Spartan Acquisition III (Spartan Acquisition III) Debt-to-EBITDA : 0.00 (As of Sep. 2021)

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What is Spartan Acquisition III Debt-to-EBITDA?

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

Spartan Acquisition III's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2021 was $0.00 Mil. Spartan Acquisition III's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2021 was $0.00 Mil. Spartan Acquisition III's annualized EBITDA for the quarter that ended in Sep. 2021 was $-9.90 Mil. Spartan Acquisition III's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2021 was 0.00.

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 Spartan Acquisition III's Debt-to-EBITDA or its related term are showing as below:

SPAQ.WS's Debt-to-EBITDA is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 4.07
* Ranked among companies with meaningful Debt-to-EBITDA only.

Spartan Acquisition III Debt-to-EBITDA Historical Data

The historical data trend for Spartan Acquisition III'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.

Spartan Acquisition III Debt-to-EBITDA Chart

Spartan Acquisition III Annual Data

Trend

Dec20

Debt-to-EBITDA

N/A

Spartan Acquisition III Quarterly Data
	Dec20	Mar21	Jun21	Sep21
Debt-to-EBITDA	N/A	-	-	-

Competitive Comparison of Spartan Acquisition III's Debt-to-EBITDA

For the Shell Companies subindustry, Spartan Acquisition III'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.

Spartan Acquisition III's Debt-to-EBITDA Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Spartan Acquisition III's Debt-to-EBITDA distribution charts can be found below:

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

Spartan Acquisition III Debt-to-EBITDA Calculation

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

Spartan Acquisition III's Debt-to-EBITDA for the fiscal year that ended in Dec. 2020 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0	+	0)	/	N/A
	=	N/A

Spartan Acquisition III's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2021 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0	+	0)	/	-9.896
	=	0.00

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 (Sep. 2021) EBITDA data.

Spartan Acquisition III (NYSE:SPAQ.WS) 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.

Spartan Acquisition III Debt-to-EBITDA Related Terms

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