Mithril Resources (ASX:MTH) Debt-to-EBITDA : -0.73 (As of Dec. 2023)

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What is Mithril Resources Debt-to-EBITDA?

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

Mithril Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.85 Mil. Mithril Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Mithril Resources's annualized EBITDA for the quarter that ended in Dec. 2023 was A$-1.16 Mil. Mithril Resources's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -0.73.

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

ASX:MTH' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.38 Med: -0.01 Max: -0.01
Current: -0.38

During the past 13 years, the highest Debt-to-EBITDA Ratio of Mithril Resources was -0.01. The lowest was -0.38. And the median was -0.01.

ASX:MTH's Debt-to-EBITDA is ranked worse than
100% of 532 companies
in the Metals & Mining industry
Industry Median: 2.04 vs ASX:MTH: -0.38

Mithril Resources Debt-to-EBITDA Historical Data

The historical data trend for Mithril 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.

Mithril Resources Debt-to-EBITDA Chart

Mithril Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-EBITDA

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-0.01

Mithril Resources 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															-	-	-0.05	-	-0.73

Competitive Comparison of Mithril Resources's Debt-to-EBITDA

For the Other Industrial Metals & Mining subindustry, Mithril 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.

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

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

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

Mithril Resources Debt-to-EBITDA Calculation

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

Mithril 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
	=	(0.011	+	0)	/	-2.042
	=	-0.01

Mithril 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
	=	(0.85	+	0)	/	-1.164
	=	-0.73

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.

Mithril Resources (ASX:MTH) 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.

Mithril Resources Debt-to-EBITDA Related Terms

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

Mithril Resources (ASX:MTH) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Albert Road, Level 4, South Melbourne, Melbourne, VIC, AUS, 3205

Website

https://mithrilresources.com.au

Mithril Resources Ltd is engaged in the exploration and development of mineral properties in Australia. The company holds an interest in Billy Hills, Kurnalpi, Limestone Well, and the Lignum Dam Projects. It operates in two segments namely Mexican and Australian operations, of which key revenues come from Australia.