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Canadian Spirit ResourcesTSXV:SPI Debt-to-EBITDA is -0.01 as of Mar. 2026. The stock has 3 warning signs investors should review. Among 718 Oil & Gas companies, Canadian Spirit Resources ranks worse than 139275.63% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
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 Canadian Spirit Resources's Debt-to-EBITDA or its related term are showing as below:
TSXV:SPI's Debt-to-EBITDA is not ranked *
in the Oil & Gas industry.
Industry Median: 1.96 * Ranked among companies with meaningful Debt-to-EBITDA only.
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.
Canadian Spirit Resources Debt-to-EBITDA Related Terms
Canadian Spirit Resources Debt-to-EBITDA Historical Data
* 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.
TSXV:SPI vs COP, EOG, FANG: Debt-to-EBITDA Comparison
For the Oil & Gas E&P subindustry, Canadian Spirit Resources'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.
Canadian Spirit Resources Debt-to-EBITDA vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Canadian Spirit Resources's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Canadian Spirit Resources's Debt-to-EBITDA falls into.
* 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 (Mar. 2026) EBITDA data.
Canadian Spirit Resources (TSXV:SPI) has a Debt-to-EBITDA of -0.01 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Canadian Spirit Resources. According to the industry distribution chart, Canadian Spirit Resources ranks #999999 out of 718 companies in the Oil & Gas industry.
Is Canadian Spirit Resources' Debt-to-EBITDA too high?
Canadian Spirit Resources' current Debt-to-EBITDA is -0.01. Based on the distribution chart, Canadian Spirit Resources ranks #999999 out of 718 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers.
How does Canadian Spirit Resources' Debt-to-EBITDA compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Canadian Spirit Resources ranks #999999 out of 718 companies for Debt-to-EBITDA. This places Canadian Spirit Resources in the lower half of its industry. The industry median Debt-to-EBITDA is 1.96. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for an Oil & Gas company?
The median Debt-to-EBITDA among Oil & Gas companies is 1.96, based on 718 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Canadian Spirit Resources. For the Oil & Gas industry, the median Debt-to-EBITDA is 1.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canadian Spirit Resources's current Debt-to-EBITDA is -0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canadian Spirit Resources stock overvalued right now?
Canadian Spirit Resources (TSXV:SPI) has a current Debt-to-EBITDA of -0.01. The current Debt-to-EBITDA is -0.01. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Canadian Spirit Resources (TSXV:SPI), the current Debt-to-EBITDA is -0.01 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Canadian Spirit Resources Inc is a natural resources company focusing on the identification and development of opportunities in the unconventional natural gas sector of the energy industry. It is focused on the exploration and production of natural gas in the Montney Formation of northeast British Columbia.
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