Veltex (Veltex) Debt-to-EBITDA : 4.43 (As of Jun. 2023)

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What is Veltex Debt-to-EBITDA?

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

Veltex's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $1.77 Mil. Veltex's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.00 Mil. Veltex's annualized EBITDA for the quarter that ended in Jun. 2023 was $0.40 Mil. Veltex's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 was 4.43.

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

VLXC' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -2.33 Med: -0.31 Max: -0.25
Current: -2.1

During the past 3 years, the highest Debt-to-EBITDA Ratio of Veltex was -0.25. The lowest was -2.33. And the median was -0.31.

VLXC's Debt-to-EBITDA is ranked worse than
100% of 423 companies
in the Healthcare Providers & Services industry
Industry Median: 2.61 vs VLXC: -2.10

Veltex Debt-to-EBITDA Historical Data

The historical data trend for Veltex'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.

Veltex Debt-to-EBITDA Chart

Veltex Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-EBITDA

-0.25

-0.31

-2.33

Veltex Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial			-1.30	-0.72	-0.86	4.43	N/A

Competitive Comparison of Veltex's Debt-to-EBITDA

For the Medical Care Facilities subindustry, Veltex'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.

Veltex's Debt-to-EBITDA Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Veltex's Debt-to-EBITDA distribution charts can be found below:

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

Veltex Debt-to-EBITDA Calculation

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

Veltex'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
	=	(2.185	+	0)	/	-0.938
	=	-2.33

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

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(1.772	+	0)	/	0.4
	=	4.43

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 four times the quarterly (Jun. 2023) EBITDA data.

Veltex (OTCPK:VLXC) 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.

Veltex Debt-to-EBITDA Related Terms

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

Veltex (Veltex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Veltex Corp (OTCPK:VLXC) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

123 West Madison Street, Suite 1500, Chicago, IL, USA, 60602

Website

https://www.veltex.com

Veltex Corp is a United States-based holding company. The company is engaged in the development and acquisition of companies that have established or advanced the latest modalities in the areas of health, wellness, and recovery. Its market includes rehab centres and treatment centres. The company also acquires real estate properties.