New Energy Metals (TSXV:ENRG) Debt-to-EBITDA : 0.00 (As of Sep. 2024)

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What is New Energy Metals Debt-to-EBITDA?

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

New Energy Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.00 Mil. New Energy Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.00 Mil. New Energy Metals's annualized EBITDA for the quarter that ended in Sep. 2024 was C$-0.11 Mil. New Energy Metals's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2024 was 0.00.

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 New Energy Metals's Debt-to-EBITDA or its related term are showing as below:

During the past 8 years, the highest Debt-to-EBITDA Ratio of New Energy Metals was 6.25. The lowest was -0.05. And the median was 0.76.

TSXV:ENRG's Debt-to-EBITDA is not ranked ^*
in the Metals & Mining industry.
Industry Median: 1.76
* Ranked among companies with meaningful Debt-to-EBITDA only.

New Energy Metals Debt-to-EBITDA Historical Data

The historical data trend for New Energy Metals'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.

New Energy Metals Debt-to-EBITDA Chart

New Energy Metals Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-EBITDA

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-0.05

6.25

0.76

New Energy Metals 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															-	-	-	-	-

Competitive Comparison of New Energy Metals's Debt-to-EBITDA

For the Other Industrial Metals & Mining subindustry, New Energy Metals'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.

New Energy Metals's Debt-to-EBITDA Distribution in the Metals & Mining Industry

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

* The bar in red indicates where New Energy Metals's Debt-to-EBITDA falls into.

New Energy Metals Debt-to-EBITDA Calculation

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

New Energy Metals'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
	=	(0	+	0)	/	-1.309
	=	0.00

New Energy Metals'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
	=	(0	+	0)	/	-0.112
	=	0.00

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.

New Energy Metals (TSXV:ENRG) 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.

New Energy Metals Debt-to-EBITDA Related Terms

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

New Energy Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Energy Metals Corp (TSXV:ENRG) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

NRGYF:USA 2J8:Germany

Address

885 W Georgia Street, Suite 2200, Vancouver, BC, CAN, V6C 3E8

Website

https://www.new-enrg.com

New Energy Metals Corp is a mining company. Principally it is engaged in the business of acquisition, exploration, and development of mineral resource properties. The company is focused on the development of the Cristal Copper project located in northernmost Chile, adjacent to the Peruvian border. The company's project includes Atikokan Lithium Property, Roslyn Lithium Property and Troitsa Copper Property.

Executives

Gerhard Daniel Schieber	Director
Cesar Lopez	Director, Senior Officer