Alliance NickelASX:AXN +11.11% Debt-to-EBITDA is -8.66 as of Dec. 2025. The stock has 3 warning signs investors should review. Among 591 Metals & Mining companies, Alliance Nickel ranks worse than 169204.57% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
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 Alliance Nickel's Debt-to-EBITDA or its related term are showing as below:
ASX:AXN'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -3.84 Med: -0.12 Max: -0.02
Current: -3.84
During the past 13 years, the highest Debt-to-EBITDA Ratio of Alliance Nickel was -0.02. The lowest was -3.84. And the median was -0.12.
ASX:AXN's Debt-to-EBITDA is ranked worse than 100% of 591
companies
in the Metals & Mining industry
Industry Median: 1.23
vs ASX:AXN: -3.84
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.
Alliance Nickel Debt-to-EBITDA Related Terms
Alliance Nickel Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Alliance Nickel'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.
For the Other Industrial Metals & Mining subindustry, Alliance Nickel'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.
Alliance Nickel Debt-to-EBITDA vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Alliance Nickel's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Alliance Nickel's Debt-to-EBITDA falls into.
* 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 (Dec. 2025) EBITDA data.
Alliance Nickel (ASX:AXN) has a Debt-to-EBITDA of -8.66 as of Dec. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Alliance Nickel. According to the industry distribution chart, Alliance Nickel ranks #999999 out of 591 companies in the Metals & Mining industry.
Is Alliance Nickel's Debt-to-EBITDA too high?
Alliance Nickel's current Debt-to-EBITDA is -8.66. Based on the distribution chart, Alliance Nickel ranks #999999 out of 591 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers.
How does Alliance Nickel's Debt-to-EBITDA compare to competitors?
According to the Metals & Mining industry distribution chart, Alliance Nickel ranks #999999 out of 591 companies for Debt-to-EBITDA. This places Alliance Nickel in the lower half of its industry. The industry median Debt-to-EBITDA is 1.23. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Metals & Mining company?
The median Debt-to-EBITDA among Metals & Mining companies is 1.23, based on 591 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Alliance Nickel. For the Metals & Mining industry, the median Debt-to-EBITDA is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alliance Nickel's current Debt-to-EBITDA is -8.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alliance Nickel stock overvalued right now?
Alliance Nickel (ASX:AXN) has a current Debt-to-EBITDA of -8.66. The current Debt-to-EBITDA is -8.66. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Alliance Nickel (ASX:AXN), the current Debt-to-EBITDA is -8.66 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Alliance Nickel Ltd is an exploration and development company with nickel, cobalt, and gold interests in Western Australia. Alliance's principal asset is its wholly owned NiWest Nickel Cobalt Project situated adjacent to Glencore's Murrin Murrin Operations. The company has completed a Pre-Feasibility Study, which has confirmed the technical and economic viability of a heap leach and direct solvent extraction operation at undeveloped nickel/cobalt deposits in Australia.
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