Tuscan Holdings (Tuscan Holdings) Debt-to-EBITDA : -1.19 (As of Mar. 2021)

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What is Tuscan Holdings Debt-to-EBITDA?

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

Tuscan Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2021 was $0.00 Mil. Tuscan Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2021 was $1.06 Mil. Tuscan Holdings's annualized EBITDA for the quarter that ended in Mar. 2021 was $-0.89 Mil. Tuscan Holdings's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2021 was -1.19.

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 Tuscan Holdings's Debt-to-EBITDA or its related term are showing as below:

THCBW' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.67 Med: -0.22 Max: -0.22
Current: -0.67

During the past 3 years, the highest Debt-to-EBITDA Ratio of Tuscan Holdings was -0.22. The lowest was -0.67. And the median was -0.22.

THCBW's Debt-to-EBITDA is not ranked
in the Diversified Financial Services industry.
Industry Median: 4.24 vs THCBW: -0.67

Tuscan Holdings Debt-to-EBITDA Historical Data

The historical data trend for Tuscan Holdings'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.

Tuscan Holdings Debt-to-EBITDA Chart

Tuscan Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Debt-to-EBITDA

N/A

-0.22

Tuscan Holdings Semi-Annual Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Debt-to-EBITDA	Get a 7-Day Free Trial				-	-0.79	-1.15	-0.75	-1.19

Competitive Comparison of Tuscan Holdings's Debt-to-EBITDA

For the Shell Companies subindustry, Tuscan Holdings'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.

Tuscan Holdings's Debt-to-EBITDA Distribution in the Diversified Financial Services Industry

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

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

Tuscan Holdings Debt-to-EBITDA Calculation

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

Tuscan Holdings's Debt-to-EBITDA for the fiscal year that ended in Dec. 2020 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0	+	0.2)	/	-0.922
	=	-0.22

Tuscan Holdings's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2021 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0	+	1.056)	/	-0.891
	=	-1.19

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 one times the quarterly (Mar. 2021) EBITDA data.

Tuscan Holdings (NAS:THCBW) 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.

Tuscan Holdings Debt-to-EBITDA Related Terms

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