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NoFire Technologies (NoFire Technologies) Debt-to-EBITDA : -1.10 (As of May. 2010)


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What is NoFire Technologies Debt-to-EBITDA?

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

NoFire Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2010 was $1.23 Mil. NoFire Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2010 was $0.00 Mil. NoFire Technologies's annualized EBITDA for the quarter that ended in May. 2010 was $-1.12 Mil. NoFire Technologies's annualized Debt-to-EBITDA for the quarter that ended in May. 2010 was -1.10.

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

NFTI's Debt-to-EBITDA is not ranked *
in the Chemicals industry.
Industry Median: 2.24
* Ranked among companies with meaningful Debt-to-EBITDA only.

NoFire Technologies Debt-to-EBITDA Historical Data

The historical data trend for NoFire 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.

NoFire Technologies Debt-to-EBITDA Chart

NoFire Technologies Annual Data
Trend Aug00 Aug01 Aug02 Aug03 Aug04 Aug05 Aug06 Aug07 Aug08 Aug09
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.12 -1.39 -1.29 -0.59 -1.07

NoFire Technologies Quarterly Data
Aug05 Nov05 Feb06 May06 Aug06 Nov06 Feb07 May07 Aug07 Nov07 Feb08 May08 Aug08 Nov08 Feb09 May09 Aug09 Nov09 Feb10 May10
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.47 -1.36 -0.97 -2.43 -1.10

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

For the Specialty Chemicals subindustry, NoFire 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.


NoFire Technologies's Debt-to-EBITDA Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, NoFire Technologies's Debt-to-EBITDA distribution charts can be found below:

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



NoFire Technologies Debt-to-EBITDA Calculation

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

NoFire Technologies's Debt-to-EBITDA for the fiscal year that ended in Aug. 2009 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1.005 + 0) / -0.944
=-1.06

NoFire Technologies's annualized Debt-to-EBITDA for the quarter that ended in May. 2010 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1.232 + 0) / -1.12
=-1.10

* 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.

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 (May. 2010) EBITDA data.


NoFire Technologies  (OTCPK:NFTI) 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.


NoFire Technologies Debt-to-EBITDA Related Terms

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


NoFire Technologies (NoFire Technologies) Business Description

Traded in Other Exchanges
N/A
Address
5 James Street, South Hackensack, NJ, USA, 07606
NoFire Technologies Inc is engaged in the development of non-toxic and fire-retardant coatings and textile wrap systems. It serves residential, commercial, industrial, maritime, and military applications.
Executives
Andrew H Tisch 10 percent owner 667 MADISON AVE, NEW YORK NY 10021-8087

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