New Momentum (New Momentum) Debt-to-EBITDA : -0.25 (As of Dec. 2023)

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What is New Momentum Debt-to-EBITDA?

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

New Momentum's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.10 Mil. New Momentum's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. New Momentum's annualized EBITDA for the quarter that ended in Dec. 2023 was $-0.41 Mil. New Momentum's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -0.25.

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 New Momentum's Debt-to-EBITDA or its related term are showing as below:

NNAX' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1.4 Med: -0.24 Max: -0.01
Current: -0.37

During the past 5 years, the highest Debt-to-EBITDA Ratio of New Momentum was -0.01. The lowest was -1.40. And the median was -0.24.

NNAX's Debt-to-EBITDA is ranked worse than
100% of 623 companies
in the Travel & Leisure industry
Industry Median: 2.81 vs NNAX: -0.37

New Momentum Debt-to-EBITDA Historical Data

The historical data trend for New Momentum'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.

New Momentum Debt-to-EBITDA Chart

New Momentum Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

-0.01

-0.10

-1.40

-0.37

New Momentum Quarterly Data
	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														-0.88	-1.92	-0.75	-1.91	-0.25

Competitive Comparison of New Momentum's Debt-to-EBITDA

For the Travel Services subindustry, New Momentum'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.

New Momentum's Debt-to-EBITDA Distribution in the Travel & Leisure Industry

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

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

New Momentum Debt-to-EBITDA Calculation

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

New Momentum'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
	=	(0.101	+	0)	/	-0.273
	=	-0.37

New Momentum'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
	=	(0.101	+	0)	/	-0.408
	=	-0.25

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.

New Momentum (OTCPK:NNAX) 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.

New Momentum Debt-to-EBITDA Related Terms

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

New Momentum (New Momentum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » New Momentum Corp (OTCPK:NNAX) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

150 Cecil Street, No.08-01, Singapore, SGP, 069543

Website

https://www.gagfare.com

New Momentum Corp develops and operates an online ticketing platform named Gagfare.com, which provides a ticketing system for individuals and agencies to search, book, and issue flight tickets and other services. It also offers its services through its app. The company records its revenue from booking income upon the ticket booking service is rendered to travelers. It also records its revenue from the sale of air tickets upon the confirmation and issuance of tickets to the travelers.

Executives

Leung Tin Lung David	director, 10 percent owner, officer: President, Sec. and Treasurer	112 NORTH CURRY STREET, CARSON CITY NV 89703
Kin Hon Chu	director, 10 percent owner	UNIT 19, 35/F., TOWER 1, MILLENNIUM CITY 1, NO. 388 KWUN TONG ROA, KWUN TONG, KOWLOON K3 00000
Michael Vardakis	director	234 7TH AVE, SALT LAKE CITY UT 84103
Amee Han Lombardi	director, 10 percent owner, officer: Pres; Sec; Treasurer	5925 STARCREST AVENUE, RENO NV 89523

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