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GreenRoc Mining (LSE:GROC) Debt-to-EBITDA : 0.00 (As of May. 2023)


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What is GreenRoc Mining Debt-to-EBITDA?

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

GreenRoc Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2023 was £0.00 Mil. GreenRoc Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2023 was £0.00 Mil. GreenRoc Mining's annualized EBITDA for the quarter that ended in May. 2023 was £-0.83 Mil. GreenRoc Mining's annualized Debt-to-EBITDA for the quarter that ended in May. 2023 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 GreenRoc Mining's Debt-to-EBITDA or its related term are showing as below:

LSE:GROC's Debt-to-EBITDA is not ranked *
in the Metals & Mining industry.
Industry Median: 1.98
* Ranked among companies with meaningful Debt-to-EBITDA only.

GreenRoc Mining Debt-to-EBITDA Historical Data

The historical data trend for GreenRoc Mining'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.

GreenRoc Mining Debt-to-EBITDA Chart

GreenRoc Mining Annual Data
Trend Nov21 Nov22
Debt-to-EBITDA
N/A -

GreenRoc Mining Semi-Annual Data
May22 Nov22 May23
Debt-to-EBITDA - - -

Competitive Comparison of GreenRoc Mining's Debt-to-EBITDA

For the Other Industrial Metals & Mining subindustry, GreenRoc Mining'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.


GreenRoc Mining's Debt-to-EBITDA Distribution in the Metals & Mining Industry

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

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



GreenRoc Mining Debt-to-EBITDA Calculation

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

GreenRoc Mining's Debt-to-EBITDA for the fiscal year that ended in Nov. 2022 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0 + 0) / -1.229
=0.00

GreenRoc Mining's annualized Debt-to-EBITDA for the quarter that ended in May. 2023 is calculated as

* 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.

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 (May. 2023) EBITDA data.


GreenRoc Mining  (LSE:GROC) 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.


GreenRoc Mining Debt-to-EBITDA Related Terms

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


GreenRoc Mining (LSE:GROC) Business Description

Traded in Other Exchanges
Address
60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR
GreenRoc Mining PLC operates principally as a holding company. Its activity includes activity is the exploration of and development of natural resources. Its projects include Thule Black Sands Ilmenite Project, the Amitsoq Graphite Project, the Melville Bay Iron Project, and the Inglefield Multi-Element Project which is located in Greenland.

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