Cruz Battery Metals (XCNQ:CRUZ) Debt-to-EBITDA : -0.20 (As of Jan. 2024)

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What is Cruz Battery Metals Debt-to-EBITDA?

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

Cruz Battery Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.05 Mil. Cruz Battery Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.17 Mil. Cruz Battery Metals's annualized EBITDA for the quarter that ended in Jan. 2024 was C$-1.07 Mil. Cruz Battery Metals's annualized Debt-to-EBITDA for the quarter that ended in Jan. 2024 was -0.20.

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 Cruz Battery Metals's Debt-to-EBITDA or its related term are showing as below:

XCNQ:CRUZ' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.39 Med: -0.29 Max: -0.12
Current: -0.18

During the past 13 years, the highest Debt-to-EBITDA Ratio of Cruz Battery Metals was -0.12. The lowest was -0.39. And the median was -0.29.

XCNQ:CRUZ's Debt-to-EBITDA is ranked worse than
100% of 539 companies
in the Metals & Mining industry
Industry Median: 1.98 vs XCNQ:CRUZ: -0.18

Cruz Battery Metals Debt-to-EBITDA Historical Data

The historical data trend for Cruz Battery Metals'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.

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Cruz Battery Metals Debt-to-EBITDA Chart

Cruz Battery Metals Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Debt-to-EBITDA

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-0.39

-0.19

-0.12

Cruz Battery Metals Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-EBITDA	Get a 7-Day Free Trial															-0.08	-0.18	-0.23	-0.17	-0.20

Competitive Comparison of Cruz Battery Metals's Debt-to-EBITDA

For the Other Industrial Metals & Mining subindustry, Cruz Battery Metals'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.

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

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

* The bar in red indicates where Cruz Battery Metals's Debt-to-EBITDA falls into.

Cruz Battery Metals Debt-to-EBITDA Calculation

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

Cruz Battery Metals's Debt-to-EBITDA for the fiscal year that ended in Jul. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.048	+	0.19)	/	-1.938
	=	-0.12

Cruz Battery Metals's annualized Debt-to-EBITDA for the quarter that ended in Jan. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.048	+	0.167)	/	-1.072
	=	-0.20

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 (Jan. 2024) EBITDA data.

Cruz Battery Metals (XCNQ:CRUZ) 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.

Cruz Battery Metals Debt-to-EBITDA Related Terms

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

Cruz Battery Metals (XCNQ:CRUZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cruz Battery Metals Corp (XCNQ:CRUZ) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

BKTPF:USA BR00:Germany

Address

700 West Georgia Street, Suite 2905, Vancouver, BC, CAN, V7Y1K8

Website

https://www.cruzbatterymetals.com

Cruz Battery Metals Corp is an exploration company. Its principal business activities include acquiring and developing high-quality battery metals projects in ethical mining jurisdictions, essential for the rechargeable battery and renewable energy sectors. The projects of the company include War Eagle Cobalt, Diamond Project, Hector Cobalt Prospect, Other Cobalt Prospects, Yukon Quartz Claims, Idaho Cobal Belt Project, Idaho Star Cobalt Prospect, Nevada Clayton Valley W. Lithium Property, and Nevada Solar Lithium Project. The company operates in USA and Canada.