Xerox Holdings (LTS:0A6Y) Debt-to-EBITDA : -13.86 (As of Mar. 2024)

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What is Xerox Holdings Debt-to-EBITDA?

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

Xerox Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $405 Mil. Xerox Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $3,199 Mil. Xerox Holdings's annualized EBITDA for the quarter that ended in Mar. 2024 was $-260 Mil. Xerox Holdings's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was -13.86.

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

LTS:0A6Y' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -92.57 Med: 4.56 Max: 109.86
Current: 57.21

During the past 13 years, the highest Debt-to-EBITDA Ratio of Xerox Holdings was 109.86. The lowest was -92.57. And the median was 4.56.

LTS:0A6Y's Debt-to-EBITDA is ranked worse than
99% of 1601 companies
in the Software industry
Industry Median: 1.04 vs LTS:0A6Y: 57.21

Xerox Holdings Debt-to-EBITDA Historical Data

The historical data trend for Xerox Holdings'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.

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Xerox Holdings Debt-to-EBITDA Chart

Xerox Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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3.42

6.70

-92.57

109.86

11.89

Xerox Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-EBITDA	Get a 7-Day Free Trial															5.03	-51.93	6.45	288.25	-13.86

Competitive Comparison of Xerox Holdings's Debt-to-EBITDA

For the Information Technology Services subindustry, Xerox Holdings'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.

Xerox Holdings's Debt-to-EBITDA Distribution in the Software Industry

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

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

Xerox Holdings Debt-to-EBITDA Calculation

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

Xerox Holdings'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
	=	(608	+	2851)	/	291
	=	11.89

Xerox Holdings'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
	=	(405	+	3199)	/	-260
	=	-13.86

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.

Xerox Holdings (LTS:0A6Y) 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.

Xerox Holdings Debt-to-EBITDA Related Terms

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

Xerox Holdings (LTS:0A6Y) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Xerox Holdings Corp (LTS:0A6Y) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

XRX:USA XER2:Germany XRXB34:Brazil XRX:Argentina

Address

201 Merritt 7, P.O. Box 4505, Norwalk, CT, USA, 06851-1056

Website

https://www.xerox.com

Xerox Holdings Corp is an original equipment manufacturing and software company. Xerox operates in one segment--design, development, and sale of printing technology and related solutions--while deriving 60% of its revenue from the U.S. and 40% from international markets. The company is an OEM of multifunction printers, or MFPs (printers that can print, copy, and scan), focusing on large enterprise markets. Apart from equipment, the company provides post-sales services like managed print services--a service that helps to bring smart servicing and efficiencies to how employers use their print/copy equipment. Xerox is attempting to enter new markets like digital print packaging solutions and printed electronics.

Xerox Holdings (LTS:0A6Y) Headlines

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