Ryde Group (Ryde Group) Debt-to-EBITDA : -0.43 (As of Dec. 2023)

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What is Ryde Group Debt-to-EBITDA?

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

Ryde Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.91 Mil. Ryde Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Ryde Group's annualized EBITDA for the quarter that ended in Dec. 2023 was $-9.02 Mil. Ryde Group's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -0.43.

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

RYDE' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1.67 Med: -0.59 Max: -0.43
Current: -0.43

During the past 3 years, the highest Debt-to-EBITDA Ratio of Ryde Group was -0.43. The lowest was -1.67. And the median was -0.59.

RYDE's Debt-to-EBITDA is ranked worse than
100% of 1616 companies
in the Software industry
Industry Median: 1.005 vs RYDE: -0.43

Ryde Group Debt-to-EBITDA Historical Data

The historical data trend for Ryde 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.

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Ryde Group Debt-to-EBITDA Chart

Ryde Group Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-EBITDA

-0.59

-1.67

-0.43

Ryde Group Semi-Annual Data
	Dec21	Dec22	Dec23
Debt-to-EBITDA	-0.59	-1.67	-0.43

Competitive Comparison of Ryde Group's Debt-to-EBITDA

For the Software - Application subindustry, Ryde 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.

Ryde Group's Debt-to-EBITDA Distribution in the Software Industry

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

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

Ryde Group Debt-to-EBITDA Calculation

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

Ryde 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
	=	(3.905	+	0)	/	-9.024
	=	-0.43

Ryde 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
	=	(3.905	+	0)	/	-9.024
	=	-0.43

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 one times the quarterly (Dec. 2023) EBITDA data.

Ryde Group (AMEX:RYDE) 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.

Ryde Group Debt-to-EBITDA Related Terms

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

Ryde Group (Ryde Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ryde Group Ltd (AMEX:RYDE) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 08-21, Duo Tower, 3 Fraser Street, Singapore, SGP, 189352

Website

https://www.rydesharing.com

Ryde Group Ltd is a company providing an super mobility app offering ultimate convenience and reliability for their customers through multiple mobility tools that can be accessed and function seamlessly out of a single app. The company operate in following segments such as being mobility where they provide on-demand and scheduled carpooling and ride-hailing services, matching riders to our driver partners; and quick commerce where they provide on-demand, scheduled, and multi-stop parcel delivery services.