Sure Global Tech Co (SAU:9550) Debt-to-EBITDA : 0.03 (As of Dec. 2023)

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What is Sure Global Tech Co Debt-to-EBITDA?

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

Sure Global Tech Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼0.2 Mil. Sure Global Tech Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼0.7 Mil. Sure Global Tech Co's annualized EBITDA for the quarter that ended in Dec. 2023 was ﷼29.6 Mil. Sure Global Tech Co's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.03.

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 Sure Global Tech Co's Debt-to-EBITDA or its related term are showing as below:

SAU:9550' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.03 Med: 0.03 Max: 0.09
Current: 0.03

During the past 3 years, the highest Debt-to-EBITDA Ratio of Sure Global Tech Co was 0.09. The lowest was 0.03. And the median was 0.03.

SAU:9550's Debt-to-EBITDA is ranked better than
97.14% of 1609 companies
in the Software industry
Industry Median: 1.04 vs SAU:9550: 0.03

Sure Global Tech Co Debt-to-EBITDA Historical Data

The historical data trend for Sure Global Tech Co'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.

Sure Global Tech Co Debt-to-EBITDA Chart

Sure Global Tech Co Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-EBITDA

0.09

0.03

Sure Global Tech Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	N/A	-	0.03	0.02	0.03

Competitive Comparison of Sure Global Tech Co's Debt-to-EBITDA

For the Information Technology Services subindustry, Sure Global Tech Co'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.

Sure Global Tech Co's Debt-to-EBITDA Distribution in the Software Industry

For the Software industry and Technology sector, Sure Global Tech Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Sure Global Tech Co's Debt-to-EBITDA falls into.

Sure Global Tech Co Debt-to-EBITDA Calculation

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

Sure Global Tech Co'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
	=	(0.237	+	0.73)	/	33.77
	=	0.03

Sure Global Tech Co'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
	=	(0.237	+	0.73)	/	29.622
	=	0.03

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 (Dec. 2023) EBITDA data.

Sure Global Tech Co (SAU:9550) 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.

Sure Global Tech Co Debt-to-EBITDA Related Terms

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

Sure Global Tech Co (SAU:9550) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sure Global Tech Co (SAU:9550) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

Imam Saud bin Abdulaziz bin Mohammed Road, P.O. Box 301334, Riyadh, SAU, 12281

Website

https://www.sure.com.sa

Sure Global Tech Co provides technological and consultative solutions for public and private organizations. It provides services of software development, infrastructure, support, and operation along with digital transformation consultations and other SME-oriented products. The group's operational segments include Infrastructure, Managed services, Professional services, and products. The majority of its revenue derives from infrastructure services that include the sale of licenses and devices.

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