BYND Cannasoft Enterprises (XCNQ:BYND) Debt-to-EBITDA : -0.01 (As of Mar. 2024)

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What is BYND Cannasoft Enterprises Debt-to-EBITDA?

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

BYND Cannasoft Enterprises's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.05 Mil. BYND Cannasoft Enterprises's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.03 Mil. BYND Cannasoft Enterprises's annualized EBITDA for the quarter that ended in Mar. 2024 was C$-6.59 Mil. BYND Cannasoft Enterprises's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was -0.01.

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 BYND Cannasoft Enterprises's Debt-to-EBITDA or its related term are showing as below:

XCNQ:BYND' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.38 Med: -0.08 Max: -0.01
Current: -0.01

During the past 3 years, the highest Debt-to-EBITDA Ratio of BYND Cannasoft Enterprises was -0.01. The lowest was -0.38. And the median was -0.08.

XCNQ:BYND's Debt-to-EBITDA is ranked worse than
100% of 1608 companies
in the Software industry
Industry Median: 1.06 vs XCNQ:BYND: -0.01

BYND Cannasoft Enterprises Debt-to-EBITDA Historical Data

The historical data trend for BYND Cannasoft Enterprises'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.

BYND Cannasoft Enterprises Debt-to-EBITDA Chart

BYND Cannasoft Enterprises Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-EBITDA

-0.38

-0.08

-0.02

BYND Cannasoft Enterprises Quarterly Data
	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-EBITDA	Get a 7-Day Free Trial											-0.05	-0.02	-0.02	-0.01	-0.01

Competitive Comparison of BYND Cannasoft Enterprises's Debt-to-EBITDA

For the Software - Infrastructure subindustry, BYND Cannasoft Enterprises'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.

BYND Cannasoft Enterprises's Debt-to-EBITDA Distribution in the Software Industry

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

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

BYND Cannasoft Enterprises Debt-to-EBITDA Calculation

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

BYND Cannasoft Enterprises'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
	=	(0.047	+	0.038)	/	-5.163
	=	-0.02

BYND Cannasoft Enterprises's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.048	+	0.027)	/	-6.592
	=	-0.01

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 (Mar. 2024) EBITDA data.

BYND Cannasoft Enterprises (XCNQ:BYND) 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.

BYND Cannasoft Enterprises Debt-to-EBITDA Related Terms

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

BYND Cannasoft Enterprises (XCNQ:BYND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » BYND Cannasoft Enterprises Inc (XCNQ:BYND) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

BCAN:USA

Address

2264 East 11th Avenue, Vancouver, BC, CAN, V5N 1Z6

Website

https://cannasoft-crm.com

BYND Cannasoft Enterprises Inc is engaged in the continued development of its new Benefit CRM and Cannabis CRM Platform along with construction, licensing, and operation of the Cannabis Farm and indoor cannabis growing facility.