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Slave Lake Zinc (XCNQ:SLZ) Debt-to-EBITDA : -0.47 (As of Dec. 2023)


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What is Slave Lake Zinc Debt-to-EBITDA?

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

Slave Lake Zinc's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Slave Lake Zinc's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.15 Mil. Slave Lake Zinc's annualized EBITDA for the quarter that ended in Dec. 2023 was C$-0.32 Mil. Slave Lake Zinc's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -0.47.

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 Slave Lake Zinc's Debt-to-EBITDA or its related term are showing as below:

XCNQ:SLZ' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.66   Med: -0.21   Max: -0.18
Current: -0.27

During the past 7 years, the highest Debt-to-EBITDA Ratio of Slave Lake Zinc was -0.18. The lowest was -0.66. And the median was -0.21.

XCNQ:SLZ's Debt-to-EBITDA is ranked worse than
100% of 531 companies
in the Metals & Mining industry
Industry Median: 1.98 vs XCNQ:SLZ: -0.27

Slave Lake Zinc Debt-to-EBITDA Historical Data

The historical data trend for Slave Lake Zinc'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.

Slave Lake Zinc Debt-to-EBITDA Chart

Slave Lake Zinc Annual Data
Trend Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Debt-to-EBITDA
Get a 7-Day Free Trial - - -0.66 -0.21 -0.18

Slave Lake Zinc Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -0.10 -0.23 -0.21 -0.29 -0.47

Competitive Comparison of Slave Lake Zinc's Debt-to-EBITDA

For the Other Industrial Metals & Mining subindustry, Slave Lake Zinc'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.


Slave Lake Zinc's Debt-to-EBITDA Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Slave Lake Zinc's Debt-to-EBITDA falls into.



Slave Lake Zinc Debt-to-EBITDA Calculation

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

Slave Lake Zinc's Debt-to-EBITDA for the fiscal year that ended in Sep. 2023 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0 + 0.15) / -0.829
=-0.18

Slave Lake Zinc's annualized Debt-to-EBITDA for the quarter 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 + 0.15) / -0.32
=-0.47

* 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 (Dec. 2023) EBITDA data.


Slave Lake Zinc  (XCNQ:SLZ) 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.


Slave Lake Zinc Debt-to-EBITDA Related Terms

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


Slave Lake Zinc (XCNQ:SLZ) Business Description

Traded in Other Exchanges
Address
207 St. Patrick's Avenue, North Vancouver, Vancouver, BC, CAN, V7L 3N3
Slave Lake Zinc Corp is a Canadian mineral exploration company. The company is engaged in acquiring and exploring mineral properties and holds an interest in the O'Connor Lake Property in the South Slave Mining District of the Northwest Territories.
Executives
Ritchie John Wigham 10% Security Holder, Director, Senior Officer