Ondo InsurTech (LSE:ONDO) Debt-to-EBITDA : -4.19 (As of Sep. 2023)

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What is Ondo InsurTech Debt-to-EBITDA?

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

Ondo InsurTech's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £0.00 Mil. Ondo InsurTech's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £6.14 Mil. Ondo InsurTech's annualized EBITDA for the quarter that ended in Sep. 2023 was £-1.47 Mil. Ondo InsurTech's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 was -4.19.

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 Ondo InsurTech's Debt-to-EBITDA or its related term are showing as below:

LSE:ONDO' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -8.38 Med: 0 Max: 0
Current: -8.38

LSE:ONDO's Debt-to-EBITDA is ranked worse than
100% of 1738 companies
in the Hardware industry
Industry Median: 1.795 vs LSE:ONDO: -8.38

Ondo InsurTech Debt-to-EBITDA Historical Data

The historical data trend for Ondo InsurTech'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.

Ondo InsurTech Debt-to-EBITDA Chart

Ondo InsurTech Annual Data

Trend

Debt-to-EBITDA

Ondo InsurTech Semi-Annual Data
	Aug21	Feb22	Aug22	Sep23
Debt-to-EBITDA	-	-	-2.37	-4.19

Competitive Comparison of Ondo InsurTech's Debt-to-EBITDA

For the Scientific & Technical Instruments subindustry, Ondo InsurTech'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.

Ondo InsurTech's Debt-to-EBITDA Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ondo InsurTech's Debt-to-EBITDA distribution charts can be found below:

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

Ondo InsurTech Debt-to-EBITDA Calculation

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

Ondo InsurTech's Debt-to-EBITDA for the fiscal year that ended in . 20 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(	+	)	/	N/A
	=	N/A

Ondo InsurTech's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0	+	6.142)	/	-1.466
	=	-4.19

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 two times the quarterly (Sep. 2023) EBITDA data.

Ondo InsurTech (LSE:ONDO) 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.

Ondo InsurTech Debt-to-EBITDA Related Terms

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

Ondo InsurTech (LSE:ONDO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ondo InsurTech PLC (LSE:ONDO) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

1AI:Germany

Address

60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR

Website

https://www.ondoplc.com

Ondo InsurTech PLC is into the Insuretech business in the home insurance Industry. The company's Leakbot system comprises a self-install sensor that clips to a pipe and detects a leak anywhere on a main water system. The company derives revenue from water leak detection devices, water leak detection services, Repair services, and consultancy services. The company has a geographical presence in the UK, USA, and Europe. The company derives the majority of its revenue from the UK.

Ondo InsurTech (LSE:ONDO) Headlines

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