Garden Stage (Garden Stage) Debt-to-EBITDA : -0.02 (As of Sep. 2023)

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What is Garden Stage Debt-to-EBITDA?

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

Garden Stage's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.03 Mil. Garden Stage's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Garden Stage's annualized EBITDA for the quarter that ended in Sep. 2023 was $-1.45 Mil. Garden Stage's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 was -0.02.

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

GSIW' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.4 Med: -0.32 Max: -0.11
Current: -0.11

During the past 3 years, the highest Debt-to-EBITDA Ratio of Garden Stage was -0.11. The lowest was -0.40. And the median was -0.32.

GSIW's Debt-to-EBITDA is ranked worse than
100% of 412 companies
in the Capital Markets industry
Industry Median: 1.565 vs GSIW: -0.11

Garden Stage Debt-to-EBITDA Historical Data

The historical data trend for Garden Stage'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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Garden Stage Debt-to-EBITDA Chart

Garden Stage Annual Data

Trend

Mar21

Mar22

Mar23

Debt-to-EBITDA

-0.25

-0.40

Garden Stage Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-EBITDA	Get a 7-Day Free Trial			-	-0.30	-0.08	0.08	-0.02

Competitive Comparison of Garden Stage's Debt-to-EBITDA

For the Capital Markets subindustry, Garden Stage'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.

Garden Stage's Debt-to-EBITDA Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Garden Stage's Debt-to-EBITDA distribution charts can be found below:

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

Garden Stage Debt-to-EBITDA Calculation

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

Garden Stage's Debt-to-EBITDA for the fiscal year that ended in Mar. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.07	+	0)	/	-0.177
	=	-0.40

Garden Stage'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
	=	(0.032	+	0)	/	-1.45
	=	-0.02

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.

Garden Stage (NAS:GSIW) 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.

Garden Stage Debt-to-EBITDA Related Terms

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

Garden Stage (Garden Stage) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Garden Stage Ltd (NAS:GSIW) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

141 Des Voeux Road Central, Room 201, 2/F, China Insurance Group Building, Hong Kong, HKG

Website

https://www.iwinsec.com

Garden Stage Ltd is a Hong Kong-based financial services provider principally engaged in the provision of placing and underwriting services; securities dealing and brokerage services; and asset management services. Its business is carried out through its wholly owned Operating Subsidiaries: a) I Win Securities, which is licensed to conduct Type 1 (dealing in securities) regulated activities under the SFO in Hong Kong, and b) I Win Asset Management, which is licensed to conduct Type 4 (advising on securities) and Type 9 (asset management) regulated activities under the SFO in Hong Kong.