Alvo Minerals (ASX:ALV) Debt-to-EBITDA : -0.01 (As of Jun. 2023)

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What is Alvo Minerals Debt-to-EBITDA?

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

Alvo Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.04 Mil. Alvo Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.02 Mil. Alvo Minerals's annualized EBITDA for the quarter that ended in Jun. 2023 was A$-5.31 Mil. Alvo Minerals's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 was -0.01.

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

ASX:ALV' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.02 Med: -0.01 Max: -0.01
Current: -0.01

During the past 3 years, the highest Debt-to-EBITDA Ratio of Alvo Minerals was -0.01. The lowest was -0.02. And the median was -0.01.

ASX:ALV's Debt-to-EBITDA is ranked worse than
100% of 532 companies
in the Metals & Mining industry
Industry Median: 2.04 vs ASX:ALV: -0.01

Alvo Minerals Debt-to-EBITDA Historical Data

The historical data trend for Alvo 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.

Alvo Minerals Debt-to-EBITDA Chart

Alvo Minerals Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-EBITDA

-0.02

-0.01

Alvo Minerals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	N/A	-	-0.01	-0.01	-0.01

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

For the Other Precious Metals & Mining subindustry, Alvo 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.

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

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

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

Alvo Minerals Debt-to-EBITDA Calculation

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

Alvo 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
	=	(0.032	+	0)	/	-5.386
	=	-0.01

Alvo Minerals's annualized Debt-to-EBITDA for the quarter 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
	=	(0.038	+	0.017)	/	-5.312
	=	-0.01

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 (Jun. 2023) EBITDA data.

Alvo Minerals (ASX:ALV) 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.

Alvo Minerals Debt-to-EBITDA Related Terms

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

Alvo Minerals (ASX:ALV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alvo Minerals Ltd (ASX:ALV) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

96-100 Albert Road, Level 4, South Melbourne, VIC, AUS, 3205

Website

https://www.alvo.com.au

Alvo Minerals Ltd is an active critical minerals exploration company operating in the under-explored Palmeiropolis region of central Brazil. Alvo holds the Bluebush HREE Project and the Palma Cu-Zn VMS Project.