Evolv Technologies Holdings (Evolv Technologies Holdings) Debt-to-EBITDA : -0.08 (As of Mar. 2024)

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What is Evolv Technologies Holdings Debt-to-EBITDA?

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

Evolv Technologies Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1.71 Mil. Evolv Technologies Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.98 Mil. Evolv Technologies Holdings's annualized EBITDA for the quarter that ended in Mar. 2024 was $-32.68 Mil. Evolv Technologies Holdings's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was -0.08.

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 Evolv Technologies Holdings's Debt-to-EBITDA or its related term are showing as below:

EVLVW' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -5.17 Med: -0.4 Max: -0.02
Current: -0.04

During the past 5 years, the highest Debt-to-EBITDA Ratio of Evolv Technologies Holdings was -0.02. The lowest was -5.17. And the median was -0.40.

EVLVW's Debt-to-EBITDA is ranked worse than
100% of 822 companies
in the Business Services industry
Industry Median: 1.925 vs EVLVW: -0.04

Evolv Technologies Holdings Debt-to-EBITDA Historical Data

The historical data trend for Evolv Technologies Holdings'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.

Evolv Technologies Holdings Debt-to-EBITDA Chart

Evolv Technologies Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

-0.20

-0.64

-5.17

-0.40

-0.02

Evolv Technologies Holdings Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-EBITDA	Get a 7-Day Free Trial												-0.02	-0.01	0.05	-0.03	-0.08

Competitive Comparison of Evolv Technologies Holdings's Debt-to-EBITDA

For the Security & Protection Services subindustry, Evolv Technologies Holdings'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.

Evolv Technologies Holdings's Debt-to-EBITDA Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Evolv Technologies Holdings's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Evolv Technologies Holdings's Debt-to-EBITDA falls into.

Evolv Technologies Holdings Debt-to-EBITDA Calculation

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

Evolv Technologies Holdings's Debt-to-EBITDA for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(1.391	+	0)	/	-95.617
	=	-0.01

Evolv Technologies Holdings's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(1.713	+	0.98)	/	-32.68
	=	-0.08

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. 2024) EBITDA data.

Evolv Technologies Holdings (NAS:EVLVW) 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.

Evolv Technologies Holdings Debt-to-EBITDA Related Terms

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Evolv Technologies Holdings (Evolv Technologies Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Evolv Technologies Holdings Inc (NAS:EVLVW) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

EVLV:USA

Address

500 Totten Pond Road, 4th Floor, Waltham, MA, USA, 02451

Website

https://www.evolvtechnology.com

Evolv Technologies Holdings Inc offers an AI-based touchless security screening. Its touchless security screening systems use artificial intelligence software, cloud services, and advanced sensors to reliably detect dangerous weapons while ignoring harmless items like cell phones, laptops, and keys. The firm operates in a single segment that develops, manufactures, markets, and sells security screening products and specific services. Its products are used in different industries such as casinos, industrial workplaces, schools, and ticketed venues.