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Gold Lakes (Gold Lakes) Debt-to-EBITDA : 0.15 (As of Apr. 2017)


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What is Gold Lakes Debt-to-EBITDA?

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

Gold Lakes's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2017 was $0.28 Mil. Gold Lakes's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2017 was $0.00 Mil. Gold Lakes's annualized EBITDA for the quarter that ended in Apr. 2017 was $1.81 Mil. Gold Lakes's annualized Debt-to-EBITDA for the quarter that ended in Apr. 2017 was 0.15.

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 Gold Lakes's Debt-to-EBITDA or its related term are showing as below:

GLLK's Debt-to-EBITDA is not ranked *
in the Metals & Mining industry.
Industry Median: 2.04
* Ranked among companies with meaningful Debt-to-EBITDA only.

Gold Lakes Debt-to-EBITDA Historical Data

The historical data trend for Gold Lakes'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.

Gold Lakes Debt-to-EBITDA Chart

Gold Lakes Annual Data
Trend Jul08 Jul09 Jul10 Jul11 Jul12 Jul13 Jul14 Jul15 Jul16
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only -0.19 -3.94 -15.33 5.52 -0.01

Gold Lakes Quarterly Data
Jul12 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17
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 -0.06 0.02 -0.19 -0.01 0.15

Competitive Comparison of Gold Lakes's Debt-to-EBITDA

For the Gold subindustry, Gold Lakes'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.


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

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

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



Gold Lakes Debt-to-EBITDA Calculation

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

Gold Lakes's Debt-to-EBITDA for the fiscal year that ended in Jul. 2016 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0.215 + 0) / -25.667
=-0.01

Gold Lakes's annualized Debt-to-EBITDA for the quarter that ended in Apr. 2017 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0.275 + 0) / 1.808
=0.15

* 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. 2017) EBITDA data.


Gold Lakes  (GREY:GLLK) 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.


Gold Lakes Debt-to-EBITDA Related Terms

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


Gold Lakes (Gold Lakes) Business Description

Traded in Other Exchanges
N/A
Address
3401 Enterprise Parkway, Suite 340, Beachwood, OH, USA, 42122
Gold Lakes Corp is involved in the business of mining and developing precious metals, mainly Gold. Its projects include The Big Monty property located in the north of Kirkland Lake and east of Timmins in Ontario and The Ponderosa property located in townships of Frecheville, Stoughton, and the Mistaken islands of Ontario, Canada.

Gold Lakes (Gold Lakes) Headlines

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