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West Mining (XCNQ:WEST) Debt-to-EBITDA : -0.01 (As of Jul. 2024)


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What is West Mining Debt-to-EBITDA?

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

West Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2024 was C$0.04 Mil. West Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2024 was C$0.00 Mil. West Mining's annualized EBITDA for the quarter that ended in Jul. 2024 was C$-3.09 Mil. West Mining's annualized Debt-to-EBITDA for the quarter that ended in Jul. 2024 was -0.01.

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 Mining's Debt-to-EBITDA or its related term are showing as below:

XCNQ:WEST' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.05   Med: -0.05   Max: -0.03
Current: -0.03

During the past 7 years, the highest Debt-to-EBITDA Ratio of West Mining was -0.03. The lowest was -0.05. And the median was -0.05.

XCNQ:WEST's Debt-to-EBITDA is ranked worse than
100% of 531 companies
in the Metals & Mining industry
Industry Median: 1.76 vs XCNQ:WEST: -0.03

West Mining Debt-to-EBITDA Historical Data

The historical data trend for West Mining'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 Mining Debt-to-EBITDA Chart

West Mining Annual Data
Trend Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Debt-to-EBITDA
Get a 7-Day Free Trial - - - - -0.05

West Mining Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 -0.24 -0.19 -0.04 -0.12 -0.01

Competitive Comparison of West Mining's Debt-to-EBITDA

For the Other Industrial Metals & Mining subindustry, West Mining'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 Mining's Debt-to-EBITDA Distribution in the Metals & Mining Industry

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

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



West Mining Debt-to-EBITDA Calculation

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

West Mining's Debt-to-EBITDA for the fiscal year that ended in Oct. 2023 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0.051 + 0) / -1.127
=-0.05

West Mining'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
=(0.042 + 0) / -3.092
=-0.01

* 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 (Jul. 2024) EBITDA data.


West Mining  (XCNQ:WEST) 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 Mining Debt-to-EBITDA Related Terms

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


West Mining Business Description

Traded in Other Exchanges
Address
1011 West Cordova Street, Suite 4204, Vancouver, BC, CAN, V6C 0B2
West Mining Corp is a mineral exploration company engaged in the identification, acquisition, and exploration of mineral properties. The company is focused on its Kena gold projects in the Nelson Mining Division of south eastern British Columbia, its Spanish Mountain West and Junker gold projects located in northern British Columbia, and its BLUE COVE project located at the head of Fortune Bay, in southeast Newfoundland.
Executives
Nicholas John Houghton Director
Abbey Abdiye Senior Officer
Andrew Lee Smith Director