Double Deuce Exploration (XCNQ:DD) Debt-to-EBITDA : -0.00 (As of Jul. 2024)

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What is Double Deuce Exploration Debt-to-EBITDA?

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

Double Deuce Exploration's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2024 was C$0.00 Mil. Double Deuce Exploration's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2024 was C$0.00 Mil. Double Deuce Exploration's annualized EBITDA for the quarter that ended in Jul. 2024 was C$-0.47 Mil. Double Deuce Exploration's annualized Debt-to-EBITDA for the quarter that ended in Jul. 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 Double Deuce Exploration's Debt-to-EBITDA or its related term are showing as below:

XCNQ:DD' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.04 Med: -0.02 Max: -0.01
Current: -0.01

During the past 3 years, the highest Debt-to-EBITDA Ratio of Double Deuce Exploration was -0.01. The lowest was -0.04. And the median was -0.02.

XCNQ:DD's Debt-to-EBITDA is ranked worse than
100% of 532 companies
in the Metals & Mining industry
Industry Median: 1.75 vs XCNQ:DD: -0.01

Double Deuce Exploration Debt-to-EBITDA Historical Data

The historical data trend for Double Deuce Exploration'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.

Double Deuce Exploration Debt-to-EBITDA Chart

Double Deuce Exploration Annual Data

Trend

Jul22

Jul23

Jul24

Debt-to-EBITDA

N/A

-0.04

-0.01

Double Deuce Exploration Quarterly Data
	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Debt-to-EBITDA	Get a 7-Day Free Trial			-0.02	-0.02	-0.01	-0.01	-

Competitive Comparison of Double Deuce Exploration's Debt-to-EBITDA

For the Other Industrial Metals & Mining subindustry, Double Deuce Exploration'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.

Double Deuce Exploration's Debt-to-EBITDA Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Double Deuce Exploration's Debt-to-EBITDA falls into.

Double Deuce Exploration Debt-to-EBITDA Calculation

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

Double Deuce Exploration's Debt-to-EBITDA for the fiscal year that ended in Jul. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.002	+	0)	/	-0.239
	=	-0.01

Double Deuce Exploration's annualized Debt-to-EBITDA for the quarter that ended in Jul. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.002	+	0)	/	-0.472
	=	-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 (Jul. 2024) EBITDA data.

Double Deuce Exploration (XCNQ:DD) 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.

Double Deuce Exploration Debt-to-EBITDA Related Terms

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Double Deuce Exploration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Double Deuce Exploration Corp (XCNQ:DD) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

551 Howe Street, Suite 200, Vancouver, BC, CAN, V6C 2C2

Website

Double Deuce Exploration Corp is a company whose principal business activities include the acquisition and exploration of mineral property assets. The company has one project named Kimber Property that is in exploration stage which is located at Kimberley British Columbia.