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PMEDF (Predictmedix AI) Debt-to-EBITDA : 0.00 (As of Jul. 2024)


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What is Predictmedix AI Debt-to-EBITDA?

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

Predictmedix AI's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2024 was $0.00 Mil. Predictmedix AI's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2024 was $0.00 Mil. Predictmedix AI's annualized EBITDA for the quarter that ended in Jul. 2024 was $-0.64 Mil. Predictmedix AI's annualized Debt-to-EBITDA for the quarter that ended in Jul. 2024 was 0.00.

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 Predictmedix AI's Debt-to-EBITDA or its related term are showing as below:

PMEDF's Debt-to-EBITDA is not ranked *
in the Medical Devices & Instruments industry.
Industry Median: 1.4
* Ranked among companies with meaningful Debt-to-EBITDA only.

Predictmedix AI Debt-to-EBITDA Historical Data

The historical data trend for Predictmedix AI'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.

Predictmedix AI Debt-to-EBITDA Chart

Predictmedix AI Annual Data
Trend Jan19 Jan20 Jan21 Jan22 Jan23
Debt-to-EBITDA
N/A -0.02 - - -0.02

Predictmedix AI Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Jul23 Oct23 Jul24
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 - -0.01 - - -

Competitive Comparison of Predictmedix AI's Debt-to-EBITDA

For the Medical Devices subindustry, Predictmedix AI'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.


Predictmedix AI's Debt-to-EBITDA Distribution in the Medical Devices & Instruments Industry

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

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


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Predictmedix AI Debt-to-EBITDA Calculation

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

Predictmedix AI's Debt-to-EBITDA for the fiscal year that ended in Jan. 2023 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0.028 + 0) / -1.419
=-0.02

Predictmedix AI's annualized Debt-to-EBITDA for the quarter that ended in Jul. 2024 is calculated as

* 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. 2024) EBITDA data.


Predictmedix AI  (OTCPK:PMEDF) 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.


Predictmedix AI Debt-to-EBITDA Related Terms

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Predictmedix AI Business Description

Traded in Other Exchanges
Address
77 King Street West, Suite 3000, Toronto, ON, CAN, M5K 1G8
Predictmedix AI Inc provides rapid health screening and remote patient care solutions globally. The company's Safe Entry Stations are powered by a proprietary artificial intelligence (AI) that uses multispectral cameras to analyze physiological data patterns and predict a variety of health issues including infectious diseases such as COVID-19, impairment by drugs or alcohol, fatigue or various mental illnesses.