Tietto Minerals (Tietto Minerals) Debt-to-EBITDA : 0.32 (As of Dec. 2023)

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What is Tietto Minerals Debt-to-EBITDA?

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

Tietto Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $13.0 Mil. Tietto Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. Tietto Minerals's annualized EBITDA for the quarter that ended in Dec. 2023 was $41.0 Mil. Tietto Minerals's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.32.

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 Tietto Minerals's Debt-to-EBITDA or its related term are showing as below:

TIETF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.01 Med: 0 Max: 0.47
Current: 0.47

During the past 6 years, the highest Debt-to-EBITDA Ratio of Tietto Minerals was 0.47. The lowest was -0.01. And the median was 0.00.

TIETF's Debt-to-EBITDA is ranked better than
78.28% of 534 companies
in the Metals & Mining industry
Industry Median: 1.98 vs TIETF: 0.47

Tietto Minerals Debt-to-EBITDA Historical Data

The historical data trend for Tietto Minerals'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.

Tietto Minerals Debt-to-EBITDA Chart

Tietto Minerals Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Dec23

Debt-to-EBITDA

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-0.01

0.47

Tietto Minerals Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial							-	-	-0.36	2.38	0.32

Competitive Comparison of Tietto Minerals's Debt-to-EBITDA

For the Gold subindustry, Tietto Minerals'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.

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

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

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

Tietto Minerals Debt-to-EBITDA Calculation

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

Tietto Minerals'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
	=	(12.99	+	0.007)	/	27.5
	=	0.47

Tietto Minerals'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
	=	(12.99	+	0.007)	/	40.984
	=	0.32

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.

Tietto Minerals (OTCPK:TIETF) 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.

Tietto Minerals Debt-to-EBITDA Related Terms

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

Tietto Minerals (Tietto Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tietto Minerals Ltd (OTCPK:TIETF) » Definitions » Debt-to-EBITDA

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Traded in Other Exchanges

TIE:Australia

Address

123B Collin Street, Unit 22, Perth, WA, AUS, 6005

Website

https://www.tietto.com

Tietto Minerals Ltd is a mineral exploration company with a main focus on gold in West Africa. It operates as four segments which are Administration Australia, Exploration Liberia, Exploration Cote d'Ivoire and Development Cote d'Ivoire. The projects include Dube South Project, Cestos Project, and Abujar Au Project.