Ondo InsurTech (LSE:ONDO) Debt-to-Revenue : 2.59 (As of Sep. 2023)

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What is Ondo InsurTech Debt-to-Revenue?

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

Ondo InsurTech's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £0.00 Mil. Ondo InsurTech's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £6.14 Mil. Ondo InsurTech's annualized Revenue for the quarter that ended in Sep. 2023 was £2.37 Mil. Ondo InsurTech's annualized Debt-to-Revenue for the quarter that ended in Sep. 2023 was 2.59.

Ondo InsurTech Debt-to-Revenue Historical Data

The historical data trend for Ondo InsurTech's Debt-to-Revenue 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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Ondo InsurTech Debt-to-Revenue Chart

Ondo InsurTech Annual Data

Trend

Debt-to-Revenue

Ondo InsurTech Semi-Annual Data
	Aug21	Feb22	Aug22	Sep23
Debt-to-Revenue	-	N/A	3.19	2.59

Competitive Comparison of Ondo InsurTech's Debt-to-Revenue

For the Scientific & Technical Instruments subindustry, Ondo InsurTech's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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.

Ondo InsurTech's Debt-to-Revenue Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ondo InsurTech's Debt-to-Revenue distribution charts can be found below:

* The bar in red indicates where Ondo InsurTech's Debt-to-Revenue falls into.

Ondo InsurTech Debt-to-Revenue Calculation

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

Ondo InsurTech's Debt-to-Revenue for the fiscal year that ended in . 20 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(	+	)	/	N/A
	=	N/A

Ondo InsurTech's annualized Debt-to-Revenue for the quarter that ended in Sep. 2023 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0	+	6.142)	/	2.372
	=	2.59

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is two times the quarterly (Sep. 2023) Revenue data.

Ondo InsurTech Debt-to-Revenue Related Terms

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Ondo InsurTech (LSE:ONDO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ondo InsurTech PLC (LSE:ONDO) » Definitions » Debt-to-Revenue

Comparable Companies

Traded in Other Exchanges

1AI:Germany

Address

60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR

Website

https://www.ondoplc.com

Ondo InsurTech PLC is into the Insuretech business in the home insurance Industry. The company's Leakbot system comprises a self-install sensor that clips to a pipe and detects a leak anywhere on a main water system. The company derives revenue from water leak detection devices, water leak detection services, Repair services, and consultancy services. The company has a geographical presence in the UK, USA, and Europe. The company derives the majority of its revenue from the UK.

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