Spartan Energy Acquisition (Spartan Energy Acquisition) Debt-to-EBITDA : 0.00 (As of Sep. 2020)

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What is Spartan Energy Acquisition Debt-to-EBITDA?

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

Spartan Energy Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2020 was $0.00 Mil. Spartan Energy Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2020 was $0.00 Mil. Spartan Energy Acquisition's annualized EBITDA for the quarter that ended in Sep. 2020 was $-13.28 Mil. Spartan Energy Acquisition's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2020 was 0.00.

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 Spartan Energy Acquisition's Debt-to-EBITDA or its related term are showing as below:

SPAQ's Debt-to-EBITDA is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 4.22
* Ranked among companies with meaningful Debt-to-EBITDA only.

Spartan Energy Acquisition Debt-to-EBITDA Historical Data

The historical data trend for Spartan Energy Acquisition'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.

Spartan Energy Acquisition Debt-to-EBITDA Chart

Spartan Energy Acquisition Annual Data

Trend

Dec17

Dec18

Dec19

Debt-to-EBITDA

N/A

Spartan Energy Acquisition Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Debt-to-EBITDA	Get a 7-Day Free Trial							-	-	-	-	-

Competitive Comparison of Spartan Energy Acquisition's Debt-to-EBITDA

For the Shell Companies subindustry, Spartan Energy Acquisition'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.

Spartan Energy Acquisition's Debt-to-EBITDA Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Spartan Energy Acquisition's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Spartan Energy Acquisition's Debt-to-EBITDA falls into.

Spartan Energy Acquisition Debt-to-EBITDA Calculation

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

Spartan Energy Acquisition's Debt-to-EBITDA for the fiscal year that ended in Dec. 2019 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0	+	0)	/	-1.253
	=	0.00

Spartan Energy Acquisition's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2020 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0	+	0)	/	-13.28
	=	0.00

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. 2020) EBITDA data.

Spartan Energy Acquisition (NYSE:SPAQ) 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.

Spartan Energy Acquisition Debt-to-EBITDA Related Terms

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Spartan Energy Acquisition (Spartan Energy Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Spartan Energy Acquisition Corp (NYSE:SPAQ) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 West 57th Street, 43rd Floor, New York, NY, USA, 10019

Website

http://www.spartanenergyspac.com

Spartan Energy Acquisition Corp is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination.