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Innovest Global (Innovest Global) Debt-to-EBITDA : -21.23 (As of Jun. 2009)


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What is Innovest Global Debt-to-EBITDA?

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

Innovest Global's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2009 was $1.64 Mil. Innovest Global's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2009 was $1.76 Mil. Innovest Global's annualized EBITDA for the quarter that ended in Jun. 2009 was $-0.16 Mil. Innovest Global's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2009 was -21.23.

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 Innovest Global's Debt-to-EBITDA or its related term are showing as below:

IVST's Debt-to-EBITDA is not ranked *
in the Conglomerates industry.
Industry Median: 3.165
* Ranked among companies with meaningful Debt-to-EBITDA only.

Innovest Global Debt-to-EBITDA Historical Data

The historical data trend for Innovest Global'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.

Innovest Global Debt-to-EBITDA Chart

Innovest Global Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08
Debt-to-EBITDA
Get a 7-Day Free Trial 1.35 -0.69 1.40 - -201.39

Innovest Global Quarterly Data
Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09
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 - 0.11 -5.69 -66.02 -21.23

Competitive Comparison of Innovest Global's Debt-to-EBITDA

For the Conglomerates subindustry, Innovest Global'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.


Innovest Global's Debt-to-EBITDA Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Innovest Global's Debt-to-EBITDA distribution charts can be found below:

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



Innovest Global Debt-to-EBITDA Calculation

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

Innovest Global's Debt-to-EBITDA for the fiscal year that ended in Dec. 2008 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1.016 + 1.602) / -0.013
=-201.38

Innovest Global's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2009 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1.638 + 1.759) / -0.16
=-21.23

* 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 (Jun. 2009) EBITDA data.


Innovest Global  (OTCPK:IVST) 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.


Innovest Global Debt-to-EBITDA Related Terms

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


Innovest Global (Innovest Global) Business Description

Traded in Other Exchanges
N/A
Address
8834 Mayfield Road, Chesterland, OH, USA, 44026
Innovest Global Inc is a diversified Industrial company. It operates in six segments: Energy Solutions, which provides an all-in-one offering of procurement and efficiency solutions for commercial and industrial customers, including LED lighting and retrofits; Energy Brokerage segment provides competitive electricity and natural gas purchase programs for residential and commercial consumers; Call Center Services; Building Solutions segment designs, engineers, tests and assembles curtainwall systems or other building solutions used in large custom construction projects; Wholesale Purchasing, which acts as a national distributor of roofing, windows, fasteners, and associated tools and accessories; and Others segment.