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JOFF Fintech Acquisition (JOFF Fintech Acquisition) Debt-to-EBITDA : -0.07 (As of Sep. 2022)


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What is JOFF Fintech Acquisition Debt-to-EBITDA?

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

JOFF Fintech Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $0.08 Mil. JOFF Fintech Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $0.00 Mil. JOFF Fintech Acquisition's annualized EBITDA for the quarter that ended in Sep. 2022 was $-1.23 Mil. JOFF Fintech Acquisition's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2022 was -0.06.

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 JOFF Fintech Acquisition's Debt-to-EBITDA or its related term are showing as below:

JOFFU' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.03   Med: -0.03   Max: -0.03
Current: -0.03

During the past 2 years, the highest Debt-to-EBITDA Ratio of JOFF Fintech Acquisition was -0.03. The lowest was -0.03. And the median was -0.03.

JOFFU's Debt-to-EBITDA is not ranked
in the Diversified Financial Services industry.
Industry Median: 3.96 vs JOFFU: -0.03

JOFF Fintech Acquisition Debt-to-EBITDA Historical Data

The historical data trend for JOFF Fintech Acquisition'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.

JOFF Fintech Acquisition Debt-to-EBITDA Chart

JOFF Fintech Acquisition Annual Data
Trend Dec20 Dec21
Debt-to-EBITDA
N/A -0.03

JOFF Fintech Acquisition Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Debt-to-EBITDA Get a 7-Day Free Trial -0.02 -0.02 -0.02 -0.07 -0.07

Competitive Comparison of JOFF Fintech Acquisition's Debt-to-EBITDA

For the Shell Companies subindustry, JOFF Fintech Acquisition'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.

JOFF Fintech Acquisition's Debt-to-EBITDA Distribution in the Diversified Financial Services Industry

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

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


JOFF Fintech Acquisition Debt-to-EBITDA Calculation

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

JOFF Fintech Acquisition's Debt-to-EBITDA for the fiscal year that ended in Dec. 2021 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0.08 + 0) / -2.897
=-0.03

JOFF Fintech Acquisition's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2022 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0.08 + 0) / -1.232
=-0.06

* 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 (Sep. 2022) EBITDA data.

JOFF Fintech Acquisition  (NAS:JOFFU) 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.

JOFF Fintech Acquisition Debt-to-EBITDA Related Terms

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

JOFF Fintech Acquisition (JOFF Fintech Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » JOFF Fintech Acquisition Corp (NAS:JOFFU) » Definitions » Debt-to-EBITDA
Comparable Companies
OHPA AGAC FINM HHLA SNRH CTAQ UNEX EPHY PDOT VGII GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
c/o Ellenoff Grossman & Schole LLP, 1345 Avenue of the Americas, 11th Floor, New York, NY, USA, 10105
Website
https://www.joffspac.com
JOFF Fintech Acquisition Corp is a blank check company. It is formed for the purpose of effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses.
Executives
Peter Js Smith officer: Chief Financial Officer PO BOX 364527, SAN JUAN PR 00936-4527
Jay Itzkowitz director NEW YORK HOCKEY HOLDINGS, LLC, 200 PARK AVENUE SOUTH SUITE 1610, NEW YORK NY 10003
Joel Leonoff director, 10 percent owner, officer: Chief Executive Officer ORCHID HOUSE PH 9 THE CLIFTONS, EUROPA ROAD, GIBRALTAR J1 -----
Joff Fintech Holdings Lp 10 percent owner 1345 AVENUE OF THE AMERICAS, FL 11, NEW YORK NY 10105
Hillel Frankel director, 10 percent owner, officer: President and Secretary 1345 AVENUE OF THE AMERICAS, FL 11, NEW YORK NY 10105
Mohammad Fraz Ahmed officer: SVP of Corporate & BD 1410 BERRYTREE DR., SUGARLAND TX 77479
Billy Goldstein director 757 3RD AVENUE, NEW YORK NY 10017
Paul Wharshavsky director 15 WEST 47TH STREET, SUITE 1404, NEW YORK NY 10036
Alok Sama director C/O BLUERIVER ACQUSITION CORP., 250 WEST NOTTINGHAM DRIVE SUITE 400, SAN ANTONIO TX 78209
Michelle Ann Gitlitz director 1345 AVENUE OF THE AMERICAS, 11TH FLOOR, NEW YORK NY 10105