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Empire Metals (LSE:EEE) Debt-to-EBITDA : 0.00 (As of Jun. 2023)


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What is Empire Metals Debt-to-EBITDA?

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

Empire Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was £0.00 Mil. Empire Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was £0.00 Mil. Empire Metals's annualized EBITDA for the quarter that ended in Jun. 2023 was £-2.07 Mil. Empire Metals's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 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 Empire Metals's Debt-to-EBITDA or its related term are showing as below:

LSE:EEE'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.

Empire Metals Debt-to-EBITDA Historical Data

The historical data trend for Empire Metals'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.

Empire Metals Debt-to-EBITDA Chart

Empire Metals Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Debt-to-EBITDA
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Empire Metals Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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Competitive Comparison of Empire Metals's Debt-to-EBITDA

For the Other Precious Metals & Mining subindustry, Empire Metals'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.


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

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

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



Empire Metals Debt-to-EBITDA Calculation

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

Empire Metals's Debt-to-EBITDA for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0 + 0) / -1.046
=0.00

Empire Metals's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0 + 0) / -2.072
=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. 2023) EBITDA data.


Empire Metals  (LSE:EEE) 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.


Empire Metals Debt-to-EBITDA Related Terms

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


Empire Metals (LSE:EEE) Business Description

Traded in Other Exchanges
Address
Craigmuir Chambers, PO Box 71, Road Town, Tortola, VGB, VG1110
Empire Metals Ltd is an exploration and resource development company with a project portfolio comprising gold interests in Australia and Austria. The company develops a pipeline of projects with its main focus on the high-grade Eclipse and Gindalbie Gold Projects in Western Australia. The company's project portfolio includes the Pitfield Copper-Gold Project and the Walton Copper-Gold Project in Western Australia and the Stavely Copper-Gold Project in the Stavely Arc region of Victoria. It has a high-grade gold exploration portfolio in Austria which includes Rotgulden, Schonberg and Walchen prospects.

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