Medi Assist Healthcare Services (NSE:MEDIASSIST) Debt-to-EBITDA : 0.31 (As of Sep. 2023)

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What is Medi Assist Healthcare Services Debt-to-EBITDA?

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

Medi Assist Healthcare Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹146 Mil. Medi Assist Healthcare Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹168 Mil. Medi Assist Healthcare Services's annualized EBITDA for the quarter that ended in Sep. 2023 was ₹1,029 Mil. Medi Assist Healthcare Services's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 was 0.30.

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 Medi Assist Healthcare Services's Debt-to-EBITDA or its related term are showing as below:

NSE:MEDIASSIST' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.23 Med: 0.25 Max: 0.36
Current: 0.26

During the past 3 years, the highest Debt-to-EBITDA Ratio of Medi Assist Healthcare Services was 0.36. The lowest was 0.23. And the median was 0.25.

NSE:MEDIASSIST's Debt-to-EBITDA is ranked better than
80% of 15 companies
in the Healthcare Plans industry
Industry Median: 2.53 vs NSE:MEDIASSIST: 0.26

Medi Assist Healthcare Services Debt-to-EBITDA Historical Data

The historical data trend for Medi Assist Healthcare Services'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.

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Medi Assist Healthcare Services Debt-to-EBITDA Chart

Medi Assist Healthcare Services Annual Data

Trend

Mar21

Mar22

Mar23

Debt-to-EBITDA

0.36

0.25

0.23

Medi Assist Healthcare Services Semi-Annual Data
	Mar21	Mar22	Sep22	Mar23	Sep23
Debt-to-EBITDA	N/A	N/A	-	0.22	0.31

Competitive Comparison of Medi Assist Healthcare Services's Debt-to-EBITDA

For the Healthcare Plans subindustry, Medi Assist Healthcare Services'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.

Medi Assist Healthcare Services's Debt-to-EBITDA Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, Medi Assist Healthcare Services's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Medi Assist Healthcare Services's Debt-to-EBITDA falls into.

Medi Assist Healthcare Services Debt-to-EBITDA Calculation

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

Medi Assist Healthcare Services's Debt-to-EBITDA for the fiscal year that ended in Mar. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(119.89	+	186.9)	/	1333.03
	=	0.23

Medi Assist Healthcare Services'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
	=	(145.53	+	168.12)	/	1028.62
	=	0.30

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.

Medi Assist Healthcare Services (NSE:MEDIASSIST) 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.

Medi Assist Healthcare Services Debt-to-EBITDA Related Terms

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

Medi Assist Healthcare Services (NSE:MEDIASSIST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Medi Assist Healthcare Services Ltd (NSE:MEDIASSIST) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

544088:India

Address

Website

Medi Assist Healthcare Services Ltd is a HealthTech and InsurTech company focused on administering health benefits across employers, retail members, and public health schemes. Its clients are insurance companies and also serve as an intermediary between (a) general and health insurance companies and the insured members, (b) insurance companies and healthcare providers (such as hospitals), and (c) the Government and beneficiaries of public health schemes. The company derives income by providing health management services, software subscription, software license services, consultancy services and other allied services pertaining to healthcare and health insurance sector. It also offers business support services and other technical services.

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