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Inova Resources (FRA:I4O) Debt-to-EBITDA : 0.00 (As of Jun. 2013)


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What is Inova Resources Debt-to-EBITDA?

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

Inova Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2013 was €0.0 Mil. Inova Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2013 was €0.0 Mil. Inova Resources's annualized EBITDA for the quarter that ended in Jun. 2013 was €-93.8 Mil. Inova Resources's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2013 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 Inova Resources's Debt-to-EBITDA or its related term are showing as below:

FRA:I4O's Debt-to-EBITDA is not ranked *
in the Metals & Mining industry.
Industry Median: 1.98
* Ranked among companies with meaningful Debt-to-EBITDA only.

Inova Resources Debt-to-EBITDA Historical Data

The historical data trend for Inova 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.

Inova Resources Debt-to-EBITDA Chart

Inova Resources Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12
Debt-to-EBITDA
-0.74 -1.11 -0.39 - -

Inova Resources Semi-Annual Data
Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.05 - - - -

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

For the Other Industrial Metals & Mining subindustry, Inova 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.


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

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

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



Inova Resources Debt-to-EBITDA Calculation

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

Inova Resources's Debt-to-EBITDA for the fiscal year that ended in Dec. 2012 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0 + 0) / -73.86
=0.00

Inova Resources's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2013 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0 + 0) / -93.786
=0.00

* 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 two times the quarterly (Jun. 2013) EBITDA data.


Inova Resources  (FRA:I4O) 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.


Inova Resources Debt-to-EBITDA Related Terms

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


Inova Resources (FRA:I4O) Business Description

Traded in Other Exchanges
N/A
Address
Inova Resources Ltd, formerly Ivanhoe Australia Limited is incorporated in Australia. It is a mining and exploration company, operates in the Cloncurry region in north-western Queensland. The Company operates in various segments namely Copper/Gold, Molybdenum / Rhenium, Exploration and Administration.

Inova Resources (FRA:I4O) Headlines

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