G Mining Ventures (TSX:GMIN) Debt-to-EBITDA : -3.89 (As of Dec. 2023)

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What is G Mining Ventures Debt-to-EBITDA?

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

G Mining Ventures's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$10.18 Mil. G Mining Ventures's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$33.63 Mil. G Mining Ventures's annualized EBITDA for the quarter that ended in Dec. 2023 was C$-11.28 Mil. G Mining Ventures's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -3.89.

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 G Mining Ventures's Debt-to-EBITDA or its related term are showing as below:

TSX:GMIN' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -4.38 Med: -2.19 Max: -0.01
Current: -4.35

During the past 5 years, the highest Debt-to-EBITDA Ratio of G Mining Ventures was -0.01. The lowest was -4.38. And the median was -2.19.

TSX:GMIN's Debt-to-EBITDA is ranked worse than
100% of 534 companies
in the Metals & Mining industry
Industry Median: 1.98 vs TSX:GMIN: -4.35

G Mining Ventures Debt-to-EBITDA Historical Data

The historical data trend for G Mining Ventures'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.

G Mining Ventures Debt-to-EBITDA Chart

G Mining Ventures Annual Data

Trend

Oct18

Oct19

Oct20

Dec22

Dec23

Debt-to-EBITDA

N/A

-0.01

-4.38

G Mining Ventures Quarterly Data
	Jul18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial															-0.01	-1.86	-3.67	-2.80	-3.89

Competitive Comparison of G Mining Ventures's Debt-to-EBITDA

For the Other Precious Metals & Mining subindustry, G Mining Ventures'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.

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

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

* The bar in red indicates where G Mining Ventures's Debt-to-EBITDA falls into.

G Mining Ventures Debt-to-EBITDA Calculation

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

G Mining Ventures'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
	=	(10.181	+	33.633)	/	-10.014
	=	-4.38

G Mining Ventures'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
	=	(10.181	+	33.633)	/	-11.276
	=	-3.89

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.

G Mining Ventures (TSX:GMIN) 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.

G Mining Ventures Debt-to-EBITDA Related Terms

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

G Mining Ventures (TSX:GMIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » G Mining Ventures Corp (TSX:GMIN) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

GMINF:USA 0WQ0:Germany

Address

7900 Boul. Taschereau, Building D, Suite 210, Brossard, QC, CAN, J4X 1C2

Website

https://www.gminingventures.com

G Mining Ventures Corp is a mineral exploration company engaged in the acquisition, exploration and development of precious metal projects. Its flagship asset, the permitted Tocantinzinho Project, is located in Para State, Brazil. Tocantinzinho is an open-pit gold deposit containing around 2.0 million ounces of reserves at 1.3 g/t. The deposit is open at depth and the underexplored 688km2 land package presents an additional exploration potential. It has one operating segment, the exploration and development of mineral properties.

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