Eastern Platinum (TSX:ELR) Debt-to-EBITDA : 0.56 (As of Mar. 2024)

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What is Eastern Platinum Debt-to-EBITDA?

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

Eastern Platinum's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$1.3 Mil. Eastern Platinum's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.1 Mil. Eastern Platinum's annualized EBITDA for the quarter that ended in Mar. 2024 was C$2.4 Mil. Eastern Platinum's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 0.56.

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 Eastern Platinum's Debt-to-EBITDA or its related term are showing as below:

TSX:ELR' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.01 Med: 0.37 Max: 5.31
Current: 0.05

During the past 13 years, the highest Debt-to-EBITDA Ratio of Eastern Platinum was 5.31. The lowest was 0.01. And the median was 0.37.

TSX:ELR's Debt-to-EBITDA is ranked better than
93.98% of 532 companies
in the Metals & Mining industry
Industry Median: 2.05 vs TSX:ELR: 0.05

Eastern Platinum Debt-to-EBITDA Historical Data

The historical data trend for Eastern Platinum'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.

Eastern Platinum Debt-to-EBITDA Chart

Eastern Platinum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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0.01

5.31

0.37

0.80

0.06

Eastern Platinum Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-EBITDA	Get a 7-Day Free Trial															0.38	0.06	0.08	0.09	0.56

Competitive Comparison of Eastern Platinum's Debt-to-EBITDA

For the Other Precious Metals & Mining subindustry, Eastern Platinum'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.

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

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

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

Eastern Platinum Debt-to-EBITDA Calculation

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

Eastern Platinum'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
	=	(1.894	+	0.085)	/	33.926
	=	0.06

Eastern Platinum's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(1.262	+	0.077)	/	2.384
	=	0.56

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 (Mar. 2024) EBITDA data.

Eastern Platinum (TSX:ELR) 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.

Eastern Platinum Debt-to-EBITDA Related Terms

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

Eastern Platinum (TSX:ELR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Eastern Platinum Ltd (TSX:ELR) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

EPS:South Africa ELRFF:USA E9P1:Germany

Address

1188 West Georgia Street, Suite 1080, Vancouver, BC, CAN, V6E 4A2

Website

https://www.eastplats.com

Eastern Platinum Ltd owns, directly and indirectly, a number of PGM and chrome assets in the Republic of South Africa. All of the company's properties are situated on the western and eastern limbs of the Bushveld Complex, the geological environment that hosts approximately 80% of the world's PGM-bearing ore. It has three segments CRM, Eastern Limb and Corporate. Operations at the Crocodile River Mine include re-mining and processing its tailings resource, with an offtake of the chrome concentrate to Union Goal from the Zandfontein UG2 tailings facility and the processing and extraction of platinum group metals.

Executives

Lisa Ng

Director