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AVRTF (Avarone Metals) Debt-to-EBITDA : -0.35 (As of Jul. 2024)


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What is Avarone Metals Debt-to-EBITDA?

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

Avarone Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2024 was $0.30 Mil. Avarone Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2024 was $0.00 Mil. Avarone Metals's annualized EBITDA for the quarter that ended in Jul. 2024 was $-0.85 Mil. Avarone Metals's annualized Debt-to-EBITDA for the quarter that ended in Jul. 2024 was -0.35.

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

AVRTF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -10.64   Med: -1.46   Max: -0.76
Current: -1.13

During the past 13 years, the highest Debt-to-EBITDA Ratio of Avarone Metals was -0.76. The lowest was -10.64. And the median was -1.46.

AVRTF's Debt-to-EBITDA is ranked worse than
100% of 531 companies
in the Metals & Mining industry
Industry Median: 1.76 vs AVRTF: -1.13

Avarone Metals Debt-to-EBITDA Historical Data

The historical data trend for Avarone 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.

Avarone Metals Debt-to-EBITDA Chart

Avarone Metals Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.92 -1.82 -5.17 -10.74 -1.11

Avarone Metals Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 36.25 -3.48 -14.95 -3.06 -0.35

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

For the Other Industrial Metals & Mining subindustry, Avarone 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.


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

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

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



Avarone Metals Debt-to-EBITDA Calculation

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

Avarone Metals's Debt-to-EBITDA for the fiscal year that ended in Jul. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0.298 + 0) / -0.268
=-1.11

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

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0.298 + 0) / -0.852
=-0.35

* 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.

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 four times the quarterly (Jul. 2024) EBITDA data.


Avarone Metals  (OTCPK:AVRTF) 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.


Avarone Metals Debt-to-EBITDA Related Terms

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


Avarone Metals Business Description

Traded in Other Exchanges
Address
1479 - 329 Howe Street, Vancouver, BC, CAN, V6C 3N2
Avarone Metals Inc is an exploration stage company. The company is in the process of searching for resource properties to explore.

Avarone Metals Headlines

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