Cora Gold (LSE:CORA) Debt-to-EBITDA : 0.00 (As of Jun. 2024)

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What is Cora Gold Debt-to-EBITDA?

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

Cora Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was £0.00 Mil. Cora Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was £0.00 Mil. Cora Gold's annualized EBITDA for the quarter that ended in Jun. 2024 was £-0.68 Mil. Cora Gold's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2024 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 Cora Gold's Debt-to-EBITDA or its related term are showing as below:

LSE:CORA' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1150 Med: -85.25 Max: -6.86
Current: -25.94

During the past 10 years, the highest Debt-to-EBITDA Ratio of Cora Gold was -6.86. The lowest was -1150.00. And the median was -85.25.

LSE:CORA's Debt-to-EBITDA is ranked worse than
100% of 531 companies
in the Metals & Mining industry
Industry Median: 1.76 vs LSE:CORA: -25.94

Cora Gold Debt-to-EBITDA Historical Data

The historical data trend for Cora Gold'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.

Cora Gold Debt-to-EBITDA Chart

Cora Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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-6.86

Cora Gold Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-EBITDA	Get a 7-Day Free Trial													-	-	-3.85	-43.21	-

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

For the Gold subindustry, Cora Gold'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.

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

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

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

Cora Gold Debt-to-EBITDA Calculation

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

Cora Gold's Debt-to-EBITDA for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(12.531	+	0)	/	-1.826
	=	-6.86

Cora Gold's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0	+	0)	/	-0.676
	=	0.00

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. 2024) EBITDA data.

Cora Gold (LSE:CORA) 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.

Cora Gold Debt-to-EBITDA Related Terms

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

Cora Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cora Gold Ltd (LSE:CORA) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

Road Reef Marina, P.O. Box 3093, Rodus Building, Tortola, Road Town, VGB, VG1110

Website

https://www.coragold.com

Cora Gold Ltd engages in the exploration and development of mineral projects in West Africa. It operates principally in the UK and West Africa, with operations managed on a project by project basis. Activities in the UK are administrative in nature whilst the activities in West Africa relate to exploration and evaluation. The company is engaged in limited field activities relating to the exploration of gold. The company's flagship project is the Sanankoro Gold Project comprising five contiguous permits: Bokoro II, Bokoro Est, Dako II, Kodiou and Sanankoro II located in southwest Mali. The company's other projects include Yanfolila Gold Belt and Diangounte and Madina Fulbe projects.

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