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Onyx Gold (TSXV:ONYX) Debt-to-EBITDA : 0.00 (As of Sep. 2023)


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What is Onyx Gold Debt-to-EBITDA?

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

Onyx Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.00 Mil. Onyx Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.00 Mil. Onyx Gold's annualized EBITDA for the quarter that ended in Sep. 2023 was C$-2.00 Mil. Onyx Gold's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 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 Onyx Gold's Debt-to-EBITDA or its related term are showing as below:

TSXV:ONYX's Debt-to-EBITDA is not ranked *
in the Metals & Mining industry.
Industry Median: 2.04
* Ranked among companies with meaningful Debt-to-EBITDA only.

Onyx Gold Debt-to-EBITDA Historical Data

The historical data trend for Onyx 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.

Onyx Gold Debt-to-EBITDA Chart

Onyx Gold Annual Data
Trend
Debt-to-EBITDA

Onyx Gold Semi-Annual Data
Sep23
Debt-to-EBITDA -

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

For the Gold subindustry, Onyx 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.

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

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

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


Onyx Gold Debt-to-EBITDA Calculation

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

Onyx Gold's Debt-to-EBITDA for the fiscal year that ended in . 20 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=( + ) / N/A
=N/A

Onyx Gold's annualized Debt-to-EBITDA for the quarter that ended in Sep. 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) / -2
=0.00

* 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 two times the quarterly (Sep. 2023) EBITDA data.

Onyx Gold  (TSXV:ONYX) 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.

Onyx Gold Debt-to-EBITDA Related Terms

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

Onyx Gold (TSXV:ONYX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Onyx Gold corp (TSXV:ONYX) » Definitions » Debt-to-EBITDA
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Traded in Other Exchanges
ONXGF:USA
Address
375 Water Street, Suite 405, Vancouver, BC, CAN, V6B 5C6
Website
https://www.onyxgold.com
Onyx Gold corp is an exploration company focused on Canadian mining jurisdictions, with assets in Timmins, Ontario, and Yukon Territory. The company's portfolio of gold projects in the greater Timmins gold camp includes the Munro-Croesus Gold property, for its mineralization, plus two additional earlier-stage large exploration properties, Golden Mile and Timmins South.
Executives
Brock Macaulay Colterjohn Director, Senior Officer
Nicole Raymonde Hoeller Senior Officer
Darwin Green Director, Senior Officer