Galaxy Gaming (Galaxy Gaming) Debt-to-EBITDA : 6.21 (As of Dec. 2023)

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What is Galaxy Gaming Debt-to-EBITDA?

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

Galaxy Gaming's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.12 Mil. Galaxy Gaming's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $53.78 Mil. Galaxy Gaming's annualized EBITDA for the quarter that ended in Dec. 2023 was $8.84 Mil. Galaxy Gaming's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 6.21.

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

GLXZ' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.83 Med: 5.48 Max: 126.96
Current: 5.57

During the past 13 years, the highest Debt-to-EBITDA Ratio of Galaxy Gaming was 126.96. The lowest was 1.83. And the median was 5.48.

GLXZ's Debt-to-EBITDA is ranked worse than
72% of 625 companies
in the Travel & Leisure industry
Industry Median: 2.78 vs GLXZ: 5.57

Galaxy Gaming Debt-to-EBITDA Historical Data

The historical data trend for Galaxy Gaming'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.

Galaxy Gaming Debt-to-EBITDA Chart

Galaxy Gaming Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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8.26

126.96

8.07

6.22

5.57

Galaxy Gaming 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															4.40	4.60	4.29	9.04	6.21

Competitive Comparison of Galaxy Gaming's Debt-to-EBITDA

For the Gambling subindustry, Galaxy Gaming'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.

Galaxy Gaming's Debt-to-EBITDA Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Galaxy Gaming's Debt-to-EBITDA distribution charts can be found below:

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

Galaxy Gaming Debt-to-EBITDA Calculation

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

Galaxy Gaming'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
	=	(1.123	+	53.782)	/	9.853
	=	5.57

Galaxy Gaming'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
	=	(1.123	+	53.782)	/	8.844
	=	6.21

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.

Galaxy Gaming (OTCPK:GLXZ) 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.

Galaxy Gaming Debt-to-EBITDA Related Terms

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

Galaxy Gaming (Galaxy Gaming) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Galaxy Gaming Inc (OTCPK:GLXZ) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

6480 Cameron Street, Suite 305, Las Vegas, NV, USA, 89118

Website

https://www.galaxygaming.com

Galaxy Gaming Inc develops, acquires, assembles, and markets technology and entertainment-based products and services for the gaming industry for placement on casino floors and on legal internet gaming sites. Its products and services are related to licensed casino operators' table game activities and focus on either increasing profitability, productivity, and security or expanding gaming entertainment offerings in the form of proprietary table games, electronically enhanced table game platforms, and fully automated electronic tables and other ancillary equipment. In addition, it licenses intellectual property to legal internet gaming operators. Its products are assembled at headquarters in Las Vegas, Nevada, as well as outsourced for certain sub-assemblies in the United States.

Executives

Hagerty Harry C Iii	officer: CFO	6767 SPENCER STREET, LAS VEGAS NV 89119
Meredith B. Brill	director	52 HILLHURST BLVD, TORONTO A6 M5N 1N6
Cheryl Kondra	director	6480 CAMERON STREET, SUITE 305, LAS VEGAS NV 89118
Mark A Lipparelli	director	6595 S JONES BLVD, LAS VEGAS, NV, USA NV 89118
Todd P Cravens	officer: CEO	6767 SPENCER STREET, LAS VEGAS NV 89119
Michael Gavin Isaacs	director	BALLY TECHNOLOGIES, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
William A Zender	director	296 DOE RUN CIRCLE, HENDERSON NV 89012
Bryan W. Waters	director	240 MONTE VISTA RIDGE ROAD, ORINDA CA 94563
Norman H Desrosiers	director	6987 VINNEDGE LANE, #119, HIGHLAND NV 92346
Triangulum Partners, Llc.	10 percent owner	6767 SPENCER ST, LAS VEGAS NV 89119
Robert B. Saucier	director, 10 percent owner, officer: CEO, CFO	6980 O'BANNON DRIVE, LAS VEGAS NV 89117
Gary Anthony Vecchiarelli	officer: Chief Financial Officer	6980 OBANNON DRIVE, LAS VEGAS NV 89117
Alixandra Saucier Regulatory Trust	other: Affiliated Trust	698O O'BANNON DRIVE, LAS VEGAS NV 89117
William E O'hara	officer: COO	6980 O'BANNON DRIVE, LAS VEGAS NV 89117
Patrick Mcnevin	director	5205 E. LINCOLN DR., PARADISE VALLEY AZ 85253