Iris Metals (ASX:IR1) Debt-to-EBITDA : 0.00 (As of Sep. 2024)

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What is Iris Metals Debt-to-EBITDA?

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

Iris Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was A$0.00 Mil. Iris Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was A$0.00 Mil. Iris Metals's annualized EBITDA for the quarter that ended in Sep. 2024 was A$-4.20 Mil. Iris Metals's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2024 was 0.00.

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

ASX:IR1' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.01 Med: -0.01 Max: -0.01
Current: -0.01

During the past 2 years, the highest Debt-to-EBITDA Ratio of Iris Metals was -0.01. The lowest was -0.01. And the median was -0.01.

ASX:IR1's Debt-to-EBITDA is ranked worse than
100% of 529 companies
in the Metals & Mining industry
Industry Median: 1.69 vs ASX:IR1: -0.01

Iris Metals Debt-to-EBITDA Historical Data

The historical data trend for Iris 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.

* Premium members only.

Iris Metals Debt-to-EBITDA Chart

Iris Metals Annual Data

Trend

Mar22

Mar23

Debt-to-EBITDA

-0.01

Iris Metals Semi-Annual Data
	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Debt-to-EBITDA	Get a 7-Day Free Trial			-	-0.06	-0.07	-	-

Competitive Comparison of Iris Metals's Debt-to-EBITDA

For the Gold subindustry, Iris 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.

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

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

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

Iris Metals Debt-to-EBITDA Calculation

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

Iris Metals's Debt-to-EBITDA for the fiscal year that ended in Mar. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.073	+	0)	/	-12.117
	=	-0.01

Iris Metals's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0	+	0)	/	-4.202
	=	0.00

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 (Sep. 2024) EBITDA data.

Iris Metals (ASX:IR1) 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.

Iris Metals Debt-to-EBITDA Related Terms

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

Iris Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Iris Metals Ltd (ASX:IR1) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

9-11 Claremont Street, Suite 205, South Yarra, VIC, AUS, 3141

Website

https://www.irismetals.com

Iris Metals Ltd is a minerals exploration company formed for the purposes of applying for and acquiring interests in minerals exploration tenements and tenement applications in Western Australia. It has two projects: the Kookynie and the Leonora Gold project and the Nickel project.

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