FRMO (FRMO) Debt-to-EBITDA : 0.00 (As of May. 2014)

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What is FRMO Debt-to-EBITDA?

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

FRMO's Short-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2014 was $0.00 Mil. FRMO's Long-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2014 was $0.00 Mil. FRMO's annualized EBITDA for the quarter that ended in May. 2014 was $5.92 Mil. FRMO's annualized Debt-to-EBITDA for the quarter that ended in May. 2014 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 FRMO's Debt-to-EBITDA or its related term are showing as below:

FRMO's Debt-to-EBITDA is not ranked ^*
in the Asset Management industry.
Industry Median: 1.22
* Ranked among companies with meaningful Debt-to-EBITDA only.

FRMO Debt-to-EBITDA Historical Data

The historical data trend for FRMO'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.

FRMO Debt-to-EBITDA Chart

FRMO Annual Data

Trend

Feb00

Feb01

Feb02

Feb03

Feb04

May12

May13

May14

Debt-to-EBITDA

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FRMO Semi-Annual Data
	Feb00	Feb01	Feb02	Feb03	Feb04	May12	May13	May14
Debt-to-EBITDA	Get a 7-Day Free Trial			-	-	-	-	-

Competitive Comparison of FRMO's Debt-to-EBITDA

For the Asset Management subindustry, FRMO'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.

FRMO's Debt-to-EBITDA Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, FRMO's Debt-to-EBITDA distribution charts can be found below:

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

FRMO Debt-to-EBITDA Calculation

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

FRMO's Debt-to-EBITDA for the fiscal year that ended in May. 2014 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0	+	0)	/	5.916
	=	0.00

FRMO's annualized Debt-to-EBITDA for the quarter that ended in May. 2014 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0	+	0)	/	5.916
	=	0.00

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 one times the quarterly (May. 2014) EBITDA data.

FRMO (OTCPK:FRMO) 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.

FRMO Debt-to-EBITDA Related Terms

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

FRMO (FRMO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » FRMO Corp (OTCPK:FRMO) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 North Lexington Avenue, Suite 12C, White Plains, NY, USA, 10601

Website

https://www.frmocorp.com

FRMO Corp is focused its activities on making strategic investments in public and private companies.

Executives

Steven Bregman	director, 10 percent owner, officer: President	HORIZON KINETICS LLC, 470 PARK AVENUE SOUTH, 4TH FLOOR SOUTH, NEW YORK NY 10016
Santa Monica Partners Lp	director	1865 PALMER AVENUE, LARCHMONT NY 10538
Lawrence J Goldstein	director	1865 PALMER AVE 108, LARCHMONT NY 10538
Jay P Hirschson	director	747 GREENWICH ST, SUITE 400, NEW YORK NY 10014
Murray Stahl	director, 10 percent owner, officer: CEO	C/O HORIZON KINETICS LLC, 470 PARK AVE S 8TH FL S, NEW YORK NY 10016
Peter Doyle	director, 10 percent owner, officer: Vice President, other: Secretary	470 PARK AVENUE SOUTH, 8TH FLOOR, NEW YORK NY 10016
Lester J Tanner	director, officer: Secretary	100 PARK AVENUE SUITE 3302, NEW YORK NY 10017
Allan Kornfeld	director	123 WILD DUNES WAY, JACKSON NJ 08527