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Orbit Garant Drilling (TSX:OGD) Debt-to-EBITDA : 1.26 (As of Sep. 2024)


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What is Orbit Garant Drilling Debt-to-EBITDA?

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

Orbit Garant Drilling's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$1.7 Mil. Orbit Garant Drilling's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$33.0 Mil. Orbit Garant Drilling's annualized EBITDA for the quarter that ended in Sep. 2024 was C$27.6 Mil. Orbit Garant Drilling's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2024 was 1.26.

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 Orbit Garant Drilling's Debt-to-EBITDA or its related term are showing as below:

TSX:OGD' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.84   Med: 3.65   Max: 6.27
Current: 2.67

During the past 13 years, the highest Debt-to-EBITDA Ratio of Orbit Garant Drilling was 6.27. The lowest was 0.84. And the median was 3.65.

TSX:OGD's Debt-to-EBITDA is ranked worse than
59.7% of 531 companies
in the Metals & Mining industry
Industry Median: 1.76 vs TSX:OGD: 2.67

Orbit Garant Drilling Debt-to-EBITDA Historical Data

The historical data trend for Orbit Garant Drilling'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.

Orbit Garant Drilling Debt-to-EBITDA Chart

Orbit Garant Drilling Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.07 1.96 3.91 2.39 3.72

Orbit Garant Drilling Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.19 9.48 2.31 7.14 1.26

Competitive Comparison of Orbit Garant Drilling's Debt-to-EBITDA

For the Other Industrial Metals & Mining subindustry, Orbit Garant Drilling'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.


Orbit Garant Drilling's Debt-to-EBITDA Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Orbit Garant Drilling's Debt-to-EBITDA falls into.



Orbit Garant Drilling Debt-to-EBITDA Calculation

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

Orbit Garant Drilling's Debt-to-EBITDA for the fiscal year that ended in Jun. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1.51 + 32.611) / 9.165
=3.72

Orbit Garant Drilling's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1.743 + 33.001) / 27.552
=1.26

* 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 four times the quarterly (Sep. 2024) EBITDA data.


Orbit Garant Drilling  (TSX:OGD) 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.


Orbit Garant Drilling Debt-to-EBITDA Related Terms

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


Orbit Garant Drilling Business Description

Traded in Other Exchanges
Address
3200, Jean Jacques Cossette Boulevard, Val-d'Or, QC, CAN, J9P 6Y6
Orbit Garant Drilling Inc is a Canadian based drilling company providing services to mining companies through all stages of exploration, development, and production. The company operates a surface and underground diamond drilling business. The firm also manufactures conventional drill rigs while also manufacturing and providing other support equipment such as water recirculation systems, heat recovery systems, and fuel-efficient systems. The company operates in Canada, the United States, Central and South America, and West Africa. The majority of the company's revenue is derived from operations in Canada.
Executives
Pierre Alexandre 10% Security Holder, Director, Senior Officer
Daniel Maheu Senior Officer
Eric Alexandre Director, Senior Officer
Alain Laplante Senior Officer

Orbit Garant Drilling Headlines

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