Clarity Metals (XCNQ:CMET) Debt-to-EBITDA : 0.00 (As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Clarity Metals Debt-to-EBITDA?

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

Clarity Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Clarity Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Clarity Metals's annualized EBITDA for the quarter that ended in Mar. 2024 was C$-0.53 Mil. Clarity Metals'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 Clarity Metals's Debt-to-EBITDA or its related term are showing as below:

XCNQ:CMET's Debt-to-EBITDA is not ranked ^*
in the Metals & Mining industry.
Industry Median: 2.04
* Ranked among companies with meaningful Debt-to-EBITDA only.

Clarity Metals Debt-to-EBITDA Historical Data

The historical data trend for Clarity Metals'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.

Clarity Metals Debt-to-EBITDA Chart

Clarity Metals Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

N/A

-0.02

Clarity Metals Quarterly Data
	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													-	-	-	-	-

Competitive Comparison of Clarity Metals's Debt-to-EBITDA

For the Gold subindustry, Clarity Metals'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.

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

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

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

Clarity Metals Debt-to-EBITDA Calculation

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

Clarity Metals'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)	/	-1.739
	=	0.00

Clarity Metals'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	+	0)	/	-0.528
	=	0.00

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.

Clarity Metals (XCNQ:CMET) 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.

Clarity Metals Debt-to-EBITDA Related Terms

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

Clarity Metals (XCNQ:CMET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Clarity Metals Corp (XCNQ:CMET) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

CLGCF:USA 27G0:Germany

Address

355 Burrard Street, Suite 1680, Vancouver, BC, CAN, V6C 2G8

Website

https://www.claritygoldcorp.com

Clarity Metals Corp is a Canadian mineral exploration company. The company focuses on the acquisition, exploration, and development of gold projects in Canada.

Clarity Metals (XCNQ:CMET) Headlines

No Headlines