Lavras Gold (TSXV:LGC) Debt-to-EBITDA : -0.05 (As of Sep. 2024)

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What is Lavras Gold Debt-to-EBITDA?

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

Lavras Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.05 Mil. Lavras Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.11 Mil. Lavras Gold's annualized EBITDA for the quarter that ended in Sep. 2024 was C$-2.82 Mil. Lavras Gold's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2024 was -0.05.

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 Lavras Gold's Debt-to-EBITDA or its related term are showing as below:

TSXV:LGC' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.17 Med: -0.14 Max: -0.05
Current: -0.05

During the past 3 years, the highest Debt-to-EBITDA Ratio of Lavras Gold was -0.05. The lowest was -0.17. And the median was -0.14.

TSXV:LGC's Debt-to-EBITDA is ranked worse than
100% of 531 companies
in the Metals & Mining industry
Industry Median: 1.76 vs TSXV:LGC: -0.05

Lavras Gold Debt-to-EBITDA Historical Data

The historical data trend for Lavras Gold'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.

Lavras Gold Debt-to-EBITDA Chart

Lavras Gold Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-EBITDA

N/A

-0.17

-0.11

Lavras Gold Quarterly Data
	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-EBITDA	Get a 7-Day Free Trial									-0.11	-0.13	-0.10	-0.03	-0.05

Competitive Comparison of Lavras Gold's Debt-to-EBITDA

For the Gold subindustry, Lavras Gold'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.

Lavras Gold's Debt-to-EBITDA Distribution in the Metals & Mining Industry

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

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

Lavras Gold Debt-to-EBITDA Calculation

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

Lavras Gold'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
	=	(0.049	+	0.154)	/	-1.917
	=	-0.11

Lavras Gold'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
	=	(0.046	+	0.105)	/	-2.816
	=	-0.05

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.

Lavras Gold (TSXV:LGC) 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.

Lavras Gold Debt-to-EBITDA Related Terms

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

Lavras Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lavras Gold Corp (TSXV:LGC) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

LGCFF:USA

Address

82 Richmond Street East, Suite 201, Toronto, ON, CAN, M5C 1P1

Website

https://www.lavrasgold.com

Lavras Gold Corp is a exploration company engaged in the exploration and development of the Lavras do Sul gold project located in the state of Rio Grande do Sul, Brazil. The Lavras do Sul gold project is an advanced exploration stage property that is approximately 190 square km in size and comprised of more than 23 prospects centered on historic gold workings. The Company's Current projects include Butia Gold Prospect and the LDS project in Brazil.

Executives

2176423 Ontario Ltd.	10% Security Holder
Eric Sprott	10% Security Holder
Rostislav Christov Raykov	Director
Lawrence Lepard	Director
Rowland Wallace Uloth	Director, Senior Officer
Alexander David Birkett	Director
Michael Christopher Durose	Director, Senior Officer
Jonathan Victor Hill	Director
Baccarat Trade Investments Ltd.	10% Security Holder