Virnect Co (XKRX:438700) Debt-to-EBITDA : -0.60 (As of Mar. 2024)

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What is Virnect Co Debt-to-EBITDA?

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

Virnect Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩1,942 Mil. Virnect Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩5,703 Mil. Virnect Co's annualized EBITDA for the quarter that ended in Mar. 2024 was ₩-12,768 Mil. Virnect Co's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was -0.60.

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 Virnect Co's Debt-to-EBITDA or its related term are showing as below:

XKRX:438700' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1.7 Med: -0.9 Max: -0.87
Current: -1.07

During the past 3 years, the highest Debt-to-EBITDA Ratio of Virnect Co was -0.87. The lowest was -1.70. And the median was -0.90.

XKRX:438700's Debt-to-EBITDA is ranked worse than
100% of 1613 companies
in the Software industry
Industry Median: 1.06 vs XKRX:438700: -1.07

Virnect Co Debt-to-EBITDA Historical Data

The historical data trend for Virnect Co'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.

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Virnect Co Debt-to-EBITDA Chart

Virnect Co Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-EBITDA

-0.90

-1.70

-0.87

Virnect Co Quarterly Data
	Mar22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Debt-to-EBITDA	Get a 7-Day Free Trial			-0.67	-0.93	-0.61	-2.49	-0.60

Competitive Comparison of Virnect Co's Debt-to-EBITDA

For the Software - Application subindustry, Virnect Co'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.

Virnect Co's Debt-to-EBITDA Distribution in the Software Industry

For the Software industry and Technology sector, Virnect Co's Debt-to-EBITDA distribution charts can be found below:

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

Virnect Co Debt-to-EBITDA Calculation

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

Virnect Co'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
	=	(1838.362	+	5781.642)	/	-8765.471
	=	-0.87

Virnect Co'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
	=	(1942.495	+	5702.776)	/	-12767.996
	=	-0.60

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 (Mar. 2024) EBITDA data.

Virnect Co (XKRX:438700) 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.

Virnect Co Debt-to-EBITDA Related Terms

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

Virnect Co (XKRX:438700) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Virnect Co Ltd (XKRX:438700) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

10-15, Hangang-daero 7-gil, Vernect Experience Center, Yongsan-gu, Seoul, KOR

Website

https://www.virnect.com

Virnect Co Ltd is a technology company that leads XR technology trends and specializes in developing XR solutions that can solve problems in the industrial field. It provides products and services for 3D real-time visualization, virtual and augmented reality, remote monitoring and operation, and telecommunication access. Its product offering comprises VIRNECT Remote, VIRNECT Make, VIRNECT View, VIRNECT Twin, VIRNECT Track, and XR Devices.

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