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Richco Investors (TSXV:RII.K) Debt-to-EBITDA : 0.00 (As of Dec. 2023)


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What is Richco Investors Debt-to-EBITDA?

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

Richco Investors's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Richco Investors's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Richco Investors's annualized EBITDA for the quarter that ended in Dec. 2023 was C$-0.02 Mil. Richco Investors's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 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 Richco Investors's Debt-to-EBITDA or its related term are showing as below:

TSXV:RII.K's Debt-to-EBITDA is not ranked *
in the Asset Management industry.
Industry Median: 1.365
* Ranked among companies with meaningful Debt-to-EBITDA only.

Richco Investors Debt-to-EBITDA Historical Data

The historical data trend for Richco Investors'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.

Richco Investors Debt-to-EBITDA Chart

Richco Investors Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
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Richco Investors Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Richco Investors's Debt-to-EBITDA

For the Asset Management subindustry, Richco Investors'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.


Richco Investors's Debt-to-EBITDA Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Richco Investors's Debt-to-EBITDA distribution charts can be found below:

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



Richco Investors Debt-to-EBITDA Calculation

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

Richco Investors'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
=(0 + 0) / -0.028
=0.00

Richco Investors's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 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 (Dec. 2023) EBITDA data.


Richco Investors  (TSXV:RII.K) 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.


Richco Investors Debt-to-EBITDA Related Terms

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


Richco Investors (TSXV:RII.K) Business Description

Traded in Other Exchanges
N/A
Address
3882 Lawrence Place, North Vancouver, Vancouver, BC, CAN, V7K 2X2
Richco Investors Inc is a Canada-based company that provides financial, management, and other administrative services to early development-stage businesses. The principal objective of the company is long-term wealth creation by creating or helping businesses to fulfill their potential through strategic planning, capital infusion, and corporate restructuring.

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