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QBTS (D-Wave Quantum) Debt-to-EBITDA : -2.07 (As of Mar. 2025)


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What is D-Wave Quantum Debt-to-EBITDA?

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

D-Wave Quantum's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2025 was $1.87 Mil. D-Wave Quantum's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2025 was $36.58 Mil. D-Wave Quantum's annualized EBITDA for the quarter that ended in Mar. 2025 was $-18.57 Mil. D-Wave Quantum's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2025 was -2.07.

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 D-Wave Quantum's Debt-to-EBITDA or its related term are showing as below:

QBTS' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1.15   Med: -0.86   Max: -0.28
Current: -0.3

During the past 5 years, the highest Debt-to-EBITDA Ratio of D-Wave Quantum was -0.28. The lowest was -1.15. And the median was -0.86.

QBTS's Debt-to-EBITDA is ranked worse than
100% of 1737 companies
in the Hardware industry
Industry Median: 1.78 vs QBTS: -0.30

D-Wave Quantum Debt-to-EBITDA Historical Data

The historical data trend for D-Wave Quantum'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.

D-Wave Quantum Debt-to-EBITDA Chart

D-Wave Quantum Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Debt-to-EBITDA
-0.33 -1.15 -0.86 -0.90 -0.28

D-Wave Quantum Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 -1.14 -1.12 -0.65 -0.11 -2.07

Competitive Comparison of D-Wave Quantum's Debt-to-EBITDA

For the Computer Hardware subindustry, D-Wave Quantum'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.


D-Wave Quantum's Debt-to-EBITDA Distribution in the Hardware Industry

For the Hardware industry and Technology sector, D-Wave Quantum's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where D-Wave Quantum's Debt-to-EBITDA falls into.


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D-Wave Quantum Debt-to-EBITDA Calculation

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

D-Wave Quantum's Debt-to-EBITDA for the fiscal year that ended in Dec. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1.86 + 36.517) / -138.05
=-0.28

D-Wave Quantum's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1.873 + 36.58) / -18.568
=-2.07

* 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 (Mar. 2025) EBITDA data.


D-Wave Quantum  (NYSE:QBTS) 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.


D-Wave Quantum Debt-to-EBITDA Related Terms

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


D-Wave Quantum Business Description

Traded in Other Exchanges
Address
2650 East Bayshore Road, Palo Alto, CA, USA, 94303
D-Wave Quantum Inc is in the development and delivery of quantum computing systems, software, and services, and it is the commercial supplier of quantum computers and the only company building both annealing quantum computers and gate-model quantum computers. It delivers customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. Its annealing quantum computers are accessible through the company's LeapTM cloud service.
Executives
Diane Nguyen officer: General Counsel 3033 BETA AVENUE, BURNABY A1 V5G4M9
Roger Biscay director 1545 RIVER PARK DRIVE, SUITE 210, SACRAMENTO CA 95815
Steven M West director 3033 BETA AVENUE, BURNABY A1 V5G 4M9
John M. Markovich officer: Chief Financial Officer 3033 BETA AVENUE, BURNABY A1 V5G 4M9
Alan E Baratz director, officer: President & CEO 3033 BETA AVENUE, BURNABY A1 V5G 4M9
Public Sector Pension Investment Board 10 percent owner 1250 RENE-LEVESQUE BLVD WEST, SUITE 1400, MONTREAL A8 H3B 5E9
Emil Michael director C/O DPCM CAPITAL, INC., 382 NE 191 STREET, # 24148, MIAMI FL 33179
Victoria Brydon officer: See remarks 3033 BETA AVENUE, BURNABY A1 V5G 4M9
Smalley Philip Adam Iii director 3033 BETA AVENUE, BURNABY A1 V5G4M9
Ziv Ehrenfeld director 3033 BETA AVENUE, BURNABY A1 V5G4M9
Goldman Sachs Group Inc 10 percent owner 200 WEST STREET, NEW YORK NY 10282
Bridge Street 2014, L.p. 10 percent owner 200 WEST STREET, NEW YORK NY 10282-2198
2014, L.p. Mbd 10 percent owner 200 WEST STREET, NEW YORK NY 10282-2198
2014 Employee Offshore Aggregator, L.p. 10 percent owner P.O BOX 309 UGLAND HOUSE, GEORGE TOWN E9 KY1-1104
Stone Street 2014 Holdings, L.p. 10 percent owner P.O BOX 309 UGLAND HOUSE, GEORGE TOWN E9 KY1-1104