True North Copper (ASX:TNC) Debt-to-EBITDA : -0.40 (As of Dec. 2023)

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What is True North Copper Debt-to-EBITDA?

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

True North Copper's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$9.88 Mil. True North Copper's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.29 Mil. True North Copper's annualized EBITDA for the quarter that ended in Dec. 2023 was A$-25.48 Mil. True North Copper's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -0.40.

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 True North Copper's Debt-to-EBITDA or its related term are showing as below:

ASX:TNC' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.22 Med: -0.01 Max: -0.01
Current: -0.22

During the past 4 years, the highest Debt-to-EBITDA Ratio of True North Copper was -0.01. The lowest was -0.22. And the median was -0.01.

ASX:TNC's Debt-to-EBITDA is ranked worse than
100% of 528 companies
in the Metals & Mining industry
Industry Median: 1.98 vs ASX:TNC: -0.22

True North Copper Debt-to-EBITDA Historical Data

The historical data trend for True North Copper'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.

True North Copper Debt-to-EBITDA Chart

True North Copper Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Debt-to-EBITDA

N/A

-0.01

True North Copper Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial			-	-	-	-0.01	-0.40

Competitive Comparison of True North Copper's Debt-to-EBITDA

For the Copper subindustry, True North Copper'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.

True North Copper's Debt-to-EBITDA Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, True North Copper's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where True North Copper's Debt-to-EBITDA falls into.

True North Copper Debt-to-EBITDA Calculation

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

True North Copper'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
	=	(0.078	+	0.328)	/	-33.805
	=	-0.01

True North Copper'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
	=	(9.881	+	0.285)	/	-25.476
	=	-0.40

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.

True North Copper (ASX:TNC) 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.

True North Copper Debt-to-EBITDA Related Terms

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

True North Copper (ASX:TNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » True North Copper Ltd (ASX:TNC) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

46-48 Sheridan Street, PO Box 3006, Level 9, Citi Central Tower, Cairns, QLD, AUS, 4870

Website

https://www.truenorthcopper.com.au

True North Copper Ltd is a mining and exploration company. The company mainly explores copper and cobalt projects located in Cloncurry and Mt Oxide. It has having only one reportable segment, being exploration, development and operations for minerals.