Omega Pacific Resources (XCNQ:OMGA) Debt-to-EBITDA : 0.00 (As of Jan. 2024)

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What is Omega Pacific Resources Debt-to-EBITDA?

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

Omega Pacific Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil. Omega Pacific Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil. Omega Pacific Resources's annualized EBITDA for the quarter that ended in Jan. 2024 was C$-0.07 Mil. Omega Pacific Resources's annualized Debt-to-EBITDA for the quarter that ended in Jan. 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 Omega Pacific Resources's Debt-to-EBITDA or its related term are showing as below:

XCNQ:OMGA's Debt-to-EBITDA is not ranked ^*
in the Metals & Mining industry.
Industry Median: 1.98
* Ranked among companies with meaningful Debt-to-EBITDA only.

Omega Pacific Resources Debt-to-EBITDA Historical Data

The historical data trend for Omega Pacific 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.

Omega Pacific Resources Debt-to-EBITDA Chart

Omega Pacific Resources Annual Data

Trend

Oct22

Debt-to-EBITDA

N/A

Omega Pacific Resources Quarterly Data
	Jan23	Apr23	Jul23	Jan24
Debt-to-EBITDA	-	-	-	-

Competitive Comparison of Omega Pacific Resources's Debt-to-EBITDA

For the Other Industrial Metals & Mining subindustry, Omega Pacific 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.

Omega Pacific Resources's Debt-to-EBITDA Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Omega Pacific Resources's Debt-to-EBITDA falls into.

Omega Pacific Resources Debt-to-EBITDA Calculation

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

Omega Pacific Resources's Debt-to-EBITDA for the fiscal year that ended in Oct. 2022 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0	+	0)	/	N/A
	=	N/A

Omega Pacific Resources's annualized Debt-to-EBITDA for the quarter that ended in Jan. 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)	/	-0.072
	=	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 (Jan. 2024) EBITDA data.

Omega Pacific Resources (XCNQ:OMGA) 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.

Omega Pacific Resources Debt-to-EBITDA Related Terms

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

Omega Pacific Resources (XCNQ:OMGA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Omega Pacific Resources Inc (XCNQ:OMGA) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

Q0F:Germany

Address

750 West Pender Street, Suite 401, Vancouver, BC, CAN, V6C 2T7

Website

Omega Pacific Resources Inc is engaged in the business of mineral exploration in Canada. It mainly engages in the acquisition, exploration, and development of mineral exploration properties. It holds an interest in the Lekcin property located in the New Westminster Mining Division, British Columbia, Canada.