Bakkt Holdings (Bakkt Holdings) Debt-to-EBITDA : -0.33 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Bakkt Holdings Debt-to-EBITDA?

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

Bakkt Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.6 Mil. Bakkt Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $23.5 Mil. Bakkt Holdings's annualized EBITDA for the quarter that ended in Dec. 2023 was $-82.6 Mil. Bakkt Holdings's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -0.33.

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

BKKT' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.24 Med: -0.13 Max: -0.05
Current: -0.24

During the past 4 years, the highest Debt-to-EBITDA Ratio of Bakkt Holdings was -0.05. The lowest was -0.24. And the median was -0.13.

BKKT's Debt-to-EBITDA is ranked worse than
100% of 1594 companies
in the Software industry
Industry Median: 1.055 vs BKKT: -0.24

Bakkt Holdings Debt-to-EBITDA Historical Data

The historical data trend for Bakkt 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.

Bakkt Holdings Debt-to-EBITDA Chart

Bakkt Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

-0.05

-0.08

-0.17

-0.24

Bakkt Holdings Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial								-0.21	-0.20	-0.24	-0.27	-0.33

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

For the Software - Infrastructure subindustry, Bakkt 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.

Bakkt Holdings's Debt-to-EBITDA Distribution in the Software Industry

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

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

Bakkt Holdings Debt-to-EBITDA Calculation

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

Bakkt Holdings'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
	=	(3.636	+	23.525)	/	-114.287
	=	-0.24

Bakkt 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
	=	(3.636	+	23.525)	/	-82.556
	=	-0.33

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.

Bakkt Holdings (NYSE:BKKT) 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.

Bakkt Holdings Debt-to-EBITDA Related Terms

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

Bakkt Holdings (Bakkt Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bakkt Holdings Inc (NYSE:BKKT) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

10000 Avalon Boulevard, Suite 1000, Alpharetta, GA, USA, 30009

Website

https://www.bakkt.com

Bakkt Holdings Inc operates technology that connects the digital economy by offering a platform for crypto and redeeming loyalty points. Its institutional-grade technology platform provides a custody solution that caters to more experienced market participants to store crypto and provides consumers, businesses, and institutions with the ability to buy, sell and store crypto in a simple, intuitive digital experience accessed via application programming interfaces (APIs) or embedded web experience, and Loyalty offers a full spectrum of content that clients can make available to its customers when redeeming loyalty currencies. It generates revenue in the form of Subscription and service and Transaction revenue.

Executives

Vpc Impact Acquisition Holdings Sponsor, Llc	director, 10 percent owner, other: See Remarks	150 NORTH RIVERSIDE PLAZA, SUITE 5200, CHICAGO IL 60606
Sean Roberts Collins	director	C/O BAKKT HOLDINGS, INC., 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTA GA 30009
Marc D'annunzio	officer: General Counsel & Secretary	C/O BAKKT HOLDINGS, INC., 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTA GA 30009
Mark Sonbolian Elliot	officer: Chief Sales & Mktg Officer	C/O BAKKT HOLDINGS INC., 10000 AVALON BLVD., SUITE 1000, ALPHARETTA GA 30009
Michael Gavin Constantine	director, officer: Chief Executive Officer	C/O BAKKT HOLDINGS, INC., 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTA GA 30009
Karen Alexander	officer: Chief Accounting Officer	C/O BAKKT HOLDINGS, INC., 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTE GA 30009
Charles Goodroe	officer: Chief Accounting Officer	C/O BAKKT HOLDINGS INC., 10000 AVALON BLVD., SUITE 1000, ALPHARETTA GA 30009
Meredith Spatz	officer: Chief Customer Officer	C/O BAKKT HOLDINGS INC., 10000 AVALON BLVD., SUITE 1000, ALPHARETTA GA 30009
De'ana Dow	director	C/O BAKKT HOLDINGS, INC., 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTA GA 30009
Jill Simeone	director	C/O ETSY, 117 ADAMS STREET, BROOKLYN NY 11201
Nancy Gordon	officer: EVP Loyalty Rewards & Payments	C/O BAKKT HOLDINGS, INC., 5500 WINDWARD PKWY., SUITE 450, ALPHARETTA GA 30005
Andrew A Main	director	C/O BAKKT HOLDINGS, INC., 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTA GA 30009
Daniel O'prey	officer: EVP, Digital Assets	C/O BAKKT HOLDINGS, INC., 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTA GA 30009
Michael Leroy Lewis	officer: EVP Engineering & Operations	C/O BAKKT HOLDINGS, INC., 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTA GA 30009
Matthew Alan Johnson	officer: Chief Technology Officer	C/O BAKKT HOLDINGS, INC., 5500 WINDWARD PKWY., SUITE 450, ALPHARETTA GA 30005