MFH (Mercurity Fintech Holding) Debt-to-EBITDA : -1.29 (As of Jun. 2024)

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What is Mercurity Fintech Holding Debt-to-EBITDA?

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

Mercurity Fintech Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $7.87 Mil. Mercurity Fintech Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.10 Mil. Mercurity Fintech Holding's annualized EBITDA for the quarter that ended in Jun. 2024 was $-6.17 Mil. Mercurity Fintech Holding's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2024 was -1.29.

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

MFH' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1.22 Med: -0.69 Max: -0.15
Current: -0.84

During the past 12 years, the highest Debt-to-EBITDA Ratio of Mercurity Fintech Holding was -0.15. The lowest was -1.22. And the median was -0.69.

MFH's Debt-to-EBITDA is ranked worse than
100% of 1648 companies
in the Software industry
Industry Median: 1.075 vs MFH: -0.84

Mercurity Fintech Holding Debt-to-EBITDA Historical Data

The historical data trend for Mercurity Fintech Holding'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.

Mercurity Fintech Holding Debt-to-EBITDA Chart

Mercurity Fintech Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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-0.15

-1.22

Mercurity Fintech Holding Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-EBITDA	Get a 7-Day Free Trial															-	-0.37	-3.14	-0.76	-1.29

Competitive Comparison of Mercurity Fintech Holding's Debt-to-EBITDA

For the Information Technology Services subindustry, Mercurity Fintech Holding'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.

Mercurity Fintech Holding's Debt-to-EBITDA Distribution in the Software Industry

For the Software industry and Technology sector, Mercurity Fintech Holding's Debt-to-EBITDA distribution charts can be found below:

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

Mercurity Fintech Holding Debt-to-EBITDA Calculation

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

Mercurity Fintech Holding'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
	=	(9.352	+	0.282)	/	-7.903
	=	-1.22

Mercurity Fintech Holding's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(7.866	+	0.095)	/	-6.172
	=	-1.29

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 (Jun. 2024) EBITDA data.

Mercurity Fintech Holding (NAS:MFH) 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.

Mercurity Fintech Holding Debt-to-EBITDA Related Terms

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

Mercurity Fintech Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Mercurity Fintech Holding Inc (NAS:MFH) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

1330 Avenue of Americas, Fl 33, New York, NY, USA, 10019

Website

https://www.mercurityfintech.com

Mercurity Fintech Holding Inc is a New York-based digital fintech leader providing access to the rapidly growing AI-powered infrastructure, blockchain, and digital assets sectors. Its three core business lines include: 1. Blockchain and digital asset solutions. 2. AI and HPC infrastructure, specializing in developing liquid cooling solutions for AI data centers. 3. Comprehensive financial services.