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Helix Acquisition II (Helix Acquisition II) Debt-to-EBITDA : 0.00 (As of Mar. 2024)


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What is Helix Acquisition II Debt-to-EBITDA?

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

Helix Acquisition II's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Helix Acquisition II's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Helix Acquisition II's annualized EBITDA for the quarter that ended in Mar. 2024 was $-0.42 Mil. Helix Acquisition II's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 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 Helix Acquisition II's Debt-to-EBITDA or its related term are showing as below:

HLXB' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -10.75   Med: -6.21   Max: -0.47
Current: -0.47

During the past 3 years, the highest Debt-to-EBITDA Ratio of Helix Acquisition II was -0.47. The lowest was -10.75. And the median was -6.21.

HLXB's Debt-to-EBITDA is ranked worse than
100% of 133 companies
in the Diversified Financial Services industry
Industry Median: 3.96 vs HLXB: -0.47

Helix Acquisition II Debt-to-EBITDA Historical Data

The historical data trend for Helix Acquisition II'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.

Helix Acquisition II Debt-to-EBITDA Chart

Helix Acquisition II Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-EBITDA
N/A -10.75 -1.67

Helix Acquisition II Quarterly Data
Dec21 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
Debt-to-EBITDA Get a 7-Day Free Trial -2.69 N/A N/A -0.42 -

Competitive Comparison of Helix Acquisition II's Debt-to-EBITDA

For the Shell Companies subindustry, Helix Acquisition II'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.


Helix Acquisition II's Debt-to-EBITDA Distribution in the Diversified Financial Services Industry

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

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



Helix Acquisition II Debt-to-EBITDA Calculation

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

Helix Acquisition II'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
=(0.07 + 0) / -0.042
=-1.67

Helix Acquisition II'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
=(0 + 0) / -0.424
=0.00

* 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. 2024) EBITDA data.


Helix Acquisition II  (NAS:HLXB) 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.


Helix Acquisition II Debt-to-EBITDA Related Terms

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


Helix Acquisition II (Helix Acquisition II) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Cormorant Asset Management, LP, 200 Clarendon Street, 52nd Floor, Boston, MA, USA, 02116
Website
Helix Acquisition Corp II is a Blank check company.

Helix Acquisition II (Helix Acquisition II) Headlines