Borealis Foods (Borealis Foods) Debt-to-EBITDA : -0.78 (As of Dec. 2023)

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What is Borealis Foods Debt-to-EBITDA?

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

Borealis Foods's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.99 Mil. Borealis Foods's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Borealis Foods's annualized EBITDA for the quarter that ended in Dec. 2023 was $-5.13 Mil. Borealis Foods's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -0.78.

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

BRLS' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -5.78 Med: -1.7 Max: -0.78
Current: -0.78

During the past 3 years, the highest Debt-to-EBITDA Ratio of Borealis Foods was -0.78. The lowest was -5.78. And the median was -1.70.

BRLS's Debt-to-EBITDA is ranked worse than
100% of 1432 companies
in the Consumer Packaged Goods industry
Industry Median: 2.105 vs BRLS: -0.78

Borealis Foods Debt-to-EBITDA Historical Data

The historical data trend for Borealis Foods'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.

Borealis Foods Debt-to-EBITDA Chart

Borealis Foods Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-EBITDA

-1.70

-5.78

-0.78

Borealis Foods Semi-Annual Data
	Dec21	Dec22	Dec23
Debt-to-EBITDA	-1.70	-5.78	-0.78

Competitive Comparison of Borealis Foods's Debt-to-EBITDA

For the Packaged Foods subindustry, Borealis Foods'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.

Borealis Foods's Debt-to-EBITDA Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Borealis Foods's Debt-to-EBITDA distribution charts can be found below:

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

Borealis Foods Debt-to-EBITDA Calculation

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

Borealis Foods'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
	=	(3.988	+	0)	/	-5.131
	=	-0.78

Borealis Foods'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
	=	(3.988	+	0)	/	-5.131
	=	-0.78

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 one times the quarterly (Dec. 2023) EBITDA data.

Borealis Foods (NAS:BRLS) 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.

Borealis Foods Debt-to-EBITDA Related Terms

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

Borealis Foods (Borealis Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Borealis Foods Inc (NAS:BRLS) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

1540 Cornwall Road, Suite 104, Oakville, ON, CAN, L6J7W5

Website

https://www.borealisfoods.com

Borealis Foods Inc is a food technology company that has developed high-quality, affordable, sustainable, and nutritious ready-to-eat meals. It is a mission-driven company committed to utilizing its products to help solve national and global food security and nutrition challenges. Its commitment to nutrition, affordability and sustainability reflects its goal of positively impacting both human life and the planet. Through the development and launch of its ready-made ramen, featuring 20 grams of complete plant-based protein per serving, Borealis is developing advanced solutions to address global food challenges.

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