CloudMD Software & Services (TSXV:DOC) Debt-to-EBITDA : -7.23 (As of Sep. 2023)

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What is CloudMD Software & Services Debt-to-EBITDA?

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

CloudMD Software & Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$17.8 Mil. CloudMD Software & Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$6.1 Mil. CloudMD Software & Services's annualized EBITDA for the quarter that ended in Sep. 2023 was C$-3.3 Mil. CloudMD Software & Services's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 was -7.23.

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 CloudMD Software & Services's Debt-to-EBITDA or its related term are showing as below:

TSXV:DOC' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -2.32 Med: -0.64 Max: 6.36
Current: -0.48

During the past 8 years, the highest Debt-to-EBITDA Ratio of CloudMD Software & Services was 6.36. The lowest was -2.32. And the median was -0.64.

TSXV:DOC's Debt-to-EBITDA is ranked worse than
100% of 421 companies
in the Healthcare Providers & Services industry
Industry Median: 2.58 vs TSXV:DOC: -0.48

CloudMD Software & Services Debt-to-EBITDA Historical Data

The historical data trend for CloudMD Software & 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.

CloudMD Software & Services Debt-to-EBITDA Chart

CloudMD Software & Services Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-EBITDA

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-0.64

-1.48

-0.65

-2.32

-0.19

CloudMD Software & Services Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-EBITDA	Get a 7-Day Free Trial															-0.09	-0.15	-2.01	-6.64	-7.23

Competitive Comparison of CloudMD Software & Services's Debt-to-EBITDA

For the Health Information Services subindustry, CloudMD Software & 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.

CloudMD Software & Services's Debt-to-EBITDA Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where CloudMD Software & Services's Debt-to-EBITDA falls into.

CloudMD Software & Services Debt-to-EBITDA Calculation

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

CloudMD Software & Services'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
	=	(4.172	+	21.98)	/	-135.94
	=	-0.19

CloudMD Software & Services'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
	=	(17.812	+	6.095)	/	-3.308
	=	-7.23

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.

CloudMD Software & Services (TSXV:DOC) 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.

CloudMD Software & Services Debt-to-EBITDA Related Terms

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

CloudMD Software & Services (TSXV:DOC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » CloudMD Software & Services Inc (TSXV:DOC) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

DOCRF:USA 6PH:Germany

Address

885 West Georgia Street, 2200 HSBC Building, Vancouver, BC, CAN, V6C 3E8

Website

https://www.cloudmd.ca

CloudMD Software & Services Inc is digitizing the delivery of healthcare by providing patients access to all points of their care from their phone, tablet or desktop computer. The company offers SAAS-based health technology solutions to medical clinics across Canada and has developed proprietary technology that delivers quality healthcare through the combination of connected primary care clinics, telemedicine, and artificial intelligence (AI). It has two segments Digital Health Solutions and Enterprise Health Solutions.