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WOK (WORK Medical Technology Group) Debt-to-EBITDA : 14.07 (As of Mar. 2024)


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What is WORK Medical Technology Group Debt-to-EBITDA?

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

WORK Medical Technology Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $14.27 Mil. WORK Medical Technology Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. WORK Medical Technology Group's annualized EBITDA for the quarter that ended in Mar. 2024 was $1.01 Mil. WORK Medical Technology Group's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 14.07.

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 WORK Medical Technology Group's Debt-to-EBITDA or its related term are showing as below:

WOK' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -17.5   Med: 1.09   Max: 4.37
Current: -17.5

During the past 4 years, the highest Debt-to-EBITDA Ratio of WORK Medical Technology Group was 4.37. The lowest was -17.50. And the median was 1.09.

WOK's Debt-to-EBITDA is ranked worse than
100% of 429 companies
in the Medical Devices & Instruments industry
Industry Median: 1.54 vs WOK: -17.50

WORK Medical Technology Group Debt-to-EBITDA Historical Data

The historical data trend for WORK Medical Technology Group'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.

WORK Medical Technology Group Debt-to-EBITDA Chart

WORK Medical Technology Group Annual Data
Trend Sep20 Sep21 Sep22 Sep23
Debt-to-EBITDA
0.85 0.56 1.33 4.37

WORK Medical Technology Group Semi-Annual Data
Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Debt-to-EBITDA Get a 7-Day Free Trial 6.60 3.32 1.88 -3.44 14.07

Competitive Comparison of WORK Medical Technology Group's Debt-to-EBITDA

For the Medical Devices subindustry, WORK Medical Technology Group'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.

WORK Medical Technology Group's Debt-to-EBITDA Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, WORK Medical Technology Group's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where WORK Medical Technology Group's Debt-to-EBITDA falls into.


WORK Medical Technology Group Debt-to-EBITDA Calculation

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

WORK Medical Technology Group's Debt-to-EBITDA for the fiscal year 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
=(9.046 + 0.05) / 2.081
=4.37

WORK Medical Technology Group's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(14.265 + 0) / 1.014
=14.07

* 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 two times the quarterly (Mar. 2024) EBITDA data.

WORK Medical Technology Group  (NAS:WOK) 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.

WORK Medical Technology Group Debt-to-EBITDA Related Terms

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WORK Medical Technology Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » WORK Medical Technology Group Ltd (NAS:WOK) » Definitions » Debt-to-EBITDA
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Address
Floor 23, No. 2 Tonghuinan Road, Xiaoshan District, Zhejiang Province, Hangzhou, CHN
Website
WORK Medical Technology Group Ltd is a manufacturer of medical devices, and it is committed to providing professional and reliable medical devices to the world.