Spirit Blockchain Capital (XCNQ:SPIR) Debt-to-EBITDA : -0.03 (As of Mar. 2025)

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What is Spirit Blockchain Capital Debt-to-EBITDA?

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

Spirit Blockchain Capital's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2025 was C$0.05 Mil. Spirit Blockchain Capital's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2025 was C$0.10 Mil. Spirit Blockchain Capital's annualized EBITDA for the quarter that ended in Mar. 2025 was C$-4.48 Mil. Spirit Blockchain Capital's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2025 was -0.03.

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 Spirit Blockchain Capital's Debt-to-EBITDA or its related term are showing as below:

XCNQ:SPIR' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.62 Med: -0.37 Max: -0.01
Current: -0.01

During the past 4 years, the highest Debt-to-EBITDA Ratio of Spirit Blockchain Capital was -0.01. The lowest was -0.62. And the median was -0.37.

XCNQ:SPIR's Debt-to-EBITDA is ranked worse than
100% of 431 companies
in the Capital Markets industry
Industry Median: 1.73 vs XCNQ:SPIR: -0.01

Spirit Blockchain Capital Debt-to-EBITDA Historical Data

The historical data trend for Spirit Blockchain Capital'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.

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Spirit Blockchain Capital Debt-to-EBITDA Chart

Spirit Blockchain Capital Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Debt-to-EBITDA

-0.62

-0.12

Spirit Blockchain Capital Quarterly Data
	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											-0.99	-0.87	-0.54	-0.03	-0.03

Competitive Comparison of Spirit Blockchain Capital's Debt-to-EBITDA

For the Capital Markets subindustry, Spirit Blockchain Capital'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.

Spirit Blockchain Capital's Debt-to-EBITDA Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Spirit Blockchain Capital's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Spirit Blockchain Capital's Debt-to-EBITDA falls into.

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Spirit Blockchain Capital Debt-to-EBITDA Calculation

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

Spirit Blockchain Capital'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
	=	(1.151	+	0.095)	/	-10.86
	=	-0.11

Spirit Blockchain Capital'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
	=	(0.046	+	0.1)	/	-4.48
	=	-0.03

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.

Spirit Blockchain Capital (XCNQ:SPIR) 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.

Spirit Blockchain Capital Debt-to-EBITDA Related Terms

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

Spirit Blockchain Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Spirit Blockchain Capital Inc (XCNQ:SPIR) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

SBLCF:USA

Address

505 Burrard Street, Suite 1570, One Bentall Centre, Vancouver, BC, CAN, V7X 1M5

Website

https://www.spiritblockchain.com

Spirit Blockchain Capital Inc is Redefining the Future of Wealth Management: Digital Assets, Tokenization, and Next-Generation Investing. The Company is a blockchain company providing capital to blockchain ecosystem participants and blockchain research and advisory services. The Company aims to supply capital to the blockchain ecosystem through lending, staking, streaming and mining.

Executives