Patriot Lithium (ASX:PAT) Debt-to-EBITDA : 0.00 (As of Dec. 2023)

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What is Patriot Lithium Debt-to-EBITDA?

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

Patriot Lithium's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Patriot Lithium's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Patriot Lithium's annualized EBITDA for the quarter that ended in Dec. 2023 was A$-7.90 Mil. Patriot Lithium's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 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 Patriot Lithium's Debt-to-EBITDA or its related term are showing as below:

ASX:PAT's Debt-to-EBITDA is not ranked ^*
in the Metals & Mining industry.
Industry Median: 1.82
* Ranked among companies with meaningful Debt-to-EBITDA only.

Patriot Lithium Debt-to-EBITDA Historical Data

The historical data trend for Patriot Lithium'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.

Patriot Lithium Debt-to-EBITDA Chart

Patriot Lithium Annual Data

Trend

Jun22

Jun23

Debt-to-EBITDA

N/A

Patriot Lithium Semi-Annual Data
	Dec22	Jun23	Dec23
Debt-to-EBITDA	-0.02	-	-

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

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

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

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

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

Patriot Lithium Debt-to-EBITDA Calculation

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

Patriot Lithium'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
	=	(0.012	+	0)	/	-4.853
	=	-0.00

Patriot Lithium'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
	=	(0.003	+	0)	/	-7.902
	=	-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 (Dec. 2023) EBITDA data.

Patriot Lithium (ASX:PAT) 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.

Patriot Lithium Debt-to-EBITDA Related Terms

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

Patriot Lithium Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Milligan Street, Level 3, Perth, WA, AUS, 6000

Website

https://www.patriot-lithium.com

Patriot Lithium Ltd is focused on acquiring, exploring and developing lithium projects in South Dakota, Wyoming and Arizona in the United States of America. The company has three project areas, namely the Keystone Project comprising of 255 unpatented lode mining claims, the Tinton West Project comprising the TSD Claim Group of 20 unpatented lode mining claims and the TW Claim Group of 49 unpatented lode mining claims, and the Wickenburg Project comprising of 347 unpatented lode mining claims. The company is also engaged in the Ontario Lithium project.

Patriot Lithium Headlines

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