Partway Group (LSE:PTY) Debt-to-EBITDA : -1.94 (As of Jun. 2023)

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What is Partway Group Debt-to-EBITDA?

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

Partway Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was £1.27 Mil. Partway Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was £0.00 Mil. Partway Group's annualized EBITDA for the quarter that ended in Jun. 2023 was £-0.65 Mil. Partway Group's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 was -1.94.

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 Partway Group's Debt-to-EBITDA or its related term are showing as below:

LSE:PTY' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -6.85 Med: 4.69 Max: 25.54
Current: -1.01

During the past 13 years, the highest Debt-to-EBITDA Ratio of Partway Group was 25.54. The lowest was -6.85. And the median was 4.69.

LSE:PTY's Debt-to-EBITDA is ranked worse than
100% of 1616 companies
in the Software industry
Industry Median: 1.005 vs LSE:PTY: -1.01

Partway Group Debt-to-EBITDA Historical Data

The historical data trend for Partway Group'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.

Partway Group Debt-to-EBITDA Chart

Partway Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-EBITDA

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7.35

14.43

5.46

-6.54

-6.85

Partway Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-EBITDA	Get a 7-Day Free Trial															-7.62	-5.25	9.18	-2.46	-1.94

Competitive Comparison of Partway Group's Debt-to-EBITDA

For the Information Technology Services subindustry, Partway Group'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.

Partway Group's Debt-to-EBITDA Distribution in the Software Industry

For the Software industry and Technology sector, Partway Group's Debt-to-EBITDA distribution charts can be found below:

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

Partway Group Debt-to-EBITDA Calculation

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

Partway Group's Debt-to-EBITDA for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(4.559	+	0.014)	/	-0.668
	=	-6.85

Partway Group's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(1.265	+	0)	/	-0.652
	=	-1.94

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 (Jun. 2023) EBITDA data.

Partway Group (LSE:PTY) 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.

Partway Group Debt-to-EBITDA Related Terms

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

Partway Group (LSE:PTY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Partway Group PLC (LSE:PTY) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

PTY.GB:UK

Address

32 Blackfriars Road, London, GBR, SE1 9PB

Website

https://www.partway.net

Partway Group PLC formerly Parity Group PLC provides professional recruitment, information technology solutions, and people development services to its clients. The company provides a range of recruitment and data and technology solutions to clients across the public and private sectors. The company provides recruitment services including predominately interim recruitment to a diverse range of clients delivered to central and local government within the public sector and retail, housing, utilities, and education in the private sector, and data and technology solutions including data consultancy services and business intelligence solutions. The company generates the majority of its revenue from geographical segments of the United Kingdom as compared to European Union, and Others.