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PRSRU (Prospector Capital) Debt-to-EBITDA : -0.30 (As of Sep. 2023)


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What is Prospector Capital Debt-to-EBITDA?

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

Prospector Capital's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Prospector Capital's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $1.24 Mil. Prospector Capital's annualized EBITDA for the quarter that ended in Sep. 2023 was $-4.14 Mil. Prospector Capital's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 was -0.30.

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 Prospector Capital's Debt-to-EBITDA or its related term are showing as below:

PRSRU' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.2   Med: -0.16   Max: -0.16
Current: -0.2

During the past 3 years, the highest Debt-to-EBITDA Ratio of Prospector Capital was -0.16. The lowest was -0.20. And the median was -0.16.

PRSRU's Debt-to-EBITDA is not ranked
in the Diversified Financial Services industry.
Industry Median: 3.98 vs PRSRU: -0.20

Prospector Capital Debt-to-EBITDA Historical Data

The historical data trend for Prospector Capital'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.

Prospector Capital Debt-to-EBITDA Chart

Prospector Capital Annual Data
Trend Dec20 Dec21 Dec22
Debt-to-EBITDA
N/A - -0.16

Prospector Capital Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.20 -0.13 -0.14 -0.07 -0.30

Competitive Comparison of Prospector Capital's Debt-to-EBITDA

For the Shell Companies subindustry, Prospector Capital'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.


Prospector Capital's Debt-to-EBITDA Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Prospector Capital's Debt-to-EBITDA distribution charts can be found below:

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



Prospector Capital Debt-to-EBITDA Calculation

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

Prospector Capital's Debt-to-EBITDA for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0 + 0.157) / -1.001
=-0.16

Prospector Capital's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0 + 1.239) / -4.144
=-0.30

* 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 (Sep. 2023) EBITDA data.


Prospector Capital  (NAS:PRSRU) 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.


Prospector Capital Debt-to-EBITDA Related Terms

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


Prospector Capital Business Description

Traded in Other Exchanges
N/A
Address
1250 Prospect Street, Suite 200, La Jolla, CA, USA, 92037
Website
Prospector Capital Corp is a blank check company.
Executives
Steven R Altman director
Jonathan A Levy director PO BOX 428, BOWLING GREEN OH 43402
Derek K Aberle officer: CEO, Director 5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Prospector Sponsor Llc director, 10 percent owner, other: *Director by Deputization 1250 PROSPECT STREET, SUITE 200, LA JOLLA CA 92037
Nick Stone officer: CFO, Director 1250 PROSPECT STREET, SUITE 200, LA JOLLA CA 92037
Ron Lumbra director 1250 PROSPECT STREET, SUITE 200, LA JOLLA CA 92037