Global Lithium Resources (ASX:GL1) Debt-to-EBITDA : -0.19 (As of Dec. 2023)

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What is Global Lithium Resources Debt-to-EBITDA?

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

Global Lithium Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.20 Mil. Global Lithium Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.73 Mil. Global Lithium Resources's annualized EBITDA for the quarter that ended in Dec. 2023 was A$-5.04 Mil. Global Lithium Resources's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -0.18.

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 Global Lithium Resources's Debt-to-EBITDA or its related term are showing as below:

ASX:GL1' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.16 Med: -0.1 Max: -0.04
Current: -0.15

During the past 3 years, the highest Debt-to-EBITDA Ratio of Global Lithium Resources was -0.04. The lowest was -0.16. And the median was -0.10.

ASX:GL1's Debt-to-EBITDA is ranked worse than
100% of 538 companies
in the Metals & Mining industry
Industry Median: 2.015 vs ASX:GL1: -0.15

Global Lithium Resources Debt-to-EBITDA Historical Data

The historical data trend for Global Lithium Resources'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.

Global Lithium Resources Debt-to-EBITDA Chart

Global Lithium Resources Annual Data

Trend

Jun21

Jun22

Jun23

Debt-to-EBITDA

-0.04

-0.16

Global Lithium Resources Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial			-0.04	-0.05	-0.03	-0.14	-0.19

Competitive Comparison of Global Lithium Resources's Debt-to-EBITDA

For the Other Industrial Metals & Mining subindustry, Global Lithium Resources'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.

Global Lithium Resources's Debt-to-EBITDA Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Global Lithium Resources's Debt-to-EBITDA falls into.

Global Lithium Resources Debt-to-EBITDA Calculation

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

Global Lithium Resources'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
	=	(0.204	+	0.824)	/	-6.284
	=	-0.16

Global Lithium Resources'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
	=	(0.203	+	0.729)	/	-5.044
	=	-0.18

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.

Global Lithium Resources (ASX:GL1) 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.

Global Lithium Resources Debt-to-EBITDA Related Terms

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

Global Lithium Resources (ASX:GL1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Global Lithium Resources Ltd (ASX:GL1) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Ventnor Avenue, Level 1, Perth, WA, AUS, 6005

Website

https://www.globallithium.com.au

Global Lithium Resources Ltd is an emerging lithium exploration company with a primary 100% focus on the Marble Bar Lithium Project in the Pilbara region of Western Australia and an 80% interest in the exploration rights and future mining rights to lithium and lithium associated comineral rights in the Manna Lithium Project.

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