Pagaya Technologies (Pagaya Technologies) Debt-to-EBITDA : 11.46 (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Pagaya Technologies Debt-to-EBITDA?

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

Pagaya Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $44.6 Mil. Pagaya Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $368.0 Mil. Pagaya Technologies's annualized EBITDA for the quarter that ended in Dec. 2023 was $36.0 Mil. Pagaya Technologies's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 11.46.

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 Pagaya Technologies's Debt-to-EBITDA or its related term are showing as below:

PGY' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -9.27 Med: -1.12 Max: -0.69
Current: -9.27

During the past 4 years, the highest Debt-to-EBITDA Ratio of Pagaya Technologies was -0.69. The lowest was -9.27. And the median was -1.12.

PGY's Debt-to-EBITDA is ranked worse than
100% of 1602 companies
in the Software industry
Industry Median: 1.06 vs PGY: -9.27

Pagaya Technologies Debt-to-EBITDA Historical Data

The historical data trend for Pagaya Technologies'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.

Pagaya Technologies Debt-to-EBITDA Chart

Pagaya Technologies Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

-1.12

-0.69

-9.27

Pagaya Technologies Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial							-1.35	-2.39	-5.70	-21.07	11.46

Competitive Comparison of Pagaya Technologies's Debt-to-EBITDA

For the Software - Infrastructure subindustry, Pagaya Technologies'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.

Pagaya Technologies's Debt-to-EBITDA Distribution in the Software Industry

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

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

Pagaya Technologies Debt-to-EBITDA Calculation

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

Pagaya Technologies'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
	=	(44.616	+	367.968)	/	-44.51
	=	-9.27

Pagaya Technologies'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
	=	(44.616	+	367.968)	/	36.008
	=	11.46

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.

Pagaya Technologies (NAS:PGY) 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.

Pagaya Technologies Debt-to-EBITDA Related Terms

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

Pagaya Technologies (Pagaya Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Pagaya Technologies Ltd (NAS:PGY) » Definitions » Debt-to-EBITDA

Comparable Companies

TUYA ZUO GB ATEN STER YEXT BASE CINT VRNT RDWR MSFT ORCL ADBE PANW SNPS VMW FTNT CRWD PLTR SQ

Traded in Other Exchanges

N/A

Address

Derech Menachem Begin 121, Azrieli Sarona Building, 54th Floor, Tel-Aviv, ISR, 6701203

Website

https://www.pagaya.com

Pagaya Technologies Ltd is a financial technology company working to reshape the lending marketplace by using machine learning, big data analytics, and sophisticated AI-driven credit and analysis technology. It was built to provide a comprehensive solution to enable the credit industry to deliver customers a positive experience while simultaneously enhancing the broader credit ecosystem. Its proprietary API seamlessly integrates into its next-gen infrastructure network of partners to deliver a premium customer user experience and greater access to credit.