SRQ Resources (TSXV:SRQ) Debt-to-EBITDA : -0.03 (As of Mar. 2024)

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What is SRQ Resources Debt-to-EBITDA?

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

SRQ Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.04 Mil. SRQ Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.02 Mil. SRQ Resources's annualized EBITDA for the quarter that ended in Mar. 2024 was C$-1.78 Mil. SRQ Resources's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was -0.03.

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 SRQ Resources's Debt-to-EBITDA or its related term are showing as below:

TSXV:SRQ' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.05 Med: -0.05 Max: -0.03
Current: -0.03

During the past 3 years, the highest Debt-to-EBITDA Ratio of SRQ Resources was -0.03. The lowest was -0.05. And the median was -0.05.

TSXV:SRQ's Debt-to-EBITDA is ranked worse than
100% of 533 companies
in the Metals & Mining industry
Industry Median: 2.04 vs TSXV:SRQ: -0.03

SRQ Resources Debt-to-EBITDA Historical Data

The historical data trend for SRQ Resources'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.

SRQ Resources Debt-to-EBITDA Chart

SRQ Resources Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-EBITDA

N/A

-0.05

SRQ Resources Quarterly Data
	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-EBITDA	Get a 7-Day Free Trial			-	-	-	-0.02	-0.03

Competitive Comparison of SRQ Resources's Debt-to-EBITDA

For the Other Industrial Metals & Mining subindustry, SRQ 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.

SRQ Resources's Debt-to-EBITDA Distribution in the Metals & Mining Industry

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

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

SRQ Resources Debt-to-EBITDA Calculation

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

SRQ Resources'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
	=	(0.048	+	0.027)	/	-1.568
	=	-0.05

SRQ Resources's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.038	+	0.018)	/	-1.78
	=	-0.03

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. 2024) EBITDA data.

SRQ Resources (TSXV:SRQ) 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.

SRQ Resources Debt-to-EBITDA Related Terms

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

SRQ Resources (TSXV:SRQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » SRQ Resources Inc (TSXV:SRQ) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

SRQRF:USA

Address

1320 Graham Ville, Suite 132, Montreal, QC, CAN, H3P 3C8

Website

SRQ Resources Inc is a mineral exploration and development company. SRQ is focused on the creation of a North American nickel power play, notably with the Lac Brule property in Quebec. The company owns a total of 525 exploration claims in the province of Quebec, Canada, related to different properties. The company's properties include The Lac Brule property, The Lac Brennan property, The Lac Jim property, The Lac Picanoc property, and The Lac Montmord property.

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