EV Technology Group (NEOE:EVTG) Debt-to-EBITDA : -0.05 (As of Sep. 2023)

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What is EV Technology Group Debt-to-EBITDA?

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

EV Technology Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$1.89 Mil. EV Technology Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.00 Mil. EV Technology Group's annualized EBITDA for the quarter that ended in Sep. 2023 was C$-41.68 Mil. EV Technology Group's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 was -0.05.

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

NEOE:EVTG' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.09 Med: -0.06 Max: -0.06
Current: -0.09

During the past 2 years, the highest Debt-to-EBITDA Ratio of EV Technology Group was -0.06. The lowest was -0.09. And the median was -0.06.

NEOE:EVTG's Debt-to-EBITDA is ranked worse than
100% of 1049 companies
in the Vehicles & Parts industry
Industry Median: 2.39 vs NEOE:EVTG: -0.09

EV Technology Group Debt-to-EBITDA Historical Data

The historical data trend for EV 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.

EV Technology Group Debt-to-EBITDA Chart

EV Technology Group Annual Data

Trend

Dec21

Dec22

Debt-to-EBITDA

N/A

-0.06

EV Technology Group Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-EBITDA	Get a 7-Day Free Trial			-	-0.11	-0.09	-0.18	-0.05

Competitive Comparison of EV Technology Group's Debt-to-EBITDA

For the Auto Manufacturers subindustry, EV 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.

EV Technology Group's Debt-to-EBITDA Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, EV Technology Group's Debt-to-EBITDA distribution charts can be found below:

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

EV Technology Group Debt-to-EBITDA Calculation

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

EV Technology Group'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
	=	(1.648	+	0)	/	-28.213
	=	-0.06

EV Technology Group's annualized Debt-to-EBITDA for the quarter 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
	=	(1.885	+	0)	/	-41.676
	=	-0.05

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 (Sep. 2023) EBITDA data.

EV Technology Group (NEOE:EVTG) 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.

EV Technology Group Debt-to-EBITDA Related Terms

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

EV Technology Group (NEOE:EVTG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » EV Technology Group Ltd (NEOE:EVTG) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

EVTGF:USA B96A:Germany

Address

198 Davenport Road, Toronto, ON, CAN, M5R 1J2

Website

https://www.evtgroup.com

EV Technology Group Ltd owns and operates iconic and luxury motoring brands and helps them 'go electric. It acquires iconic brands and invests in making the transition to electric. It is in the business of developing and commercializing electric vehicle technologies that have growth potential in distinctive, niche, and underserved markets. The Company has adopted a direct-to-consumer (D2C) distribution model to deliver a premium unified brand experience through flagship locations, online experiences, and marketing activations. The Company operates in Canada, UK and France.

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