The Coretec Group (The Coretec Group) Debt-to-EBITDA : -0.40 (As of Dec. 2023)

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What is The Coretec Group Debt-to-EBITDA?

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

The Coretec Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.57 Mil. The Coretec Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.00 Mil. The Coretec Group's annualized EBITDA for the quarter that ended in Dec. 2023 was $-3.95 Mil. The Coretec Group's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -0.40.

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 The Coretec Group's Debt-to-EBITDA or its related term are showing as below:

CRTG' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -2.38 Med: -0.46 Max: -0.11
Current: -0.71

During the past 13 years, the highest Debt-to-EBITDA Ratio of The Coretec Group was -0.11. The lowest was -2.38. And the median was -0.46.

CRTG's Debt-to-EBITDA is ranked worse than
100% of 1730 companies
in the Hardware industry
Industry Median: 1.79 vs CRTG: -0.71

The Coretec Group Debt-to-EBITDA Historical Data

The historical data trend for The Coretec Group'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.

The Coretec Group Debt-to-EBITDA Chart

The Coretec Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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-0.11

-0.29

-0.20

-0.57

-0.71

The Coretec Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial															-0.34	-0.84	-0.90	-1.05	-0.40

Competitive Comparison of The Coretec Group's Debt-to-EBITDA

For the Computer Hardware subindustry, The Coretec Group'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.

The Coretec Group's Debt-to-EBITDA Distribution in the Hardware Industry

For the Hardware industry and Technology sector, The Coretec Group's Debt-to-EBITDA distribution charts can be found below:

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

The Coretec Group Debt-to-EBITDA Calculation

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

The Coretec Group'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
	=	(0.571	+	1.004)	/	-2.21
	=	-0.71

The Coretec Group'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
	=	(0.571	+	1.004)	/	-3.948
	=	-0.40

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.

The Coretec Group (OTCPK:CRTG) 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.

The Coretec Group Debt-to-EBITDA Related Terms

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

The Coretec Group (The Coretec Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » The Coretec Group Inc (OTCPK:CRTG) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 South Wagner Road, Ann Arbor, MI, USA, 48103

Website

https://www.thecoretecgroup.com

The Coretec Group Inc is technology company. The company is currently developing, testing, and providing new and/or improved technologies, products, and service solutions for energy-related industries including, but not limited to oil/gas, renewable energy, and distributed energy industries. Many of these technologies and products also have applications for medical, electronic, photonic, display, and lighting markets among others. The company's product portfolio includes Endurion, Coretec HexaSilane, CSpace, and other Technologies which are based on the production of silicon products.

Executives

Victor F Keen	director	C/O RESEARCH FRONTIERS INC., 240 CROSSWAYS PARK DRIVE, WOODBURY NY 11797
Simon Calton	director, 10 percent owner	C/O 3DICON CORPORATION, 505 BROADWAY, S. 208, FARGO ND 58102
Matthew Joseph Kappers	director, officer: Chief Executive Officer	C/O AMPLITECH GROUP, INC, 155 PLANT AVENUE, HAUPPAUGE NY 11788
Matthew Leo Hoffman	officer: Chief Financial Officer	333 JACKSON PLAZA, SUITE 1200, ANN ARBOR MI 48103
Michael Anthony Kraft	officer: Chief Executive Officer	3169 REDHILL AVENUE, COSTA MESA CA 92626
Dennis Keith Anderson	director, 10 percent owner	C/O 3DICON CORPORATION, 505 BROADWAY, S. 208, FARGO ND 58102
Ronald Dombrowski	director	C/O 3DICON CORPORATION, 505 BROADWAY, S. 208, FARGO ND 58102
Doug Freitag	director, officer: Chief Executive Officer	C/O 3DICON CORPORATION, 505 BROADWAY, S.208, FARGO ND 58102
Ronald Wayne Robinson	officer: Chief Financial Officer	6804 SOUTH CANTON AVENUE, SUITE 150, TULSA OK 74136
Anthony Martin Keating	director	7507 SOUTH SANDUSKY AVENUE, TULSA OK 74136
John Michael Oconnor	director	2828 E. 34, TULSA OK 74105
Chris Dunstan	officer: Chief Financial Officer
Sidney A Aroesty	director	DIAGNOSTIC PRODUCTS CORP, 5700 WEST 96TH STREET, LOS ANGELES CA 90045
Keating Judith Faye Snider	other: Corporate Secretary	7507 SOUTH SANDUSKY AVENUE, TULSA OK 74136
Mark G Willner	officer: Chief Executive Officer	543 MONROE STREET, DENVER CO 80206