Third Age Health Services (NZSE:TAH) Debt-to-EBITDA : 1.13 (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Third Age Health Services Debt-to-EBITDA?

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

Third Age Health Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NZ$1.65 Mil. Third Age Health Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NZ$2.40 Mil. Third Age Health Services's annualized EBITDA for the quarter that ended in Mar. 2024 was NZ$3.60 Mil. Third Age Health Services's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 1.13.

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 Third Age Health Services's Debt-to-EBITDA or its related term are showing as below:

NZSE:TAH' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.14 Med: 0.99 Max: 3.8
Current: 1.35

During the past 4 years, the highest Debt-to-EBITDA Ratio of Third Age Health Services was 3.80. The lowest was 0.14. And the median was 0.99.

NZSE:TAH's Debt-to-EBITDA is ranked better than
62.76% of 427 companies
in the Healthcare Providers & Services industry
Industry Median: 2.55 vs NZSE:TAH: 1.35

Third Age Health Services Debt-to-EBITDA Historical Data

The historical data trend for Third Age Health Services'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.

Third Age Health Services Debt-to-EBITDA Chart

Third Age Health Services Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Debt-to-EBITDA

0.14

0.63

3.80

1.35

Third Age Health Services Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Debt-to-EBITDA	Get a 7-Day Free Trial			0.74	1.28	3.74	1.89	1.13

Competitive Comparison of Third Age Health Services's Debt-to-EBITDA

For the Medical Care Facilities subindustry, Third Age Health Services'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.

Third Age Health Services's Debt-to-EBITDA Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Third Age Health Services's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Third Age Health Services's Debt-to-EBITDA falls into.

Third Age Health Services Debt-to-EBITDA Calculation

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

Third Age Health Services's Debt-to-EBITDA for the fiscal year that ended in Mar. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(1.648	+	2.399)	/	2.993
	=	1.35

Third Age Health Services's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(1.648	+	2.399)	/	3.596
	=	1.13

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 (Mar. 2024) EBITDA data.

Third Age Health Services (NZSE:TAH) 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.

Third Age Health Services Debt-to-EBITDA Related Terms

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

Third Age Health Services (NZSE:TAH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Third Age Health Services Ltd (NZSE:TAH) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

536 Kennedy Road, Greenmeadows, Napier, NZL, 4112

Website

https://www.thirdagehealth.co.nz

Third Age Health Services Ltd is engaged in providing health care services to older adults residing in Aged Residential Care. Its services include 24/7 access to a doctor, Regular, scheduled rounds by a Practitioner, and Guaranteed locum cover.