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Impac Mortgage Holdings (Impac Mortgage Holdings) Debt-to-EBITDA : -1.18 (As of Dec. 2022)


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What is Impac Mortgage Holdings Debt-to-EBITDA?

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

Impac Mortgage Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was $3.62 Mil. Impac Mortgage Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was $42.75 Mil. Impac Mortgage Holdings's annualized EBITDA for the quarter that ended in Dec. 2022 was $-39.28 Mil. Impac Mortgage Holdings's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2022 was -1.18.

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

IMPHO.PFD' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -2.29   Med: 19.42   Max: 89.42
Current: -2.29

During the past 13 years, the highest Debt-to-EBITDA Ratio of Impac Mortgage Holdings was 89.42. The lowest was -2.29. And the median was 19.42.

IMPHO.PFD's Debt-to-EBITDA is not ranked
in the Banks industry.
Industry Median: 10.23 vs IMPHO.PFD: -2.29

Impac Mortgage Holdings Debt-to-EBITDA Historical Data

The historical data trend for Impac Mortgage 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.

Impac Mortgage Holdings Debt-to-EBITDA Chart

Impac Mortgage Holdings Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 73.37 22.88 89.42 33.08 -2.29

Impac Mortgage Holdings Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.31 4.61 -1.97 -1.40 -1.18

Competitive Comparison of Impac Mortgage Holdings's Debt-to-EBITDA

For the Mortgage Finance subindustry, Impac Mortgage 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.


Impac Mortgage Holdings's Debt-to-EBITDA Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Impac Mortgage Holdings's Debt-to-EBITDA distribution charts can be found below:

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



Impac Mortgage Holdings Debt-to-EBITDA Calculation

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

Impac Mortgage Holdings'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
=(3.622 + 42.753) / -20.257
=-2.29

Impac Mortgage Holdings's annualized Debt-to-EBITDA for the quarter 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
=(3.622 + 42.753) / -39.284
=-1.18

* 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 (Dec. 2022) EBITDA data.


Impac Mortgage Holdings  (OTCPK:IMPHO.PFD) 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.


Impac Mortgage Holdings Debt-to-EBITDA Related Terms

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


Impac Mortgage Holdings (Impac Mortgage Holdings) Business Description

Traded in Other Exchanges
N/A
Address
4000 MacArthur Boulevard, Suite 6000, Newport Beach, CA, USA, 92660
Impac Mortgage Holdings Inc is an independent residential mortgage lender. The company's segments include Mortgage Lending, Real Estate Services, and the Long-Term Mortgage Portfolio. The mortgage lending segment provides mortgage lending products through three lending channels, retail, wholesale, and correspondent, retains mortgage servicing rights, and provides warehouse lending facilities. Its Real estate services segment performs master servicing and provides loss mitigation services for securitized long-term mortgage portfolios, and Long-term mortgage portfolio consists of residual interests in securitization trusts.

Impac Mortgage Holdings (Impac Mortgage Holdings) Headlines

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