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Tenth Avenue Petroleum (TSXV:TPC) Debt-to-EBITDA : 0.00 (As of Mar. 2024)


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What is Tenth Avenue Petroleum Debt-to-EBITDA?

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

Tenth Avenue Petroleum's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Tenth Avenue Petroleum's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Tenth Avenue Petroleum's annualized EBITDA for the quarter that ended in Mar. 2024 was C$-0.34 Mil. Tenth Avenue Petroleum's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 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 Tenth Avenue Petroleum's Debt-to-EBITDA or its related term are showing as below:

During the past 13 years, the highest Debt-to-EBITDA Ratio of Tenth Avenue Petroleum was 32.86. The lowest was -4.86. And the median was 0.08.

TSXV:TPC's Debt-to-EBITDA is not ranked *
in the Oil & Gas industry.
Industry Median: 1.78
* Ranked among companies with meaningful Debt-to-EBITDA only.

Tenth Avenue Petroleum Debt-to-EBITDA Historical Data

The historical data trend for Tenth Avenue Petroleum'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.

Tenth Avenue Petroleum Debt-to-EBITDA Chart

Tenth Avenue Petroleum Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.86 32.86 0.08 - -

Tenth Avenue Petroleum Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - - - - -

Competitive Comparison of Tenth Avenue Petroleum's Debt-to-EBITDA

For the Oil & Gas E&P subindustry, Tenth Avenue Petroleum'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.


Tenth Avenue Petroleum's Debt-to-EBITDA Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tenth Avenue Petroleum's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Tenth Avenue Petroleum's Debt-to-EBITDA falls into.



Tenth Avenue Petroleum Debt-to-EBITDA Calculation

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

Tenth Avenue Petroleum'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) / -0.631
=0.00

Tenth Avenue Petroleum's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 is calculated as

* 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. 2024) EBITDA data.


Tenth Avenue Petroleum  (TSXV:TPC) 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.


Tenth Avenue Petroleum Debt-to-EBITDA Related Terms

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


Tenth Avenue Petroleum (TSXV:TPC) Business Description

Traded in Other Exchanges
N/A
Address
188 - 15th Avenue SW, Suite 2003, Calgary, AB, CAN, T2R 1S4
Tenth Avenue Petroleum Corp is a junior oil and gas exploration, production and development company. It explores and develops petroleum and natural gas properties in Western Canada. The company generates its revenue from the sale of oil, natural gas and NGLs. Its property comprises oil and natural gas assets and water-well assets.
Executives
Fern Macdonald 10% Security Holder