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East Resources Acquisition Co (East Resources Acquisition Co) Debt-to-EBITDA : -1.04 (As of Mar. 2023)


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What is East Resources Acquisition Co Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

East Resources Acquisition Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $5.49 Mil. East Resources Acquisition Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $0.00 Mil. East Resources Acquisition Co's annualized EBITDA for the quarter that ended in Mar. 2023 was $-5.29 Mil. East Resources Acquisition Co's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2023 was -1.04.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for East Resources Acquisition Co's Debt-to-EBITDA or its related term are showing as below:

ERESU' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1.09   Med: -0.75   Max: -0.42
Current: -0.43

During the past 3 years, the highest Debt-to-EBITDA Ratio of East Resources Acquisition Co was -0.42. The lowest was -1.09. And the median was -0.75.

ERESU's Debt-to-EBITDA is not ranked
in the Diversified Financial Services industry.
Industry Median: 4.22 vs ERESU: -0.43

East Resources Acquisition Co Debt-to-EBITDA Historical Data

The historical data trend for East Resources Acquisition Co's Debt-to-EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

East Resources Acquisition Co Debt-to-EBITDA Chart

East Resources Acquisition Co Annual Data
Trend Dec20 Dec21 Dec22
Debt-to-EBITDA
N/A -1.09 -0.42

East Resources Acquisition Co Quarterly Data
May20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.26 -1.04 -0.14 -0.57 -1.04

Competitive Comparison of East Resources Acquisition Co's Debt-to-EBITDA

For the Shell Companies subindustry, East Resources Acquisition Co's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


East Resources Acquisition Co's Debt-to-EBITDA Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, East Resources Acquisition Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where East Resources Acquisition Co's Debt-to-EBITDA falls into.



East Resources Acquisition Co Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

East Resources Acquisition Co's Debt-to-EBITDA for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(4.924 + 0) / -11.722
=-0.42

East Resources Acquisition Co's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2023 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(5.49 + 0) / -5.292
=-1.04

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Mar. 2023) EBITDA data.


East Resources Acquisition Co  (NAS:ERESU) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


East Resources Acquisition Co Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of East Resources Acquisition Co's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.


East Resources Acquisition Co (East Resources Acquisition Co) Business Description

Traded in Other Exchanges
N/A
Address
7777 NW Beacon Square Boulevard, Boca Raton, FL, USA, 33487
East Resources Acquisition Co is a blank check company.
Executives
Alberta Investment Management Corp 10 percent owner 1600-10250 101 STREET NW, EDMONTON A0 T5J 3P4
Adage Capital Partners Gp, L.l.c. 10 percent owner 200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
Adage Capital Advisors, L.l.c. 10 percent owner 200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
Robert Atchinson 10 percent owner 200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
Phillip Gross 10 percent owner 200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
Adage Capital Partners, L.p. 10 percent owner 200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
Thomas A Lopus director 650 WASHINGTON ROAD, SUITE 800, PITTSBURGH PA 15228
Adam Samuel Gusky officer: Chief Investment Officer RAND CAPITAL CORPORATION, 14 LAFAYETTE SQUARE, SUITE 2200, BUFFALO NY 14203
William A. Fustos director C/O EAST RESOURCES ACQUISITION COMPANY, 7777 NW BEACON SQUARE BOULEVARD, BOCA RATON FL 33487
Jacob R. Long officer: VP, Operations C/O EAST RESOURCES ACQUISITION COMPANY, 7777 NW BEACON SQUARE BOULEVARD, BOCA RATON FL 33487
Benjamin N. Wingard officer: VP, Business Development C/O EAST RESOURCES ACQUISITION COMPANY, 7777 NW BEACON SQUARE BOULEVARD, BOCA RATON FL 33487
Hagerman Gary L. Jr. director, officer: CFO and Treasurer C/O EAST RESOURCES ACQUISITION COMPANY, 7777 NW BEACON SQUARE BOULEVARD, BOCA RATON FL 33487
Allen F. Sobol director C/O EAST RESOURCES ACQUISITION COMPANY, 7777 NW BEACON SQUARE BOULEVARD, BOCA RATON FL 33487
John P. Sieminski officer: GC & Secretary C/O EAST RESOURCES ACQUISITION COMPANY, 7777 NW BEACON SQUARE BOULEVARD, BOCA RATON FL 33487
East Asset Management, Llc 10 percent owner 777 NW BEACON SQUARE BLVD., BOCA RATON FL 33487