Zoomcar Holdings (Zoomcar Holdings) Debt-to-EBITDA : 0.39 (As of Dec. 2023)

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What is Zoomcar Holdings Debt-to-EBITDA?

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

Zoomcar Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7.21 Mil. Zoomcar Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $16.87 Mil. Zoomcar Holdings's annualized EBITDA for the quarter that ended in Dec. 2023 was $61.38 Mil. Zoomcar Holdings's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.39.

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 Zoomcar Holdings's Debt-to-EBITDA or its related term are showing as below:

ZCAR' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -4.78 Med: -0.86 Max: -0.57
Current: -0.57

During the past 3 years, the highest Debt-to-EBITDA Ratio of Zoomcar Holdings was -0.57. The lowest was -4.78. And the median was -0.86.

ZCAR's Debt-to-EBITDA is ranked worse than
100% of 833 companies
in the Business Services industry
Industry Median: 1.88 vs ZCAR: -0.57

Zoomcar Holdings Debt-to-EBITDA Historical Data

The historical data trend for Zoomcar Holdings'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.

Zoomcar Holdings Debt-to-EBITDA Chart

Zoomcar Holdings Annual Data

Trend

Mar21

Mar22

Mar23

Debt-to-EBITDA

-4.78

-0.86

-0.70

Zoomcar Holdings Quarterly Data
	Mar21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial			-	-0.76	-0.36	-0.54	0.39

Competitive Comparison of Zoomcar Holdings's Debt-to-EBITDA

For the Rental & Leasing Services subindustry, Zoomcar Holdings'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.

Zoomcar Holdings's Debt-to-EBITDA Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Zoomcar Holdings's Debt-to-EBITDA distribution charts can be found below:

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

Zoomcar Holdings Debt-to-EBITDA Calculation

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

Zoomcar Holdings'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
	=	(4.195	+	37.789)	/	-59.61
	=	-0.70

Zoomcar Holdings'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
	=	(7.209	+	16.865)	/	61.376
	=	0.39

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.

Zoomcar Holdings (NAS:ZCAR) 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.

Zoomcar Holdings Debt-to-EBITDA Related Terms

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Zoomcar Holdings (Zoomcar Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Zoomcar Holdings Inc (NAS:ZCAR) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

EO3:Germany

Address

HAL Old Airport Road, No.147, 1st Floor, ISRO Colony, Anjaneya Techno Park, Kodihalli, Bangalore, KA, IND, 560008

Website

https://www.zoomcar.com

Zoomcar Holdings Inc is India's largest marketplace for cars on rent. Zoomcar is a leading emerging-market-focused peer-to-peer car-sharing marketplace, with approximately 21,000 vehicles registered through its platform. The Company derives its revenue principally from short-term self-drive rentals and vehicle subscriptions. The self-drive rental business generates the majority of revenue. Geographically The company operates in India, Egypt, Indonesia, Vietnam, and the Philippines, Out of which the majority of revenue is derived from India.