Mag Mile Capital (Mag Mile Capital) Debt-to-EBITDA : -0.43 (As of Dec. 2023)

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What is Mag Mile Capital Debt-to-EBITDA?

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

Mag Mile Capital's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.16 Mil. Mag Mile Capital's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.44 Mil. Mag Mile Capital's annualized EBITDA for the quarter that ended in Dec. 2023 was $-1.39 Mil. Mag Mile Capital's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -0.43.

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 Mag Mile Capital's Debt-to-EBITDA or its related term are showing as below:

MMCP' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.58 Med: -0.38 Max: -0.19
Current: -0.32

During the past 3 years, the highest Debt-to-EBITDA Ratio of Mag Mile Capital was -0.19. The lowest was -0.58. And the median was -0.38.

MMCP's Debt-to-EBITDA is not ranked
in the Banks industry.
Industry Median: 10.23 vs MMCP: -0.32

Mag Mile Capital Debt-to-EBITDA Historical Data

The historical data trend for Mag Mile Capital'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.

Mag Mile Capital Debt-to-EBITDA Chart

Mag Mile Capital Annual Data

Trend

Jul21

Jul22

Dec23

Debt-to-EBITDA

N/A

-0.58

-0.19

Mag Mile Capital Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial					-0.47	-1.44	-0.08	N/A	-0.43

Competitive Comparison of Mag Mile Capital's Debt-to-EBITDA

For the Mortgage Finance subindustry, Mag Mile Capital'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.

Mag Mile Capital's Debt-to-EBITDA Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Mag Mile Capital's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Mag Mile Capital's Debt-to-EBITDA falls into.

Mag Mile Capital Debt-to-EBITDA Calculation

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

Mag Mile Capital'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
	=	(0.156	+	0.437)	/	-3.079
	=	-0.19

Mag Mile Capital'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
	=	(0.156	+	0.437)	/	-1.392
	=	-0.43

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 (Dec. 2023) EBITDA data.

Mag Mile Capital (OTCPK:MMCP) 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.

Mag Mile Capital Debt-to-EBITDA Related Terms

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

Mag Mile Capital (Mag Mile Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mag Mile Capital Inc (OTCPK:MMCP) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

7950 W. Sunset Boulevard, Suite 629, Los Angeles, CA, USA, 90046

Website

https://www.magmilecapital.com

Mag Mile Capital Inc is a full-service commercial real estate mortgage banking firm. Mag Mile Capital is a national platform comprised of capital markets experience in real estate bridge financing, mezzanine, and permanent debt placement and equity arrangements throughout the full capital stack and across all major real estate asset classes, including hotels, multifamily, office, retail, industrial, healthcare, self-storage and special purpose properties, offering access to structured debt and equity advisory solutions and placement for real estate investors, developers, and entrepreneurs, It leverages a wide variety of lending relationships and equity capital connections as a leading national real estate mortgage intermediary.

Mag Mile Capital (Mag Mile Capital) Headlines

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