Hall Of Fame Resort & Entertainment Co (Hall Of Fame Resort & Entertainment Co) Debt-to-EBITDA : -5.47 (As of Dec. 2023)

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What is Hall Of Fame Resort & Entertainment Co Debt-to-EBITDA?

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

Hall Of Fame Resort & Entertainment Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Hall Of Fame Resort & Entertainment Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $222.97 Mil. Hall Of Fame Resort & Entertainment Co's annualized EBITDA for the quarter that ended in Dec. 2023 was $-40.75 Mil. Hall Of Fame Resort & Entertainment Co's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -5.47.

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 Hall Of Fame Resort & Entertainment Co's Debt-to-EBITDA or its related term are showing as below:

HOFV' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -7.77 Med: -7.12 Max: -1.41
Current: -7.12

During the past 5 years, the highest Debt-to-EBITDA Ratio of Hall Of Fame Resort & Entertainment Co was -1.41. The lowest was -7.77. And the median was -7.12.

HOFV's Debt-to-EBITDA is ranked worse than
100% of 681 companies
in the Media - Diversified industry
Industry Median: 1.68 vs HOFV: -7.12

Hall Of Fame Resort & Entertainment Co Debt-to-EBITDA Historical Data

The historical data trend for Hall Of Fame Resort & Entertainment 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.

Hall Of Fame Resort & Entertainment Co Debt-to-EBITDA Chart

Hall Of Fame Resort & Entertainment Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

-7.40

-5.40

-1.41

-7.77

-7.12

Hall Of Fame Resort & Entertainment Co Quarterly Data
	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														-3.85	-3.96	-10.72	-12.37	-5.47

Competitive Comparison of Hall Of Fame Resort & Entertainment Co's Debt-to-EBITDA

For the Entertainment subindustry, Hall Of Fame Resort & Entertainment 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.

Hall Of Fame Resort & Entertainment Co's Debt-to-EBITDA Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Hall Of Fame Resort & Entertainment Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Hall Of Fame Resort & Entertainment Co's Debt-to-EBITDA falls into.

Hall Of Fame Resort & Entertainment Co Debt-to-EBITDA Calculation

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

Hall Of Fame Resort & Entertainment 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	+	222.974)	/	-31.33
	=	-7.12

Hall Of Fame Resort & Entertainment 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	+	222.974)	/	-40.752
	=	-5.47

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.

Hall Of Fame Resort & Entertainment Co (NAS:HOFV) 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.

Hall Of Fame Resort & Entertainment Co Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Hall Of Fame Resort & Entertainment Co's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

Hall Of Fame Resort & Entertainment Co (Hall Of Fame Resort & Entertainment Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Hall Of Fame Resort & Entertainment Co (NAS:HOFV) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

2626 Fulton Drive NW, Canton, OH, USA, 44718

Website

https://www.hofreco.com

Hall Of Fame Resort & Entertainment Co operates as a holding company. The firm is a sports, entertainment, and media company. It generates revenues from various streams such as sponsorship agreements, rents, cost recoveries, events, hotel operation, Hall of Fantasy League, and through the sale of media assets.

Executives

Buiten John Van	officer: VP of Accounting/Controller	C/O JAY PHARMA INC., 4851 TAMIAMI TRAIL N, SUITE 200, NAPLES FL 34103
Jerome Bettis	director	2870 PEACHTREE RD NW, SUITE 509, ATLANTA GA 30305
Michael Anthony Crawford	director, officer: President and CEO	C/O HALL OF FAME RESORT & ENTERTAIN CO, 2626 FULTON AVE NW, CANTON OH 44718
Michael S Levy	officer: President of Operations	C/O HALL OF FAME RESORT & ENTERTAIN CO, 2626 FULTON AVE NW, CANTON OH 44718
Marcus Lemarr Allen	director	HALL OF FAME RESORT & ENTERTAINMENT CO, 2626 FULTON AVE NW, CANTON OH 44708
Teri Wagner Flynn	director	C/O HALL OF FAME RESORT & ENTERTAIN CO, 2626 FULTON DRIVE NW, CANTON OH 44718
Victor S. Gregovits	officer: EVP of Sales & Marketing	C/O HALL OF FAME RESORT & ENTERTAIN CO, 2626 FULTON DRIVE NW, CANTON OH 44718
Benjamin J Lee	officer: Chief Financial Officer	2626 FULTON DRIVE, NW, C/O HALL OF FAME RESORT & ENTERTAIN CO, CANTON OH 44718
Karl Holz	director	C/O HALL OF FAME RESORT & ENTERTAIN CO, 2626 FULTON AVE NW, CANTON OH 44718
Mary Owen	director	C/O HALL OF FAME RESORT & ENTERTAIN CO, 2626 FULTON AVE NW, CANTON OH 44718
James J. Dolan	director	C/O TRISTATE CAPITAL HOLDINGS, INC., ONE OXFORD CENTRE, SUITE 2700, PITTSBURGH PA 15219
Stuart Lichter	director	631 PASEO DE LA PLAYA, REDONDO BEACH CA 90277
Anthony J. Buzzelli	director	C/O TRISTATE CAPITAL HOLDINGS, INC, ONE OXFORD CENTRE, SUITE 2700, PITTSBURGH PA 15219
Kimberly Schaefer	director	C/O SEAWORLD ENTERTAINMENT, INC., 6240 SEA HARBOR DR, ORLANDO FL 32821
Erica Muhleman	officer: EVP of New Bus. Dev./Marketing	2626 FULTON DRIVE NW, CANTON OH 44718