Nickel 28 CapitalCONXF 38 Debt-to-EBITDA is 2.23 as of Apr. 2026, which is 75% below its 10-year median of 8.76. GuruFocus rates CONXF with a GF Score™ of 38/100. The stock has 1 warning sign investors should review. Among 591 Metals & Mining companies, Nickel 28 Capital ranks worse than 86.13% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
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 Nickel 28 Capital's Debt-to-EBITDA or its related term are showing as below:
CONXF'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -61.09 Med: 8.76 Max: 75.72
Current: 6.76
During the past 7 years, the highest Debt-to-EBITDA Ratio of Nickel 28 Capital was 75.72. The lowest was -61.09. And the median was 8.76.
CONXF's Debt-to-EBITDA is ranked worse than 86.13% of 591
companies
in the Metals & Mining industry
Industry Median: 1.23
vs CONXF: 6.76
Nickel 28 Capital (OTCPK:CONXF) Debt-to-EBITDA Explanation
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.
Nickel 28 Capital Debt-to-EBITDA Related Terms
Nickel 28 Capital Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Nickel 28 Capital'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.
Nickel 28 Capital Debt-to-EBITDA Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Nickel 28 Capital'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.
Nickel 28 Capital Debt-to-EBITDA vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Nickel 28 Capital's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Nickel 28 Capital's Debt-to-EBITDA falls into.
* 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 (Apr. 2026) EBITDA data.
Nickel 28 Capital (CONXF) has a Debt-to-EBITDA of 2.23 as of Apr. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Nickel 28 Capital. This is 75% below median its historical median of 8.76. According to the industry distribution chart, Nickel 28 Capital ranks #509 out of 591 companies in the Metals & Mining industry, placing it in the top 86.1%.
Is Nickel 28 Capital's Debt-to-EBITDA too high?
Nickel 28 Capital's current Debt-to-EBITDA of 2.23 is 75% below median its 10-year median of 8.76. The Metals & Mining industry median Debt-to-EBITDA is 1.23. Nickel 28 Capital's value of 2.23 is 81.3% above this industry median. Based on the distribution chart, Nickel 28 Capital ranks #509 out of 591 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Nickel 28 Capital has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Nickel 28 Capital's Debt-to-EBITDA compare to competitors?
According to the Metals & Mining industry distribution chart, Nickel 28 Capital ranks #509 out of 591 companies for Debt-to-EBITDA. This places Nickel 28 Capital in the lower half of its industry. The industry median Debt-to-EBITDA is 1.23. Nickel 28 Capital's value of 2.23 is 81.3% above this benchmark. While the company's 10-year median is 8.76 vs. the industry median of 1.23, Nickel 28 Capital has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Metals & Mining company?
The median Debt-to-EBITDA among Metals & Mining companies is 1.23, based on 591 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nickel 28 Capital's current Debt-to-EBITDA of 2.23 is 81.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Nickel 28 Capital. For the Metals & Mining industry, the median Debt-to-EBITDA is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nickel 28 Capital's current Debt-to-EBITDA is 2.23, which is 75% below median its own 10-year median of 8.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nickel 28 Capital stock overvalued right now?
Nickel 28 Capital (CONXF) has a current Debt-to-EBITDA of 2.23. The current Debt-to-EBITDA is 2.23, which is 75% below median its 10-year median of 8.76 and 81.3% above the Metals & Mining industry median of 1.23. Nickel 28 Capital's overall GF Score™ is 38/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Nickel 28 Capital (CONXF), the current Debt-to-EBITDA is 2.23 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Nickel 28 Capital Corp is a base metals company offering direct exposure to nickel and cobalt. The Company holds a joint-venture interest in the producing Ramu Nickel-Cobalt Operation in Papua New Guinea and manages a portfolio of nickel and cobalt royalties in projects in Canada, Australia, and Papua New Guinea, including royalties in the Dumont nickel project in Quebec and the Turnagain nickel project in British Columbia. The Company is engaged in the management and acquisition of joint venture and royalty interests in the nickel and cobalt sectors. Its primary focus is on opportunities that could provide shareholders with near-term cash flow and royalties on production and exploration-stage nickel and/or cobalt properties. The Company operates in Canada and Asia Pacific.
38GF Score
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