Coronado Global Resources (ASX:CRN) Debt-to-EBITDA : -7.60 (As of Dec. 2023)

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What is Coronado Global Resources Debt-to-EBITDA?

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

Coronado Global Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$34 Mil. Coronado Global Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$444 Mil. Coronado Global Resources's annualized EBITDA for the quarter that ended in Dec. 2023 was A$-63 Mil. Coronado Global Resources's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -7.60.

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 Coronado Global Resources's Debt-to-EBITDA or its related term are showing as below:

ASX:CRN' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -8.06 Med: 0.43 Max: 0.94
Current: 0.94

During the past 6 years, the highest Debt-to-EBITDA Ratio of Coronado Global Resources was 0.94. The lowest was -8.06. And the median was 0.43.

ASX:CRN's Debt-to-EBITDA is ranked better than
72.21% of 493 companies
in the Steel industry
Industry Median: 2.63 vs ASX:CRN: 0.94

Coronado Global Resources Debt-to-EBITDA Historical Data

The historical data trend for Coronado Global 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.

Coronado Global Resources Debt-to-EBITDA Chart

Coronado Global Resources Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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0.65

-8.06

0.66

0.21

0.94

Coronado Global Resources Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial						0.34	0.18	0.35	0.40	-7.60

Competitive Comparison of Coronado Global Resources's Debt-to-EBITDA

For the Coking Coal subindustry, Coronado Global 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.

Coronado Global Resources's Debt-to-EBITDA Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Coronado Global Resources's Debt-to-EBITDA distribution charts can be found below:

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

Coronado Global Resources Debt-to-EBITDA Calculation

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

Coronado Global Resources's Debt-to-EBITDA for the fiscal year 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
	=	(34.181	+	443.77)	/	509.866
	=	0.94

Coronado Global Resources'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
	=	(34.181	+	443.77)	/	-62.892
	=	-7.60

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 two times the quarterly (Dec. 2023) EBITDA data.

Coronado Global Resources (ASX:CRN) 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.

Coronado Global Resources Debt-to-EBITDA Related Terms

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

Coronado Global Resources (ASX:CRN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Coronado Global Resources Inc (ASX:CRN) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

CODQL:USA 0QE:Germany

Address

345 Queen Street, Level 33, Central Plaza One, Brisbane, QLD, AUS, 4000

Website

https://www.coronadoglobal.com

Coronado Global Resources Inc is a producer of high-quality metallurgical coal, an essential element in the production of steel. Its geographical segment includes Australia and the United States. It derives the majority of its revenue from Australia. The Company's mining operations and development projects are located in Queensland, Australia, Pennsylvania, Virginia, and West Virginia in the United States.

Coronado Global Resources (ASX:CRN) Headlines

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