Lithium Australia (ASX:LIT) Debt-to-EBITDA : -0.29 (As of Dec. 2023)

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What is Lithium Australia Debt-to-EBITDA?

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

Lithium Australia's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$1.58 Mil. Lithium Australia's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.64 Mil. Lithium Australia's annualized EBITDA for the quarter that ended in Dec. 2023 was A$-7.53 Mil. Lithium Australia's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -0.29.

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

ASX:LIT' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.57 Med: -0.2 Max: -0.05
Current: -0.28

During the past 13 years, the highest Debt-to-EBITDA Ratio of Lithium Australia was -0.05. The lowest was -0.57. And the median was -0.20.

ASX:LIT's Debt-to-EBITDA is ranked worse than
100% of 529 companies
in the Metals & Mining industry
Industry Median: 1.98 vs ASX:LIT: -0.28

Lithium Australia Debt-to-EBITDA Historical Data

The historical data trend for Lithium Australia'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.

Lithium Australia Debt-to-EBITDA Chart

Lithium Australia Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-EBITDA

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-0.20

-0.05

-0.10

-0.31

Lithium Australia Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial															-0.29	-0.07	8.09	-0.15	-0.29

Competitive Comparison of Lithium Australia's Debt-to-EBITDA

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

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

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

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

Lithium Australia Debt-to-EBITDA Calculation

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

Lithium Australia'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
	=	(0.669	+	0.616)	/	-4.128
	=	-0.31

Lithium Australia'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
	=	(1.576	+	0.64)	/	-7.528
	=	-0.29

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.

Lithium Australia (ASX:LIT) 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.

Lithium Australia Debt-to-EBITDA Related Terms

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

Lithium Australia (ASX:LIT) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

LMMFF:USA 3MW:Germany

Address

677 Murray Street, Level 1, Perth, WA, AUS, 6005

Website

https://www.lithium-au.com

Lithium Australia Ltd is engaged in the acquisition, mineral exploration, and process development, for the extraction and recovery of lithium. Its reportable segment includes Battery Recycling, Battery Materials, Chemicals, and Raw Materials. The majority of its revenue derives from the Battery Recycling segment which includes research and development of processing technology for mixed-battery recycling, as well as the sale of recovered energy metals.