DG Innovate (LSE:DGI) Debt-to-EBITDA : -0.69 (As of Dec. 2023)

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What is DG Innovate Debt-to-EBITDA?

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

DG Innovate's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.21 Mil. DG Innovate's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £2.25 Mil. DG Innovate's annualized EBITDA for the quarter that ended in Dec. 2023 was £-3.55 Mil. DG Innovate's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -0.69.

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 DG Innovate's Debt-to-EBITDA or its related term are showing as below:

LSE:DGI' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -4.43 Med: -0.72 Max: 7.26
Current: -0.72

During the past 5 years, the highest Debt-to-EBITDA Ratio of DG Innovate was 7.26. The lowest was -4.43. And the median was -0.72.

LSE:DGI's Debt-to-EBITDA is ranked worse than
100% of 2290 companies
in the Industrial Products industry
Industry Median: 1.71 vs LSE:DGI: -0.72

DG Innovate Debt-to-EBITDA Historical Data

The historical data trend for DG Innovate'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.

DG Innovate Debt-to-EBITDA Chart

DG Innovate Annual Data

Trend

Mar19

Mar20

Mar21

Dec22

Dec23

Debt-to-EBITDA

-4.43

-1.11

7.26

-0.08

-0.72

DG Innovate Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial				-0.62	-0.05	-0.22	-0.19	-0.69

Competitive Comparison of DG Innovate's Debt-to-EBITDA

For the Electrical Equipment & Parts subindustry, DG Innovate'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.

DG Innovate's Debt-to-EBITDA Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, DG Innovate's Debt-to-EBITDA distribution charts can be found below:

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

DG Innovate Debt-to-EBITDA Calculation

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

DG Innovate'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
	=	(0.208	+	2.246)	/	-3.433
	=	-0.71

DG Innovate's annualized Debt-to-EBITDA for the quarter 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
	=	(0.208	+	2.246)	/	-3.548
	=	-0.69

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 two times the quarterly (Dec. 2023) EBITDA data.

DG Innovate (LSE:DGI) 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.

DG Innovate Debt-to-EBITDA Related Terms

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

DG Innovate (LSE:DGI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » DG Innovate PLC (LSE:DGI) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mill Field Road, 15 Victoria Mews Cottingley Business Park, Bingley, GBR, BD16 1PY

Website

https://www.dgiplc.com

DG Innovate PLC is a research and development company pioneering sustainable and environmentally considerate improvements to electric mobility and storage, using abundant materials and engineering & scientific practices. The company is currently developing its products alongside several major manufacturers across the transportation and energy sectors, research institutions and the UK Government and has filed 18 patents worldwide.