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iNeedMD Holdings (iNeedMD Holdings) Debt-to-EBITDA : 0.04 (As of Mar. 2016)


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What is iNeedMD Holdings Debt-to-EBITDA?

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

iNeedMD Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2016 was $0.20 Mil. iNeedMD Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2016 was $0.00 Mil. iNeedMD Holdings's annualized EBITDA for the quarter that ended in Mar. 2016 was $4.70 Mil. iNeedMD Holdings's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2016 was 0.04.

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

NEMD's Debt-to-EBITDA is not ranked *
in the Medical Devices & Instruments industry.
Industry Median: 1.21
* Ranked among companies with meaningful Debt-to-EBITDA only.

iNeedMD Holdings Debt-to-EBITDA Historical Data

The historical data trend for iNeedMD 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.

iNeedMD Holdings Debt-to-EBITDA Chart

iNeedMD Holdings Annual Data
Trend Nov12 Nov13 Nov14 Dec15
Debt-to-EBITDA
- - - -0.04

iNeedMD Holdings Quarterly Data
Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Mar15 Jun15 Sep15 Dec15 Mar16
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 -0.04 -0.06 -0.09 -0.02 0.04

Competitive Comparison of iNeedMD Holdings's Debt-to-EBITDA

For the Medical Devices subindustry, iNeedMD 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.


iNeedMD Holdings's Debt-to-EBITDA Distribution in the Medical Devices & Instruments Industry

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

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



iNeedMD Holdings Debt-to-EBITDA Calculation

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

iNeedMD Holdings's Debt-to-EBITDA for the fiscal year that ended in Dec. 2015 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0.2 + 0) / -4.912
=-0.04

iNeedMD Holdings's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2016 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0.2 + 0) / 4.704
=0.04

* 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 (Mar. 2016) EBITDA data.


iNeedMD Holdings  (GREY:NEMD) 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.


iNeedMD Holdings Debt-to-EBITDA Related Terms

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


iNeedMD Holdings (iNeedMD Holdings) Business Description

Traded in Other Exchanges
N/A
Address
650 First Avenue, Third Floor, New York, NY, USA, 10016
iNeedMD Holdings Inc is a United States of America based medical device development company. The company's products include The EKG Glove and Portable ECG devices. Its product development programs focus on easy-to-use systems for collecting a plurality of diagnostic information and transmitting that data to local and remote locations. The EKG Glove provides healthcare workers with a standardized ECG solution that enables to quickly and accurately assess an individual's cardiac health.
Executives
Thomas Albert Nicolette director, officer: President and CEO 7 SPRING HOLLOW ROAD, CENTERPORT NY 11721

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