MindArk PE AB (XSAT:MNDRK) Debt-to-EBITDA : 0.27 (As of Dec. 2023)

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What is MindArk PE AB Debt-to-EBITDA?

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

MindArk PE AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr0.0 Mil. MindArk PE AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr33.0 Mil. MindArk PE AB's annualized EBITDA for the quarter that ended in Dec. 2023 was kr123.4 Mil. MindArk PE AB's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.27.

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 MindArk PE AB's Debt-to-EBITDA or its related term are showing as below:

XSAT:MNDRK' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.96 Med: 1.51 Max: 2.06
Current: 0.96

During the past 2 years, the highest Debt-to-EBITDA Ratio of MindArk PE AB was 2.06. The lowest was 0.96. And the median was 1.51.

XSAT:MNDRK's Debt-to-EBITDA is ranked better than
51.83% of 1613 companies
in the Software industry
Industry Median: 1.06 vs XSAT:MNDRK: 0.96

MindArk PE AB Debt-to-EBITDA Historical Data

The historical data trend for MindArk PE AB'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.

MindArk PE AB Debt-to-EBITDA Chart

MindArk PE AB Annual Data

Trend

Dec21

Dec23

Debt-to-EBITDA

2.06

0.97

MindArk PE AB Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial			-	1.53	-1.26	2.27	0.27

Competitive Comparison of MindArk PE AB's Debt-to-EBITDA

For the Software - Application subindustry, MindArk PE AB'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.

MindArk PE AB's Debt-to-EBITDA Distribution in the Software Industry

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

* The bar in red indicates where MindArk PE AB's Debt-to-EBITDA falls into.

MindArk PE AB Debt-to-EBITDA Calculation

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

MindArk PE AB'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	+	33.003)	/	34.154
	=	0.97

MindArk PE AB's annualized Debt-to-EBITDA for the quarter 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	+	33.003)	/	123.384
	=	0.27

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.

MindArk PE AB (XSAT:MNDRK) 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.

MindArk PE AB Debt-to-EBITDA Related Terms

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

MindArk PE AB (XSAT:MNDRK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MindArk PE AB (XSAT:MNDRK) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

Masthamnsgatan 5, Gothenburg, SWE, SE 413 27

Website

https://www.mindark.com

MindArk PE AB develops and operates Entropia Universe and the Entropia Platform. Entropia Universe is a 3D internet virtual universe with an integrated economic system and stunning graphics. The client software is free-of-charge and available to anyone with internet access. The Entropia Platform is a secure entertainment and business platform, enabling companies and organizations all over the world to build content on themed planets inside Entropia Universe.

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