TRX Gold (TRX Gold) Debt-to-EBITDA : 0.01 (As of Nov. 2023)

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What is TRX Gold Debt-to-EBITDA?

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

TRX Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.05 Mil. TRX Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.03 Mil. TRX Gold's annualized EBITDA for the quarter that ended in Nov. 2023 was $8.49 Mil. TRX Gold's annualized Debt-to-EBITDA for the quarter that ended in Nov. 2023 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 TRX Gold's Debt-to-EBITDA or its related term are showing as below:

TRX' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1.42 Med: -0.31 Max: 0.01
Current: 0.01

During the past 13 years, the highest Debt-to-EBITDA Ratio of TRX Gold was 0.01. The lowest was -1.42. And the median was -0.31.

TRX's Debt-to-EBITDA is ranked better than
99.82% of 543 companies
in the Metals & Mining industry
Industry Median: 2.04 vs TRX: 0.01

TRX Gold Debt-to-EBITDA Historical Data

The historical data trend for TRX Gold'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.

TRX Gold Debt-to-EBITDA Chart

TRX Gold Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-EBITDA

Get a 7-Day Free Trial

-0.24

-0.55

0.01

TRX Gold Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Debt-to-EBITDA	Get a 7-Day Free Trial															0.01	0.02	0.01	0.01	0.01

Competitive Comparison of TRX Gold's Debt-to-EBITDA

For the Gold subindustry, TRX Gold'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.

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

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

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

TRX Gold Debt-to-EBITDA Calculation

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

TRX Gold's Debt-to-EBITDA for the fiscal year that ended in Aug. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.065	+	0.036)	/	15.445
	=	0.01

TRX Gold's annualized Debt-to-EBITDA for the quarter that ended in Nov. 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	+	0.027)	/	8.488
	=	0.01

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 (Nov. 2023) EBITDA data.

TRX Gold (AMEX:TRX) 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.

TRX Gold Debt-to-EBITDA Related Terms

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

TRX Gold (TRX Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » TRX Gold Corp (AMEX:TRX) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

TNX:Canada

Address

277 Lakeshore Road East, Suite 403, Oakville, ON, CAN, L6J 6J3

Website

https://www.trxgold.com

TRX Gold Corp, formerly Tanzanian Gold Corp is a mineral resource company. It is engaged in the acquisition of interests and the exploration of natural resource properties. Its mineral properties are located in the United Republic of Tanzania. The company's main area of interest has been in the exploration and development of gold properties. Its projects include the Buckreef project, Kigosi project, and Itetemia Gold project whereas, its exploration stage project consists of the Lunguya project and the Luhala project.

Executives

Geier International Strategies Fund, Llc	10 percent owner	WACHOVIA FINANCIAL CENTER, 200 SOUTH BISCAYNE BOULEVARD, 27TH FLOOR, MIAMI FL 33131
Geier Capital Llc	10 percent owner	200 SOUTH BISCAYNE BOULEVARD, 27TH FLOOR, MIAMI FL 33131
Geier Group Llc	10 percent owner	200 SOUTH BISCAYNE BOULEVARD, 27TH FLOOR, MIAMI FL 33131
Chris Gibson	10 percent owner	C/O GEIER CAPITAL LLC, 200 SOUTH BISCAYNE BOULEVARD, 27TH FLOOR, MIAMI FL 33131