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Norseman Gold (LSE:NGL) Debt-to-EBITDA : 120.62 (As of Jun. 2014)


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What is Norseman Gold Debt-to-EBITDA?

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

Norseman Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2014 was £39.08 Mil. Norseman Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2014 was £0.00 Mil. Norseman Gold's annualized EBITDA for the quarter that ended in Jun. 2014 was £0.32 Mil. Norseman Gold's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2014 was 120.62.

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

LSE:NGL'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.

Norseman Gold Debt-to-EBITDA Historical Data

The historical data trend for Norseman 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.

Norseman Gold Debt-to-EBITDA Chart

Norseman Gold Annual Data
Trend Jun09 Jun10 Jun11 Jun12 Jun13 Jun14
Debt-to-EBITDA
Get a 7-Day Free Trial 1.15 -0.95 -0.83 -1.18 120.62

Norseman Gold Semi-Annual Data
Jun09 Jun10 Jun11 Jun12 Jun13 Jun14
Debt-to-EBITDA Get a 7-Day Free Trial 1.15 -0.95 -0.83 -1.18 120.62

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

For the Gold subindustry, Norseman 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.


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

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

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



Norseman Gold Debt-to-EBITDA Calculation

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

Norseman Gold's Debt-to-EBITDA for the fiscal year that ended in Jun. 2014 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(39.081 + 0) / 0.324
=120.62

Norseman Gold's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2014 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(39.081 + 0) / 0.324
=120.62

* 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 one times the quarterly (Jun. 2014) EBITDA data.


Norseman Gold  (LSE:NGL) 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.


Norseman Gold Debt-to-EBITDA Related Terms

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


Norseman Gold (LSE:NGL) Business Description

Traded in Other Exchanges
N/A
Address
Norseman Gold PLC is engaged in the production, exploration, evaluation and development of mineral resources. It is involved in the operation of Central Norseman Gold Corporation Ltd (the Norseman Project). The Norseman Project is located adjacent to the Norseman township, approximately 725 kilometres east of Perth, Western Australia. Current operations source ore from the Bullen underground mine and the Harlequin underground mine using underground mining methods of airleg up dip room and pillar stoping and long-hole stoping.