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Concrete Leveling Systems (Concrete Leveling Systems) Debt-to-EBITDA : -5.84 (As of Jan. 2024)


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What is Concrete Leveling Systems Debt-to-EBITDA?

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

Concrete Leveling Systems's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.19 Mil. Concrete Leveling Systems's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.00 Mil. Concrete Leveling Systems's annualized EBITDA for the quarter that ended in Jan. 2024 was $-0.03 Mil. Concrete Leveling Systems's annualized Debt-to-EBITDA for the quarter that ended in Jan. 2024 was -5.84.

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 Concrete Leveling Systems's Debt-to-EBITDA or its related term are showing as below:

CLEV' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -4.82   Med: -1.7   Max: -1.02
Current: -3.74

During the past 13 years, the highest Debt-to-EBITDA Ratio of Concrete Leveling Systems was -1.02. The lowest was -4.82. And the median was -1.70.

CLEV's Debt-to-EBITDA is ranked worse than
100% of 164 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 2.04 vs CLEV: -3.74

Concrete Leveling Systems Debt-to-EBITDA Historical Data

The historical data trend for Concrete Leveling Systems'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.

Concrete Leveling Systems Debt-to-EBITDA Chart

Concrete Leveling Systems Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.66 -1.62 -4.68 -4.82 -4.35

Concrete Leveling Systems Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 -6.71 -5.88 -4.68 -1.95 -5.84

Competitive Comparison of Concrete Leveling Systems's Debt-to-EBITDA

For the Farm & Heavy Construction Machinery subindustry, Concrete Leveling Systems'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.


Concrete Leveling Systems's Debt-to-EBITDA Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Concrete Leveling Systems's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Concrete Leveling Systems's Debt-to-EBITDA falls into.



Concrete Leveling Systems Debt-to-EBITDA Calculation

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

Concrete Leveling Systems's Debt-to-EBITDA for the fiscal year that ended in Jul. 2023 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0.187 + 0) / -0.043
=-4.35

Concrete Leveling Systems's annualized Debt-to-EBITDA for the quarter that ended in Jan. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0.187 + 0) / -0.032
=-5.84

* 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 (Jan. 2024) EBITDA data.


Concrete Leveling Systems  (OTCPK:CLEV) 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.


Concrete Leveling Systems Debt-to-EBITDA Related Terms

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


Concrete Leveling Systems (Concrete Leveling Systems) Business Description

Traded in Other Exchanges
N/A
Address
5046 East Boulevard, Northwest, Canton, OH, USA, 44718
Concrete Leveling Systems Inc is a United States-based company operating in two divisions. The concrete leveling division of the business fabricates and markets a concrete leveling service unit utilized in the concrete leveling industry. The gaming and hospitality division of the business focuses on casino gaming, hospitality, entertainment, and leisure time industries, and will pursue opportunities in the tribal and commercial casino gaming industries, both in California and Nevada.
Executives
Georgiou Family Trust Dated 6/22/09 10 percent owner 2857 PARADISE RD. #3502, LAS VEGAS NV 89109-9046
Ronald J Tassinari 10 percent owner PO BOX 81920, LAS VEGAS NV 89180
Jericho Partners Llc 10 percent owner 33 MAIN ST., NEWTOWN CT 06470
Rt Two Llc 10 percent owner P.O. BOX 81890, LAS VEGAS NV 89180
Robert Tassinari 10 percent owner P.O. BOX 194, NEWKINGSTON NY 12459
Edward A Barth director, 10 percent owner, officer: President 5046 EAST BLVD NW, CANTON OH 44718
Eugene H Swearengin director, officer: Secretary
Suzanne I Barth director, 10 percent owner, officer: President