Borqs Technologies (Borqs Technologies) Debt-to-EBITDA : -0.01 (As of Jun. 2023)

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What is Borqs Technologies Debt-to-EBITDA?

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

Borqs Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.63 Mil. Borqs Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.04 Mil. Borqs Technologies's annualized EBITDA for the quarter that ended in Jun. 2023 was $-50.46 Mil. Borqs Technologies's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 was -0.01.

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 Borqs Technologies's Debt-to-EBITDA or its related term are showing as below:

BRQSF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.88 Med: -0.33 Max: -0.02
Current: -0.02

During the past 7 years, the highest Debt-to-EBITDA Ratio of Borqs Technologies was -0.02. The lowest was -0.88. And the median was -0.33.

BRQSF's Debt-to-EBITDA is ranked worse than
100% of 1598 companies
in the Software industry
Industry Median: 1.04 vs BRQSF: -0.02

Borqs Technologies Debt-to-EBITDA Historical Data

The historical data trend for Borqs Technologies'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.

Borqs Technologies Debt-to-EBITDA Chart

Borqs Technologies Annual Data

Trend

Jun16

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-EBITDA

Get a 7-Day Free Trial

-0.28

-0.88

-0.68

-0.33

-0.15

Borqs Technologies Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-EBITDA	Get a 7-Day Free Trial											-0.01	-0.39	-1.24	-0.09	-0.01

Competitive Comparison of Borqs Technologies's Debt-to-EBITDA

For the Software - Application subindustry, Borqs Technologies'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.

Borqs Technologies's Debt-to-EBITDA Distribution in the Software Industry

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

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

Borqs Technologies Debt-to-EBITDA Calculation

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

Borqs Technologies's Debt-to-EBITDA for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(2.227	+	0.039)	/	-14.814
	=	-0.15

Borqs Technologies's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.632	+	0.037)	/	-50.46
	=	-0.01

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 (Jun. 2023) EBITDA data.

Borqs Technologies (OTCPK:BRQSF) 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.

Borqs Technologies Debt-to-EBITDA Related Terms

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

Borqs Technologies (Borqs Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Borqs Technologies Inc (OTCPK:BRQSF) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Shing Yip Street, Office B, 21st Floor, Legend Tower, Kwun Tong, Kowloon, HKG

Website

https://www.borqs.com

Borqs Technologies Inc operates as a software development company. It is engaged in software, development services, and products providing customizable, differentiated, and scalable Android-based smart connected devices and cloud service solutions. The company's segment include Connected Solutions. Borqs derives most of its revenues from its Connected Solution which includes Software and Hardware. Its geographical segments include China, India, the United States, and the Rest of the World.

Executives

Bill Huang	director	6190 CORNERSTONE COURT, SUITE 202, SAN DIEGO CA 92121
Asset Horizon International Ltd	10 percent owner	FLAT C, 8/F., JONSIM PLACE, 228 QUEEN'S ROAD EAST, HONG KONG K3 000 000
Zhengqi International Holding Ltd	10 percent owner	40 WALL STREET, 28TH FL, NEW YORK NY 10005
George Thangadurai	officer: EVP and President of Int Bus	6190 CORNERSTONE COURT, SAN DIEGO CA 92121
Simon Sun	officer: EVP & Co-GM of Prod. Bus. Unit	6190 CORNERSTONE COURT, SUITE 202, SAN DIEGO CA 92121
Wong Joseph Wai Leung	director	6190 CORNERSTONE COURT, SUITE 202, SAN DIEGO CA 92121
Gene Wuu	officer: EVP & GM of Cloud Bus Unit	6190 CORNERSTONE COURT, SUITE 202, SAN DIEGO CA 92121
Hareesh Ramanna	officer: EVP and GM of Cloud Bus Unit	6190 CORNERSTONE COURT, SUITE 202, SAN DIEGO CA 92121
Ye Eric Tao	director	6190 CORNERSTONE COURT, SUITE 202, SAN DIEGO CA 92121
Pat Chan	director, officer: Chair. of the Board, CEO & Pre	UTSTARCOM, INC., 1275 HARBOR BAY PARKWAY, ALAMEDA CA 94502
Anthony K Chan	officer: CFO, EVP Corp. Finance	32108 ALVARADO BLVD., UNIT 138, UNION CITY CA 94587
Intel Corp	10 percent owner	2200 MISSION COLLEGE BLVD, RNB-4-151, SANTA CLARA CA 95054
Bob Li	officer: EVP Corp Affairs & China Sale	6190 CORNERSTONE COURT, SUITE 202, SAN DIEGO CA 92121
Norwest Venture Partners X L P	10 percent owner	525 UNIVERSITY AVE SUITE 800, PALO ALTO CA 94301
Jian Tu	director, officer: President & Chairman	40 WALL STREET, 28TH FL, NEW YORK NY 10005