GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ECN Capital Corp (OTCPK:ECNCF) » Definitions » Debt-to-EBITDA

ECN Capital (ECN Capital) Debt-to-EBITDA : -11.59 (As of Dec. 2023)


View and export this data going back to 2016. Start your Free Trial

What is ECN Capital Debt-to-EBITDA?

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

ECN Capital's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. ECN Capital's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $917.7 Mil. ECN Capital's annualized EBITDA for the quarter that ended in Dec. 2023 was $-79.2 Mil. ECN Capital's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -11.59.

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

ECNCF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -34.05   Med: 7.54   Max: 27.73
Current: -20.45

During the past 11 years, the highest Debt-to-EBITDA Ratio of ECN Capital was 27.73. The lowest was -34.05. And the median was 7.54.

ECNCF's Debt-to-EBITDA is ranked worse than
100% of 32 companies
in the Banks industry
Industry Median: 10.23 vs ECNCF: -20.45

ECN Capital Debt-to-EBITDA Historical Data

The historical data trend for ECN Capital'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.

ECN Capital Debt-to-EBITDA Chart

ECN Capital Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.19 22.81 -27.63 27.73 -20.46

ECN Capital Quarterly Data
Mar19 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.41 -159.44 -22.46 -16.34 -11.59

Competitive Comparison of ECN Capital's Debt-to-EBITDA

For the Mortgage Finance subindustry, ECN Capital'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.


ECN Capital's Debt-to-EBITDA Distribution in the Banks Industry

For the Banks industry and Financial Services sector, ECN Capital's Debt-to-EBITDA distribution charts can be found below:

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



ECN Capital Debt-to-EBITDA Calculation

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

ECN Capital'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 + 917.699) / -44.845
=-20.46

ECN Capital'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 + 917.699) / -79.192
=-11.59

* 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.

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.


ECN Capital  (OTCPK:ECNCF) 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.


ECN Capital Debt-to-EBITDA Related Terms

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


ECN Capital (ECN Capital) Business Description

Traded in Other Exchanges
Address
161 Bay Street, Suite 2800, Toronto, ON, CAN, M5J2S1
ECN Capital Corp is a financial business service provider. The group originates, manages, and advises on credit assets on behalf of its partners, specifically consumer loans and commercial loans. The company's operating segment includes Manufactured Housing Finance, and Recreational Vehicle and Marine (RV and Marine) Finance.