Spindox SpA (MIL:SPN) Debt-to-EBITDA : 3.31 (As of Dec. 2023)

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What is Spindox SpA Debt-to-EBITDA?

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

Spindox SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €10.90 Mil. Spindox SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €8.93 Mil. Spindox SpA's annualized EBITDA for the quarter that ended in Dec. 2023 was €5.98 Mil. Spindox SpA's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 3.31.

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 Spindox SpA's Debt-to-EBITDA or its related term are showing as below:

MIL:SPN' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.88 Med: 2.59 Max: 3.2
Current: 2.9

During the past 5 years, the highest Debt-to-EBITDA Ratio of Spindox SpA was 3.20. The lowest was 1.88. And the median was 2.59.

MIL:SPN's Debt-to-EBITDA is ranked worse than
73.77% of 1628 companies
in the Software industry
Industry Median: 1.06 vs MIL:SPN: 2.90

Spindox SpA Debt-to-EBITDA Historical Data

The historical data trend for Spindox SpA'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.

Spindox SpA Debt-to-EBITDA Chart

Spindox SpA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

3.20

2.14

1.88

2.59

2.90

Spindox SpA Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial			N/A	2.10	2.43	2.22	3.31

Competitive Comparison of Spindox SpA's Debt-to-EBITDA

For the Information Technology Services subindustry, Spindox SpA'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.

Spindox SpA's Debt-to-EBITDA Distribution in the Software Industry

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

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

Spindox SpA Debt-to-EBITDA Calculation

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

Spindox SpA'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
	=	(10.898	+	8.931)	/	6.83
	=	2.90

Spindox SpA's annualized Debt-to-EBITDA for the quarter 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
	=	(10.898	+	8.931)	/	5.984
	=	3.31

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 (Dec. 2023) EBITDA data.

Spindox SpA (MIL:SPN) 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.

Spindox SpA Debt-to-EBITDA Related Terms

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

Spindox SpA (MIL:SPN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Spindox SpA (MIL:SPN) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

via Bisceglie 76, Milan, ITA, 20152

Website

https://www.spindox.it

Spindox SpA operates in the Information and Communication Technology services and products market. It offers consulting, IT and network engineering services, AI technological solutions, and research support in the Italian market.

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