Ondine Biomedical (LSE:OBI) Debt-to-EBITDA : -0.05 (As of Jun. 2023)

Ondine Biomedical Debt-to-EBITDA Chart

Ondine Biomedical Annual Data
	Trend	Dec07	Dec08	Dec09	Dec10	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Debt-to-EBITDA		Get a 7-Day Free Trial					-1.34	-2.23	-2.16	-0.02	-0.05

Ondine Biomedical Semi-Annual Data
	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-EBITDA	Get a 7-Day Free Trial															-4.29	-0.01	-0.04	-0.04	-0.05

Competitive Comparison of Ondine Biomedical's Debt-to-EBITDA

For the Biotechnology subindustry, Ondine Biomedical'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.

Ondine Biomedical's Debt-to-EBITDA Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Ondine Biomedical's Debt-to-EBITDA distribution charts can be found below:

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

Ondine Biomedical Debt-to-EBITDA Calculation

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

Ondine Biomedical's Debt-to-EBITDA for the fiscal year that ended in Dec. 2022 is calculated as

Ondine Biomedical's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 is calculated as

* 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.

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 (Jun. 2023) EBITDA data.

Ondine Biomedical  (LSE:OBI) 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.

Ondine Biomedical Debt-to-EBITDA Related Terms

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Ondine Biomedical (LSE:OBI) Business Description