Spey Resources (Spey Resources) Debt-to-EBITDA : -0.07 (As of Feb. 2024)

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What is Spey Resources Debt-to-EBITDA?

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

Spey Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.02 Mil. Spey Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.00 Mil. Spey Resources's annualized EBITDA for the quarter that ended in Feb. 2024 was $-0.24 Mil. Spey Resources's annualized Debt-to-EBITDA for the quarter that ended in Feb. 2024 was -0.07.

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 Spey Resources's Debt-to-EBITDA or its related term are showing as below:

SPEYF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.02 Med: -0.01 Max: -0.01
Current: -0.02

During the past 7 years, the highest Debt-to-EBITDA Ratio of Spey Resources was -0.01. The lowest was -0.02. And the median was -0.01.

SPEYF's Debt-to-EBITDA is ranked worse than
100% of 532 companies
in the Metals & Mining industry
Industry Median: 2.05 vs SPEYF: -0.02

Spey Resources Debt-to-EBITDA Historical Data

The historical data trend for Spey Resources'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.

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Spey Resources Debt-to-EBITDA Chart

Spey Resources Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Debt-to-EBITDA

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N/A

-0.01

Spey Resources Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-EBITDA	Get a 7-Day Free Trial															-	-0.01	-	0.01	-0.07

Competitive Comparison of Spey Resources's Debt-to-EBITDA

For the Other Industrial Metals & Mining subindustry, Spey Resources'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.

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

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

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

Spey Resources Debt-to-EBITDA Calculation

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

Spey Resources's Debt-to-EBITDA for the fiscal year that ended in Nov. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.016	+	0)	/	-1.8
	=	-0.01

Spey Resources's annualized Debt-to-EBITDA for the quarter that ended in Feb. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.016	+	0)	/	-0.24
	=	-0.07

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 (Feb. 2024) EBITDA data.

Spey Resources (OTCPK:SPEYF) 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.

Spey Resources Debt-to-EBITDA Related Terms

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

Spey Resources (Spey Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Spey Resources Corp (OTCPK:SPEYF) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

2JS:Germany SPEY:Canada

Address

1100-1199 West Hastings Street, Vancouver, BC, CAN, V6E 3T5

Website

https://www.speyresources.ca

Spey Resources Corp is a mineral exploration company. The company is engaged in the principal business activities of the acquisition and exploration of mineral property assets. It has an interest in the Silver Basin property.