Ultra Lithium (TSXV:ULT) Debt-to-EBITDA : 1.26 (As of Jul. 2024)

Ultra Lithium Debt-to-EBITDA Chart

Ultra Lithium Annual Data
	Trend	Oct14	Oct15	Oct16	Oct17	Oct18	Oct19	Oct20	Oct21	Oct22	Oct23
Debt-to-EBITDA		Get a 7-Day Free Trial					-	-	-	-	-0.51

Ultra Lithium Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Debt-to-EBITDA	Get a 7-Day Free Trial															-0.90	-0.20	-2.73	-0.81	1.26

Competitive Comparison of Ultra Lithium's Debt-to-EBITDA

For the Other Industrial Metals & Mining subindustry, Ultra Lithium'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.

Ultra Lithium's Debt-to-EBITDA Distribution in the Metals & Mining Industry

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

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

Ultra Lithium Debt-to-EBITDA Calculation

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

Ultra Lithium's Debt-to-EBITDA for the fiscal year that ended in Oct. 2023 is calculated as

Ultra Lithium's annualized Debt-to-EBITDA for the quarter that ended in Jul. 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 (Jul. 2024) EBITDA data.

Ultra Lithium  (TSXV:ULT) 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.

Ultra Lithium Debt-to-EBITDA Related Terms

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

Ultra Lithium Business Description