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WHYRF (West High Yield (W.H.Y.) Resources) Debt-to-EBITDA : -2.05 (As of Sep. 2024)


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What is West High Yield (W.H.Y.) Resources Debt-to-EBITDA?

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

West High Yield (W.H.Y.) Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $4.04 Mil. West High Yield (W.H.Y.) Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil. West High Yield (W.H.Y.) Resources's annualized EBITDA for the quarter that ended in Sep. 2024 was $-1.97 Mil. West High Yield (W.H.Y.) Resources's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2024 was -2.05.

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 West High Yield (W.H.Y.) Resources's Debt-to-EBITDA or its related term are showing as below:

WHYRF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -4.38   Med: -1.39   Max: -0.03
Current: -2.06

During the past 13 years, the highest Debt-to-EBITDA Ratio of West High Yield (W.H.Y.) Resources was -0.03. The lowest was -4.38. And the median was -1.39.

WHYRF's Debt-to-EBITDA is ranked worse than
100% of 527 companies
in the Metals & Mining industry
Industry Median: 1.69 vs WHYRF: -2.06

West High Yield (W.H.Y.) Resources Debt-to-EBITDA Historical Data

The historical data trend for West High Yield (W.H.Y.) 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.

West High Yield (W.H.Y.) Resources Debt-to-EBITDA Chart

West High Yield (W.H.Y.) Resources 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 -2.98 -4.38 -2.46 -0.97 -1.39

West High Yield (W.H.Y.) Resources Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -1.88 -1.75 -1.69 -1.81 -2.05

Competitive Comparison of West High Yield (W.H.Y.) Resources's Debt-to-EBITDA

For the Other Industrial Metals & Mining subindustry, West High Yield (W.H.Y.) 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.


West High Yield (W.H.Y.) Resources's Debt-to-EBITDA Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, West High Yield (W.H.Y.) Resources's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where West High Yield (W.H.Y.) Resources's Debt-to-EBITDA falls into.



West High Yield (W.H.Y.) Resources Debt-to-EBITDA Calculation

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

West High Yield (W.H.Y.) 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
=(2.955 + 0) / -2.129
=-1.39

West High Yield (W.H.Y.) Resources's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(4.039 + 0) / -1.968
=-2.05

* 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 (Sep. 2024) EBITDA data.


West High Yield (W.H.Y.) Resources  (OTCPK:WHYRF) 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.


West High Yield (W.H.Y.) Resources Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of West High Yield (W.H.Y.) Resources's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.


West High Yield (W.H.Y.) Resources Business Description

Traded in Other Exchanges
Address
110 Hamptons Landing North West, P.O.Box 68121, Calgary, AB, CAN, T3G 3N8
West High Yield (W.H.Y.) Resources Ltd is a mining exploration company. Its objective is to bring into production the greenest deposits of high-grade 99% magnesium purity. Magnesium can be used to make Magnesium Ingots/Electric Vehicles, Magnesium Batteries, Pharmaceuticals/Supplements, Magnesium Wall Board, Magnesium Cement, and Magnesium Nitrate Fertilizer.

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