Tantalus Systems Holding (TSX:GRID) Debt-to-EBITDA : 1.43 (As of Dec. 2023)

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What is Tantalus Systems Holding Debt-to-EBITDA?

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

Tantalus Systems Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$12.55 Mil. Tantalus Systems Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$6.72 Mil. Tantalus Systems Holding's annualized EBITDA for the quarter that ended in Dec. 2023 was C$13.48 Mil. Tantalus Systems Holding's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 1.43.

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 Tantalus Systems Holding's Debt-to-EBITDA or its related term are showing as below:

TSX:GRID' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -4.28 Med: -2.47 Max: 9.57
Current: 9.57

During the past 3 years, the highest Debt-to-EBITDA Ratio of Tantalus Systems Holding was 9.57. The lowest was -4.28. And the median was -2.47.

TSX:GRID's Debt-to-EBITDA is ranked worse than
91.12% of 2298 companies
in the Industrial Products industry
Industry Median: 1.74 vs TSX:GRID: 9.57

Tantalus Systems Holding Debt-to-EBITDA Historical Data

The historical data trend for Tantalus Systems Holding'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.

Tantalus Systems Holding Debt-to-EBITDA Chart

Tantalus Systems Holding Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-EBITDA

-2.47

-4.28

9.48

Tantalus Systems Holding Quarterly Data
	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial										-23.04	-3.89	-21.82	239.49	1.43

Competitive Comparison of Tantalus Systems Holding's Debt-to-EBITDA

For the Electrical Equipment & Parts subindustry, Tantalus Systems Holding'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.

Tantalus Systems Holding's Debt-to-EBITDA Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tantalus Systems Holding's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Tantalus Systems Holding's Debt-to-EBITDA falls into.

Tantalus Systems Holding Debt-to-EBITDA Calculation

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

Tantalus Systems Holding'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
	=	(12.553	+	6.719)	/	2.034
	=	9.47

Tantalus Systems Holding'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
	=	(12.553	+	6.719)	/	13.476
	=	1.43

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.

Tantalus Systems Holding (TSX:GRID) 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.

Tantalus Systems Holding Debt-to-EBITDA Related Terms

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

Tantalus Systems Holding (TSX:GRID) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tantalus Systems Holding Inc (TSX:GRID) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

TNTLF:USA

Address

3555 Gilmore Way, Suite 200, Burnaby, BC, CAN, V5G 0B3

Website

https://www.tantalus.com

Tantalus Systems Holding Inc Canada-based company engaged in developing and delivering purpose-built smart grid solutions for public power and electric cooperative utilities. Its segments include the Connected Devices and Infrastructure Segment and Utility Software Applications and Services, and the majority of the revenue comes from Utility Software Applications and Services. Geographic regions are the United States, Canada, and Others, and the majority of the revenue comes from the United States.