GOAT Industries (XCNQ:GOAT) Debt-to-EBITDA : -0.99 (As of Dec. 2023)

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What is GOAT Industries Debt-to-EBITDA?

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

GOAT Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.34 Mil. GOAT Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. GOAT Industries's annualized EBITDA for the quarter that ended in Dec. 2023 was C$-0.34 Mil. GOAT Industries's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -0.99.

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 GOAT Industries's Debt-to-EBITDA or its related term are showing as below:

XCNQ:GOAT' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.63 Med: -0.33 Max: -0.03
Current: -0.46

During the past 4 years, the highest Debt-to-EBITDA Ratio of GOAT Industries was -0.03. The lowest was -0.63. And the median was -0.33.

XCNQ:GOAT's Debt-to-EBITDA is ranked worse than
100% of 359 companies
in the Asset Management industry
Industry Median: 1.33 vs XCNQ:GOAT: -0.46

GOAT Industries Debt-to-EBITDA Historical Data

The historical data trend for GOAT Industries'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.

GOAT Industries Debt-to-EBITDA Chart

GOAT Industries Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

N/A

-0.03

-0.63

GOAT Industries Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial								-0.04	-0.21	-0.31	-0.22	-0.99

Competitive Comparison of GOAT Industries's Debt-to-EBITDA

For the Asset Management subindustry, GOAT Industries'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.

GOAT Industries's Debt-to-EBITDA Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, GOAT Industries's Debt-to-EBITDA distribution charts can be found below:

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

GOAT Industries Debt-to-EBITDA Calculation

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

GOAT Industries'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
	=	(0.341	+	0)	/	-0.543
	=	-0.63

GOAT Industries'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
	=	(0.341	+	0)	/	-0.344
	=	-0.99

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.

GOAT Industries (XCNQ:GOAT) 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.

GOAT Industries Debt-to-EBITDA Related Terms

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GOAT Industries (XCNQ:GOAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » GOAT Industries Ltd (XCNQ:GOAT) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

BGTTF:USA 26B:Germany

Address

810 - 789 West Pender Street, Vancouver, BC, CAN, V6C 1H2

Website

https://www.goatindustries.co

GOAT Industries Ltd is a venture capital platform focused on identifying, sponsoring and incubating companies driven by environmental, social and governance values, while operating in the blue economy. It invests in private businesses in the plant-based protein, functional foods, food technology, and fermented foods sectors. The company plans to generate returns on its investments through go-public transactions, mergers or acquisitions, and the other liquidity events of its investee companies.