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G2 Goldfields (TSX:GTWO) Debt-to-EBITDA : 0.00 (As of Feb. 2024)


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What is G2 Goldfields Debt-to-EBITDA?

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

G2 Goldfields's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil. G2 Goldfields's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil. G2 Goldfields's annualized EBITDA for the quarter that ended in Feb. 2024 was C$-2.99 Mil. G2 Goldfields's annualized Debt-to-EBITDA for the quarter that ended in Feb. 2024 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 G2 Goldfields's Debt-to-EBITDA or its related term are showing as below:

TSX:GTWO'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.

G2 Goldfields Debt-to-EBITDA Historical Data

The historical data trend for G2 Goldfields'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.

G2 Goldfields Debt-to-EBITDA Chart

G2 Goldfields Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Debt-to-EBITDA
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G2 Goldfields Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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Competitive Comparison of G2 Goldfields's Debt-to-EBITDA

For the Gold subindustry, G2 Goldfields'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.


G2 Goldfields's Debt-to-EBITDA Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, G2 Goldfields's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where G2 Goldfields's Debt-to-EBITDA falls into.



G2 Goldfields Debt-to-EBITDA Calculation

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

G2 Goldfields's Debt-to-EBITDA for the fiscal year that ended in May. 2023 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0 + 0) / -4.377
=0.00

G2 Goldfields's annualized Debt-to-EBITDA for the quarter that ended in Feb. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0 + 0) / -2.988
=0.00

* 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 four times the quarterly (Feb. 2024) EBITDA data.


G2 Goldfields  (TSX:GTWO) 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.


G2 Goldfields Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of G2 Goldfields's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.


G2 Goldfields (TSX:GTWO) Business Description

Traded in Other Exchanges
Address
141 Adelaide Street West, Suite 1101, Toronto, ON, CAN, M5H 3L5
G2 Goldfields Inc is a Canada-based company engaged in the business of acquiring and exploring mineral properties. The company's project portfolio includes Sandy Lake Gold Project in Canada, Aremu / Oko Gold Project in Guyana, and Peters Mine in Guyana.
Executives
Patrick John Sheridan 10% Security Holder, Director, Senior Officer

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