Mason Industrial Technology (Mason Industrial Technology) Debt-to-EBITDA : -0.25 (As of Sep. 2022)

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What is Mason Industrial Technology Debt-to-EBITDA?

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

Mason Industrial Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $0.30 Mil. Mason Industrial Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $0.00 Mil. Mason Industrial Technology's annualized EBITDA for the quarter that ended in Sep. 2022 was $-1.21 Mil. Mason Industrial Technology's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2022 was -0.25.

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 Mason Industrial Technology's Debt-to-EBITDA or its related term are showing as below:

MIT.U' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.16 Med: 0 Max: 0
Current: -0.16

MIT.U's Debt-to-EBITDA is not ranked
in the Diversified Financial Services industry.
Industry Median: 5.42 vs MIT.U: -0.16

Mason Industrial Technology Debt-to-EBITDA Historical Data

The historical data trend for Mason Industrial Technology'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.

Mason Industrial Technology Debt-to-EBITDA Chart

Mason Industrial Technology Annual Data

Trend

Dec20

Dec21

Debt-to-EBITDA

N/A

Mason Industrial Technology Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Debt-to-EBITDA	Get a 7-Day Free Trial				-	-	-	-0.23	-0.25

Competitive Comparison of Mason Industrial Technology's Debt-to-EBITDA

For the Shell Companies subindustry, Mason Industrial Technology'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.

Mason Industrial Technology's Debt-to-EBITDA Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Mason Industrial Technology's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Mason Industrial Technology's Debt-to-EBITDA falls into.

Mason Industrial Technology Debt-to-EBITDA Calculation

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

Mason Industrial Technology'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	+	0)	/	-1.61
	=	0.00

Mason Industrial Technology'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
	=	(0.3	+	0)	/	-1.208
	=	-0.25

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.

Mason Industrial Technology (NYSE:MIT.U) 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.

Mason Industrial Technology Debt-to-EBITDA Related Terms

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

Mason Industrial Technology (Mason Industrial Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Mason Industrial Technology Inc (NYSE:MIT.U) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

110 East 59th Street, New York, NY, USA, 10022

Website

https://www.masonitech.com

Mason Industrial Technology Inc is a blank check company.

Executives

William B Plummer	director	C/O UNITED RENTALS INC / DE, 100 FIRST STAMFORD PL STE 700, STAMFORD CT 06902
James L Bauman	director	3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST PAUL MN 55144-1000
Mason Capital Management Llc	director, 10 percent owner	110 EAST 59TH STREET, 30TH FLOOR, NEW YORK NY 10022
Kenneth M. Garschina	10 percent owner	110 EAST 59TH STREET, NEW YORK NY 10022
Michael E Martino	director, 10 percent owner	110 EAST 59TH STREET, NEW YORK NY 10022
Rose Edward Arthur Iii	director, officer: Chief Executive Officer	5255 VIRGINIA AVE, NORTH CHARLESTON SC 29406
Sanford Marshall C Jr	director	1725 ATLANTIC AVE, SULLIVANS ISLAND SC 29482
Mason Industrial Sponsor, Llc	10 percent owner	110 E. 59TH STREET, NEW YORK NY 10022
Derek Satzinger	director, officer: Chief Financial Officer	110 E. 59TH STREET, NEW YORK NY 10022
Diane M. Parisi	director	110 E. 59TH STREET, NEW YORK NY 10022
Pamela Chepiga	director	110 E. 59TH STREET, NEW YORK NY 10022
Philip B. Whitehead	director	110 E. 59TH STREET, NEW YORK NY 10022
Mason Capital Master Fund, L.p.	10 percent owner	110 EAST 59TH STREET, NEW YORK NY 10022
Mason Management Llc	10 percent owner	110 EAST 59TH STREET, NEW YORK NY 10022

Mason Industrial Technology (Mason Industrial Technology) Headlines

From GuruFocus

Mason Industrial Technology, Inc. Completes $500,000,000 Initial Public Offering

By Business Wire Business Wire • 02-02-2021

Mason Industrial Technology, Inc. Will Redeem Its Public Shares and Will Not Consummate an Initial Business Combination

By Business Wire Business Wire • 01-31-2023