ReadCloud (ASX:RCL) Debt-to-EBITDA : -0.04 (As of Sep. 2023)

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What is ReadCloud Debt-to-EBITDA?

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

ReadCloud's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was A$0.13 Mil. ReadCloud's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was A$0.09 Mil. ReadCloud's annualized EBITDA for the quarter that ended in Sep. 2023 was A$-5.51 Mil. ReadCloud's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 was -0.04.

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

ASX:RCL' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -4.23 Med: -0.9 Max: -0.16
Current: -0.16

During the past 7 years, the highest Debt-to-EBITDA Ratio of ReadCloud was -0.16. The lowest was -4.23. And the median was -0.90.

ASX:RCL's Debt-to-EBITDA is ranked worse than
100% of 1605 companies
in the Software industry
Industry Median: 1.06 vs ASX:RCL: -0.16

ReadCloud Debt-to-EBITDA Historical Data

The historical data trend for ReadCloud'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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ReadCloud Debt-to-EBITDA Chart

ReadCloud Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Sep22

Sep23

Debt-to-EBITDA

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-1.01

-4.23

-0.78

-0.16

ReadCloud Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Mar22	Sep22	Mar23	Sep23
Debt-to-EBITDA	Get a 7-Day Free Trial						0.89	0.06	N/A	0.11	-0.04

Competitive Comparison of ReadCloud's Debt-to-EBITDA

For the Software - Application subindustry, ReadCloud'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.

ReadCloud's Debt-to-EBITDA Distribution in the Software Industry

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

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

ReadCloud Debt-to-EBITDA Calculation

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

ReadCloud's Debt-to-EBITDA for the fiscal year 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
	=	(0.131	+	0.092)	/	-1.399
	=	-0.16

ReadCloud'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
	=	(0.131	+	0.092)	/	-5.512
	=	-0.04

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.

ReadCloud (ASX:RCL) 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.

ReadCloud Debt-to-EBITDA Related Terms

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

ReadCloud (ASX:RCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ReadCloud Ltd (ASX:RCL) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

126 Church Street, Level 1, Brighton, VIC, AUS, 3186

Website

https://www.readcloud.com

ReadCloud Ltd is an education technology company that offers digital e-learning solutions to secondary schools. The firm operates in two segments: eBook solutions, which is the key revenue driver, and Vocational Education and Training (VET). It provides software solutions, including eBooks, to schools within Australia. In addition, it also provides digital VET course materials and services to schools through its subsidiary Australian Institute of Education and Training Unit Trust, PKY Media Pty Ltd and Ripponlea Institute Pty Ltd, which offers over 40 VET courses and services to schools across Australia.