Mt Malcolm Mines NL (ASX:M2M) Debt-to-EBITDA : -0.52 (As of Dec. 2023)

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What is Mt Malcolm Mines NL Debt-to-EBITDA?

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

Mt Malcolm Mines NL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.53 Mil. Mt Malcolm Mines NL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.04 Mil. Mt Malcolm Mines NL's annualized EBITDA for the quarter that ended in Dec. 2023 was A$-1.09 Mil. Mt Malcolm Mines NL's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -0.52.

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 Mt Malcolm Mines NL's Debt-to-EBITDA or its related term are showing as below:

ASX:M2M' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.48 Med: -0.07 Max: -0.06
Current: -0.48

During the past 2 years, the highest Debt-to-EBITDA Ratio of Mt Malcolm Mines NL was -0.06. The lowest was -0.48. And the median was -0.07.

ASX:M2M's Debt-to-EBITDA is ranked worse than
100% of 534 companies
in the Metals & Mining industry
Industry Median: 1.98 vs ASX:M2M: -0.48

Mt Malcolm Mines NL Debt-to-EBITDA Historical Data

The historical data trend for Mt Malcolm Mines NL'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.

Mt Malcolm Mines NL Debt-to-EBITDA Chart

Mt Malcolm Mines NL Annual Data

Trend

Jun22

Jun23

Debt-to-EBITDA

-0.08

-0.06

Mt Malcolm Mines NL Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	-0.07	-0.11	-0.12	-0.06	-0.52

Competitive Comparison of Mt Malcolm Mines NL's Debt-to-EBITDA

For the Gold subindustry, Mt Malcolm Mines NL'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.

Mt Malcolm Mines NL's Debt-to-EBITDA Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Mt Malcolm Mines NL's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Mt Malcolm Mines NL's Debt-to-EBITDA falls into.

Mt Malcolm Mines NL Debt-to-EBITDA Calculation

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

Mt Malcolm Mines NL's Debt-to-EBITDA for the fiscal year that ended in Jun. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.026	+	0.051)	/	-1.281
	=	-0.06

Mt Malcolm Mines NL'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
	=	(0.525	+	0.036)	/	-1.086
	=	-0.52

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 two times the quarterly (Dec. 2023) EBITDA data.

Mt Malcolm Mines NL (ASX:M2M) 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.

Mt Malcolm Mines NL Debt-to-EBITDA Related Terms

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

Mt Malcolm Mines NL (ASX:M2M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mt Malcolm Mines NL (ASX:M2M) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Sarich Court, Osborne Park, Perth, WA, AUS, 6017

Website

https://www.mtmalcolm.com.au

Mt Malcolm Mines NL is a gold-focused exploration company. Its key project is the Malcolm Project located in the Mt Malcolm District of the Mt Margaret Mineral Field in Western Australia. The firm is organised into two operating segments, which is corporate and exploration operations.

Mt Malcolm Mines NL (ASX:M2M) Headlines

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