NEXE Innovations (TSXV:NEXE) Debt-to-EBITDA : -0.29 (As of Feb. 2024)

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What is NEXE Innovations Debt-to-EBITDA?

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

NEXE Innovations's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.37 Mil. NEXE Innovations's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.38 Mil. NEXE Innovations's annualized EBITDA for the quarter that ended in Feb. 2024 was C$-2.60 Mil. NEXE Innovations's annualized Debt-to-EBITDA for the quarter that ended in Feb. 2024 was -0.29.

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 NEXE Innovations's Debt-to-EBITDA or its related term are showing as below:

TSXV:NEXE' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1.21 Med: -0.22 Max: -0.14
Current: -0.14

During the past 4 years, the highest Debt-to-EBITDA Ratio of NEXE Innovations was -0.14. The lowest was -1.21. And the median was -0.22.

TSXV:NEXE's Debt-to-EBITDA is ranked worse than
100% of 327 companies
in the Packaging & Containers industry
Industry Median: 2.59 vs TSXV:NEXE: -0.14

NEXE Innovations Debt-to-EBITDA Historical Data

The historical data trend for NEXE Innovations'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.

NEXE Innovations Debt-to-EBITDA Chart

NEXE Innovations Annual Data

Trend

May20

May21

May22

May23

Debt-to-EBITDA

-1.21

-0.17

-0.24

-0.20

NEXE Innovations Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-EBITDA	Get a 7-Day Free Trial													-0.38	-0.11	-0.15	-0.18	-0.29

Competitive Comparison of NEXE Innovations's Debt-to-EBITDA

For the Packaging & Containers subindustry, NEXE Innovations'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.

NEXE Innovations's Debt-to-EBITDA Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, NEXE Innovations's Debt-to-EBITDA distribution charts can be found below:

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

NEXE Innovations Debt-to-EBITDA Calculation

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

NEXE Innovations's Debt-to-EBITDA for the fiscal year that ended in May. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.319	+	0.666)	/	-4.892
	=	-0.20

NEXE Innovations's annualized Debt-to-EBITDA for the quarter that ended in Feb. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.374	+	0.378)	/	-2.596
	=	-0.29

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 (Feb. 2024) EBITDA data.

NEXE Innovations (TSXV:NEXE) 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.

NEXE Innovations Debt-to-EBITDA Related Terms

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

NEXE Innovations (TSXV:NEXE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » NEXE Innovations Inc (TSXV:NEXE) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

NEXNF:USA NX5:Germany

Address

19355 22nd Avenue, Suite 109, Surrey, BC, CAN, V3Z3S6

Website

https://www.nexeinnovations.com

NEXE Innovations Inc is a plant-based compostable technology and materials manufacturing based in British Columbia, Canada. The Company has developed patented, fully compostable, plant-based, single-serve coffee pods for use in single-serve coffee machines. The NEXE Pod is fully compostable, single-use pod will offer the market an environmentally friendly alternative to the over billions of plastic and aluminum pod market.

Executives

Ashvani Guglani

Director

NEXE Innovations (TSXV:NEXE) Headlines

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