Kore Group Holdings (Kore Group Holdings) Debt-to-EBITDA : 8.68 (As of Mar. 2024)

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What is Kore Group Holdings Debt-to-EBITDA?

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

Kore Group Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $3.38 Mil. Kore Group Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $305.42 Mil. Kore Group Holdings's annualized EBITDA for the quarter that ended in Mar. 2024 was $35.56 Mil. Kore Group Holdings's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 8.68.

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

KORGW' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -15.34 Med: 1.97 Max: 10.06
Current: -4.67

During the past 5 years, the highest Debt-to-EBITDA Ratio of Kore Group Holdings was 10.06. The lowest was -15.34. And the median was 1.97.

KORGW's Debt-to-EBITDA is ranked worse than
100% of 318 companies
in the Telecommunication Services industry
Industry Median: 2.1 vs KORGW: -4.67

Kore Group Holdings Debt-to-EBITDA Historical Data

The historical data trend for Kore Group 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.

Kore Group Holdings Debt-to-EBITDA Chart

Kore Group Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

8.54

10.06

-15.34

-4.60

Kore Group Holdings Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-EBITDA	Get a 7-Day Free Trial											17.51	21.76	-1.46	-11.67	8.68

Competitive Comparison of Kore Group Holdings's Debt-to-EBITDA

For the Telecom Services subindustry, Kore Group 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.

Kore Group Holdings's Debt-to-EBITDA Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Kore Group Holdings's Debt-to-EBITDA distribution charts can be found below:

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

Kore Group Holdings Debt-to-EBITDA Calculation

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

Kore Group Holdings'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
	=	(3.963	+	305.555)	/	-67.297
	=	-4.60

Kore Group Holdings'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
	=	(3.378	+	305.417)	/	35.564
	=	8.68

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.

Kore Group Holdings (OTCPK:KORGW) 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.

Kore Group Holdings Debt-to-EBITDA Related Terms

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

Kore Group Holdings (Kore Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Kore Group Holdings Inc (OTCPK:KORGW) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

KORE:USA

Address

3 Ravinia Dr, Suite 500, Alpharetta, GA, USA, 30346

Website

https://www.korewireless.com

Kore Group Holdings Inc provides Internet of Things (IoT) solutions and services. In addition to providing critical services to customers globally, it enables them to manage, deploy, and scale their IoT applications and use cases. It offers connectivity services, location-based services, device solutions, and managed and professional services for the development and support of IoT technology for the Machine-to-Machine market. It derives revenue from IoT Connectivity services, IoT Solutions services, SIMs (IoT Connectivity), and IoT devices (IoT Solutions).