Chatham Rock Phosphate (NZSE:CRP) Debt-to-EBITDA : -0.05 (As of Dec. 2023)

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What is Chatham Rock Phosphate Debt-to-EBITDA?

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

Chatham Rock Phosphate's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NZ$0.03 Mil. Chatham Rock Phosphate's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NZ$0.04 Mil. Chatham Rock Phosphate's annualized EBITDA for the quarter that ended in Dec. 2023 was NZ$-1.63 Mil. Chatham Rock Phosphate's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -0.05.

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 Chatham Rock Phosphate's Debt-to-EBITDA or its related term are showing as below:

NZSE:CRP' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.06 Med: -0.06 Max: -0.04
Current: -0.04

During the past 13 years, the highest Debt-to-EBITDA Ratio of Chatham Rock Phosphate was -0.04. The lowest was -0.06. And the median was -0.06.

NZSE:CRP's Debt-to-EBITDA is ranked worse than
100% of 535 companies
in the Metals & Mining industry
Industry Median: 2.04 vs NZSE:CRP: -0.04

Chatham Rock Phosphate Debt-to-EBITDA Historical Data

The historical data trend for Chatham Rock Phosphate'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.

Chatham Rock Phosphate Debt-to-EBITDA Chart

Chatham Rock Phosphate Annual Data

Trend

Dec13

Dec14

Dec15

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-EBITDA

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-0.06

Chatham Rock Phosphate Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial															-	-0.05	-0.03	-0.04	-0.05

Competitive Comparison of Chatham Rock Phosphate's Debt-to-EBITDA

For the Other Industrial Metals & Mining subindustry, Chatham Rock Phosphate'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.

Chatham Rock Phosphate's Debt-to-EBITDA Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Chatham Rock Phosphate's Debt-to-EBITDA falls into.

Chatham Rock Phosphate Debt-to-EBITDA Calculation

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

Chatham Rock Phosphate's Debt-to-EBITDA for the fiscal year that ended in Mar. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.033	+	0.069)	/	-1.791
	=	-0.06

Chatham Rock Phosphate's annualized Debt-to-EBITDA for the quarter 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
	=	(0.034	+	0.044)	/	-1.632
	=	-0.05

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 (Dec. 2023) EBITDA data.

Chatham Rock Phosphate (NZSE:CRP) 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.

Chatham Rock Phosphate Debt-to-EBITDA Related Terms

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

Chatham Rock Phosphate (NZSE:CRP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Chatham Rock Phosphate Ltd (NZSE:CRP) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

GELGF:USA 3GRE:Germany NZP:Canada

Address

93 The Terrace, Level 1, Wellington, NZL, 6011

Website

https://www.rockphosphate.co.nz

Chatham Rock Phosphate Ltd operates as a mineral exploration company. It is engaged in the development and exploration of the Chatham Rise rock phosphate deposit offshore in New Zealand. Further, it holds a mining permit over an area off the coast of New Zealand with seabed deposits of rock phosphate and other potentially valuable minerals.

Chatham Rock Phosphate (NZSE:CRP) Headlines

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