Rincon Resources (ASX:RCR) Debt-to-EBITDA : -0.03 (As of Dec. 2023)

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What is Rincon Resources Debt-to-EBITDA?

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

Rincon Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.04 Mil. Rincon Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Rincon Resources's annualized EBITDA for the quarter that ended in Dec. 2023 was A$-1.57 Mil. Rincon Resources's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -0.03.

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

ASX:RCR' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.05 Med: -0.05 Max: -0.04
Current: -0.04

During the past 4 years, the highest Debt-to-EBITDA Ratio of Rincon Resources was -0.04. The lowest was -0.05. And the median was -0.05.

ASX:RCR's Debt-to-EBITDA is ranked worse than
100% of 534 companies
in the Metals & Mining industry
Industry Median: 1.965 vs ASX:RCR: -0.04

Rincon Resources Debt-to-EBITDA Historical Data

The historical data trend for Rincon 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.

Rincon Resources Debt-to-EBITDA Chart

Rincon Resources Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Debt-to-EBITDA

N/A

-0.05

Rincon Resources Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial			-	-0.05	-0.03	-0.07	-0.03

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

For the Other Precious Metals & Mining subindustry, Rincon 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.

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

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

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

Rincon Resources Debt-to-EBITDA Calculation

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

Rincon 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
	=	(0.039	+	0.024)	/	-1.157
	=	-0.05

Rincon 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
	=	(0.04	+	0.003)	/	-1.574
	=	-0.03

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.

Rincon Resources (ASX:RCR) 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.

Rincon Resources Debt-to-EBITDA Related Terms

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

Rincon Resources (ASX:RCR) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

295 Rokeby Road, Suite 1, Subiaco, Perth, WA, AUS, 6008

Website

https://www.rinconresources.com.au

Rincon Resources Ltd is engaged in the acquisition, exploration, and development of resource projects in Western Australia with a focus on gold and base metals. Its projects include the South Telfer project, Laverton project, and Kiwirrkurra project. The firm is managed on the basis of the evaluation of its gold and copper exploration tenements in Australia and its corporate activities.

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