California Gold Mining (California Gold Mining) Debt-to-EBITDA : -3.59 (As of May. 2021)

California Gold Mining Debt-to-EBITDA Chart

California Gold Mining Annual Data
	Trend	Aug11	Aug12	Aug13	Aug14	Aug15	Aug16	Aug17	Aug18	Aug19	Aug20
Debt-to-EBITDA		Get a 7-Day Free Trial					-	-0.21	-	-0.53	-0.72

California Gold Mining Quarterly Data
	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21
Debt-to-EBITDA	Get a 7-Day Free Trial															-2.89	-0.21	-4.44	-3.73	-3.59

Competitive Comparison of California Gold Mining's Debt-to-EBITDA

For the Gold subindustry, California Gold Mining'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.

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

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

* The bar in red indicates where California Gold Mining's Debt-to-EBITDA falls into.

California Gold Mining Debt-to-EBITDA Calculation

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

California Gold Mining's Debt-to-EBITDA for the fiscal year that ended in Aug. 2020 is calculated as

California Gold Mining's annualized Debt-to-EBITDA for the quarter that ended in May. 2021 is calculated as

* 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 (May. 2021) EBITDA data.

California Gold Mining  (OTCPK:CFGMF) 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.

California Gold Mining Debt-to-EBITDA Related Terms

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California Gold Mining (California Gold Mining) Business Description