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NorthIsle Copper and Gold (TSXV:NCX) Debt-to-EBITDA : -0.01 (As of Sep. 2024)


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What is NorthIsle Copper and Gold Debt-to-EBITDA?

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

NorthIsle Copper and Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.06 Mil. NorthIsle Copper and Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.12 Mil. NorthIsle Copper and Gold's annualized EBITDA for the quarter that ended in Sep. 2024 was C$-17.34 Mil. NorthIsle Copper and Gold's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2024 was -0.01.

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

TSXV:NCX' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.02   Med: 0   Max: 0
Current: -0.02

TSXV:NCX's Debt-to-EBITDA is ranked worse than
100% of 531 companies
in the Metals & Mining industry
Industry Median: 1.76 vs TSXV:NCX: -0.02

NorthIsle Copper and Gold Debt-to-EBITDA Historical Data

The historical data trend for NorthIsle Copper and 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.

NorthIsle Copper and Gold Debt-to-EBITDA Chart

NorthIsle Copper and Gold Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
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NorthIsle Copper and Gold 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 - - - -0.02 -0.01

Competitive Comparison of NorthIsle Copper and Gold's Debt-to-EBITDA

For the Other Industrial Metals & Mining subindustry, NorthIsle Copper and 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.


NorthIsle Copper and Gold's Debt-to-EBITDA Distribution in the Metals & Mining Industry

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

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



NorthIsle Copper and Gold Debt-to-EBITDA Calculation

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

NorthIsle Copper and 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 + 0) / -7.993
=0.00

NorthIsle Copper and 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
=(0.059 + 0.122) / -17.344
=-0.01

* 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.


NorthIsle Copper and Gold  (TSXV:NCX) 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.


NorthIsle Copper and Gold Debt-to-EBITDA Related Terms

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


NorthIsle Copper and Gold Business Description

Traded in Other Exchanges
Address
1166 Alberni Street, Suite 1200, Vancouver, BC, CAN, V6E 3Z3
NorthIsle Copper and Gold Inc is a mineral exploration company. Its principal business activity is the exploration and development of its North Island Project on Vancouver Island.
Executives
Samuel Lee Senior Officer
Nicholas Van Dyk Senior Officer

NorthIsle Copper and Gold Headlines

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