Nanoform Finland (OHEL:NANOFH) Debt-to-EBITDA : -0.19 (As of Dec. 2023)

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What is Nanoform Finland Debt-to-EBITDA?

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

Nanoform Finland's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €1.05 Mil. Nanoform Finland's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €5.20 Mil. Nanoform Finland's annualized EBITDA for the quarter that ended in Dec. 2023 was €-32.49 Mil. Nanoform Finland's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -0.19.

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 Nanoform Finland's Debt-to-EBITDA or its related term are showing as below:

OHEL:NANOFH' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1.79 Med: -0.45 Max: -0.35
Current: -0.35

During the past 8 years, the highest Debt-to-EBITDA Ratio of Nanoform Finland was -0.35. The lowest was -1.79. And the median was -0.45.

OHEL:NANOFH's Debt-to-EBITDA is ranked worse than
100% of 277 companies
in the Biotechnology industry
Industry Median: 1.36 vs OHEL:NANOFH: -0.35

Nanoform Finland Debt-to-EBITDA Historical Data

The historical data trend for Nanoform Finland'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.

Nanoform Finland Debt-to-EBITDA Chart

Nanoform Finland Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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-0.53

-0.38

-0.45

-0.36

-0.35

Nanoform Finland Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial															-0.30	-0.78	-0.36	-0.53	-0.19

Competitive Comparison of Nanoform Finland's Debt-to-EBITDA

For the Biotechnology subindustry, Nanoform Finland'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.

Nanoform Finland's Debt-to-EBITDA Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Nanoform Finland's Debt-to-EBITDA distribution charts can be found below:

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

Nanoform Finland Debt-to-EBITDA Calculation

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

Nanoform Finland's Debt-to-EBITDA for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(1.054	+	5.203)	/	-17.848
	=	-0.35

Nanoform Finland's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(1.054	+	5.203)	/	-32.488
	=	-0.19

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 (Dec. 2023) EBITDA data.

Nanoform Finland (OHEL:NANOFH) 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.

Nanoform Finland Debt-to-EBITDA Related Terms

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

Nanoform Finland (OHEL:NANOFH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Nanoform Finland PLC (OHEL:NANOFH) » Definitions » Debt-to-EBITDA

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NANOFS:Sweden 4YL:Germany

Address

Cultivator II, Viikinkaari 4, Helsinki, FIN, 00790

Website

https://www.nanoform.com

Nanoform Finland PLC is a nanoparticle medicine-enabling company. The company works together with pharma and biotech partners to reduce attrition in clinical trials and enhance their molecules' formulation performance through its nano-forming services. Its patented and scalable Controlled Expansion of Supercritical Solutions (CESS) technology produces nano-formed API particles as small as 10nm. This enables poorly soluble molecules in the pharmaceutical pipeline to progress into clinical development by increasing their rate of dissolution and by improving their bioavailability. Its technology provides novel opportunities in many value-enhancing drug delivery applications.

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