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Global Star Acquisition (Global Star Acquisition) Debt-to-EBITDA : -0.49 (As of Mar. 2024)


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What is Global Star Acquisition Debt-to-EBITDA?

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

Global Star Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1.59 Mil. Global Star Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Global Star Acquisition's annualized EBITDA for the quarter that ended in Mar. 2024 was $-3.22 Mil. Global Star Acquisition's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was -0.49.

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

GLST' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.75   Med: -0.39   Max: -0.03
Current: -0.62

During the past 4 years, the highest Debt-to-EBITDA Ratio of Global Star Acquisition was -0.03. The lowest was -0.75. And the median was -0.39.

GLST's Debt-to-EBITDA is ranked worse than
100% of 125 companies
in the Diversified Financial Services industry
Industry Median: 5.42 vs GLST: -0.62

Global Star Acquisition Debt-to-EBITDA Historical Data

The historical data trend for Global Star 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.

Global Star Acquisition Debt-to-EBITDA Chart

Global Star Acquisition Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
- - -0.03 -0.75

Global Star Acquisition Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - - -0.54 -0.64 -0.49

Competitive Comparison of Global Star Acquisition's Debt-to-EBITDA

For the Shell Companies subindustry, Global Star 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.


Global Star Acquisition's Debt-to-EBITDA Distribution in the Diversified Financial Services Industry

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

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



Global Star Acquisition Debt-to-EBITDA Calculation

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

Global Star Acquisition's Debt-to-EBITDA for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1.59 + 0) / -2.127
=-0.75

Global Star Acquisition's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1.586 + 0) / -3.224
=-0.49

* 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. 2024) EBITDA data.


Global Star Acquisition  (NAS:GLST) 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.


Global Star Acquisition Debt-to-EBITDA Related Terms

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


Global Star Acquisition (Global Star Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
1641 International Drive, Unit 208, McLean, VA, USA, 22102
Website
Global Star Acquisition Inc is a blank check company.
Executives
Chun Wing Lam director 1641 INTERNATIONAL DRIVE, UNIT 208, MCLEAN VA 22012
Cui Shan officer: Chief Financial Officer SUITE 906 TOWER W1 ORIENTAL SQUARE, BEIJING F4 100006
Chew Hai Chew Chwee director 1641 INTERNATIONAL DRIVE UNIT 208, MCLEAN VA 22012
Yang Kan Chong director 1641 INTERNATIONAL DRIVE UNIT 208, MCLEAN VA 22012
Kan Benny Mun Wai director 1641 INTERNATIONAL DRIVE UNIT 208, MCLEAN VA 22012
Anthony Ang director, 10 percent owner, officer: Chief Executive Officer 1641 INTERNATIONAL DRIVE UNIT 208, MCLEAN VA 22012
Jukka Rannila director 1641 INTERNATIONAL DRIVE UNIT 208, MCLEAN VA 22012
Nicholas Khoo officer: Chief Operating Officer 1641 INTERNATIONAL DRIVE UNIT 208, MCLEAN VA 22012
Global Star Acquisition 1 Llc 10 percent owner 1641 INTERNATIONAL DRIVE UNIT 208, MCLEAN VA 22012
Stephen Drew director 1641 INTERNATIONAL DRIVE UNIT 208, MCLEAN VA 22012