NextGen Food Robotics (NEOE:NGRB) Debt-to-EBITDA : -0.73 (As of Jan. 2024)

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What is NextGen Food Robotics Debt-to-EBITDA?

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

NextGen Food Robotics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.16 Mil. NextGen Food Robotics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$1.02 Mil. NextGen Food Robotics's annualized EBITDA for the quarter that ended in Jan. 2024 was C$-1.62 Mil. NextGen Food Robotics's annualized Debt-to-EBITDA for the quarter that ended in Jan. 2024 was -0.73.

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 NextGen Food Robotics's Debt-to-EBITDA or its related term are showing as below:

NEOE:NGRB' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.77 Med: -0.45 Max: -0.14
Current: -0.23

During the past 2 years, the highest Debt-to-EBITDA Ratio of NextGen Food Robotics was -0.14. The lowest was -0.77. And the median was -0.45.

NEOE:NGRB's Debt-to-EBITDA is ranked worse than
100% of 1430 companies
in the Consumer Packaged Goods industry
Industry Median: 2.125 vs NEOE:NGRB: -0.23

NextGen Food Robotics Debt-to-EBITDA Historical Data

The historical data trend for NextGen Food Robotics'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.

NextGen Food Robotics Debt-to-EBITDA Chart

NextGen Food Robotics Annual Data

Trend

Apr22

Apr23

Debt-to-EBITDA

-0.77

-0.14

NextGen Food Robotics Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-EBITDA	Get a 7-Day Free Trial						-0.44	-0.05	-0.02	-0.15	-0.73

Competitive Comparison of NextGen Food Robotics's Debt-to-EBITDA

For the Packaged Foods subindustry, NextGen Food Robotics'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.

NextGen Food Robotics's Debt-to-EBITDA Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, NextGen Food Robotics's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where NextGen Food Robotics's Debt-to-EBITDA falls into.

NextGen Food Robotics Debt-to-EBITDA Calculation

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

NextGen Food Robotics's Debt-to-EBITDA for the fiscal year that ended in Apr. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.063	+	0.158)	/	-1.604
	=	-0.14

NextGen Food Robotics's annualized Debt-to-EBITDA for the quarter that ended in Jan. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.158	+	1.023)	/	-1.616
	=	-0.73

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 (Jan. 2024) EBITDA data.

NextGen Food Robotics (NEOE:NGRB) 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.

NextGen Food Robotics Debt-to-EBITDA Related Terms

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

NextGen Food Robotics (NEOE:NGRB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » NextGen Food Robotics Corp (NEOE:NGRB) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

NGRBF:USA O83:Germany

Address

855 Terminal Avenue, Vancouver, BC, CAN, V6A 2M9

Website

https://www.nextgenai.ca

NextGen Food Robotics Corp is a multi-division food manufacturing operation that offers commissary and ghost kitchens, co-pack and private label contract manufacturing, and in-house production of the Company's plant-based brand. Additionally, Nextgen is developing the Lily app, which is an AI-powered food application. The Company has two operating segments: co-packing and manufacturing operations and commissary kitchen operations in Canada.

NextGen Food Robotics (NEOE:NGRB) Headlines

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