What is Fortune Industries, Debt-to-EBITDA?
Debt-to-EBITDA measures a company's ability to pay off its debt.
Fortune Industries,'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2013 was €0.00 Mil. Fortune Industries,'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2013 was €0.00 Mil. Fortune Industries,'s annualized EBITDA for the quarter that ended in Mar. 2013 was €-9.62 Mil.
Fortune Industries,'s annualized Debt-to-EBITDA for the quarter that ended in Mar. 2013 was 0.00.
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 Fortune Industries,'s Debt-to-EBITDA or its related term are showing as below:
Fortune Industries, Debt-to-EBITDA Historical Data
The historical data trend for Fortune Industries,'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.
Fortune Industries, Debt-to-EBITDA Chart
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Fortune Industries, Annual Data
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-3.72 |
0.17 |
0.54 |
0.16 |
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Fortune Industries, Quarterly Data
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| Debt-to-EBITDA |
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0.03 |
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Competitive Comparison of Fortune Industries,'s Debt-to-EBITDA
For the Staffing & Employment Services subindustry, Fortune Industries,'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.
Fortune Industries,'s Debt-to-EBITDA Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Fortune Industries,'s Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Fortune Industries,'s Debt-to-EBITDA falls into.
Fortune Industries, Debt-to-EBITDA Calculation
Debt-to-EBITDA measures a company's ability to pay off its debt.
Fortune Industries,'s Debt-to-EBITDA for the fiscal year that ended in Jun. 2012 is calculated as
Fortune Industries,'s annualized Debt-to-EBITDA for the quarter that ended in Mar. 2013 is calculated as
* 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. 2013) EBITDA data.
Fortune Industries, (FRA:FD9A) Business Description
Traded in Other Exchanges
N/A
Address
Fortune Industries Inc Fortune Industries, Inc. was incorporated in the state of Delaware in 1988, restructured in 2000 and redomesticated to the state of Indiana in May 2005. The Company provides full service human resources outsourcing services through co-employment relationships with their clients. Effective November 30, 2008, the Company approved the sale of all of the remaining operating subsidiaries within four of the five segments, as Wireless Infrastructure, Transportation Infrastructure, Ultraviolet Technologies, and Electronics Integration, to a related party. Consequently, as of the effective date of the transaction, the Business Solutions segment is the Company's remaining operating segment. The Business Solutions segment is comprised of Professional Employer Organizations (PEOs) which provide full-service human resources outsourcing services through co-employment relationships with their clients. Companies operating in the Business Solutions Segment include Professional Staff Management, Inc. and subsidiaries (PSM); CSM, Inc. and subsidiaries and related entities (CSM); Precision Employee Management, LLC (PEM); and Employer Solutions Group, Inc. and related entities (ESG). The Companies in the Business Solutions segment bill their clients under Professional Services Agreements as licensed PEOs. The billing includes amounts for the client's gross wages, payroll taxes, employee benefits, workers' compensation insurance and an administration fee. The administration fee charged by the companies in this segment is typically a percentage of the gross payroll and is sufficient to allow the companies in this segment to provide payroll administration services, human resources consulting services, worksite safety training, and employment regulatory compliance for no additional fees. The Companies in the Business Solutions segment compete with other PEOs, third-party payroll processing and human resources consulting companies, and in-house human resources divisions. The Company's Business Solutions segment is subject to various federal, state and local laws and regulations pertaining to various employee benefit plans, employee retirement plans, Section 125 cafeteria plans, group health plans, welfare benefit plans and health care flexible spending accounts.
Fortune Industries, (FRA:FD9A) Headlines
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