Copper Search (ASX:CUS) Debt-to-EBITDA : -0.01 (As of Dec. 2023)

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What is Copper Search Debt-to-EBITDA?

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

Copper Search's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.03 Mil. Copper Search's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.05 Mil. Copper Search's annualized EBITDA for the quarter that ended in Dec. 2023 was A$-6.96 Mil. Copper Search's annualized Debt-to-EBITDA for the quarter that ended in Dec. 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 Copper Search's Debt-to-EBITDA or its related term are showing as below:

ASX:CUS' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.03 Med: -0.02 Max: -0.01
Current: -0.01

During the past 3 years, the highest Debt-to-EBITDA Ratio of Copper Search was -0.01. The lowest was -0.03. And the median was -0.02.

ASX:CUS's Debt-to-EBITDA is ranked worse than
100% of 529 companies
in the Metals & Mining industry
Industry Median: 1.98 vs ASX:CUS: -0.01

Copper Search Debt-to-EBITDA Historical Data

The historical data trend for Copper Search'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.

Copper Search Debt-to-EBITDA Chart

Copper Search Annual Data

Trend

Jun21

Jun22

Jun23

Debt-to-EBITDA

-0.03

-0.02

Copper Search Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial			-	-0.02	-0.06	-0.02	-0.01

Competitive Comparison of Copper Search's Debt-to-EBITDA

For the Other Precious Metals & Mining subindustry, Copper Search'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.

Copper Search's Debt-to-EBITDA Distribution in the Metals & Mining Industry

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

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

Copper Search Debt-to-EBITDA Calculation

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

Copper Search's Debt-to-EBITDA for the fiscal year 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
	=	(0.024	+	0.06)	/	-4.074
	=	-0.02

Copper Search'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
	=	(0.025	+	0.048)	/	-6.958
	=	-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 (Dec. 2023) EBITDA data.

Copper Search (ASX:CUS) 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.

Copper Search Debt-to-EBITDA Related Terms

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

Copper Search (ASX:CUS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Copper Search Ltd (ASX:CUS) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

21 Sydenham Road, Norwood, SA, AUS, 5067

Website

https://www.coppersearch.com.au

Copper Search Ltd is a minerals exploration company targeting copper-gold deposits within the Gawler Craton of South Australia. The assets are divided into four main project areas: the Peake and Denison, and Ruby Hill Projects contain known copper occurrences, and the Billa Kalina projects; the Peake and Denison and Ruby Hill Projects have anomalous gold occurrences.

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