GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Micro Imaging Technology Inc (OTCPK:MMTC) » Definitions » Debt-to-EBITDA

Micro Imaging Technology (Micro Imaging Technology) Debt-to-EBITDA : -0.74 (As of Jul. 2014)


View and export this data going back to . Start your Free Trial

What is Micro Imaging Technology Debt-to-EBITDA?

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

Micro Imaging Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2014 was $0.39 Mil. Micro Imaging Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2014 was $0.00 Mil. Micro Imaging Technology's annualized EBITDA for the quarter that ended in Jul. 2014 was $-0.53 Mil. Micro Imaging Technology's annualized Debt-to-EBITDA for the quarter that ended in Jul. 2014 was -0.74.

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

MMTC's Debt-to-EBITDA is not ranked *
in the Medical Devices & Instruments industry.
Industry Median: 1.26
* Ranked among companies with meaningful Debt-to-EBITDA only.

Micro Imaging Technology Debt-to-EBITDA Historical Data

The historical data trend for Micro Imaging 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.

Micro Imaging Technology Debt-to-EBITDA Chart

Micro Imaging Technology Annual Data
Trend Oct04 Oct05 Oct06 Oct07 Oct08 Oct09 Oct10 Oct11 Oct12 Oct13
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.11 -0.34 -0.84 -0.31 -0.33

Micro Imaging Technology Quarterly Data
Oct09 Jan10 Apr10 Jul10 Oct10 Jan11 Apr11 Jul11 Oct11 Jan12 Apr12 Jul12 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.08 -0.70 -0.20 -0.80 -0.74

Competitive Comparison of Micro Imaging Technology's Debt-to-EBITDA

For the Medical Devices subindustry, Micro Imaging 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.


Micro Imaging Technology's Debt-to-EBITDA Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Micro Imaging Technology's Debt-to-EBITDA distribution charts can be found below:

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



Micro Imaging Technology Debt-to-EBITDA Calculation

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

Micro Imaging Technology's Debt-to-EBITDA for the fiscal year that ended in Oct. 2013 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0.29 + 0) / -0.877
=-0.33

Micro Imaging Technology's annualized Debt-to-EBITDA for the quarter that ended in Jul. 2014 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0.392 + 0) / -0.528
=-0.74

* 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 (Jul. 2014) EBITDA data.


Micro Imaging Technology  (OTCPK:MMTC) 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.


Micro Imaging Technology Debt-to-EBITDA Related Terms

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


Micro Imaging Technology (Micro Imaging Technology) Business Description

Traded in Other Exchanges
N/A
Address
970 Calle Amanecer, Suite F, San Clemente, CA, USA, 92673
Micro Imaging Technology Inc (MIT) is an engaged in developing and manufacturing of laser-based microbial identification system. The device uses the principles of light scattering to discriminate various bacteria cells that are suspended in filtered water. Its MIT 1000 product features 35 photodetectors that surround the sample vial and collect light scattering intensities that are generated when a cell intersects the laser beam.
Executives
Anthony M Frank other: 5% owner

Micro Imaging Technology (Micro Imaging Technology) Headlines

No Headlines