Somerset Minerals (ASX:SMM) Debt-to-EBITDA : -0.01 (As of Dec. 2024)

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What is Somerset Minerals Debt-to-EBITDA?

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

Somerset Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$0.01 Mil. Somerset Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$0.00 Mil. Somerset Minerals's annualized EBITDA for the quarter that ended in Dec. 2024 was A$-1.93 Mil. Somerset Minerals's annualized Debt-to-EBITDA for the quarter that ended in Dec. 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 Somerset Minerals's Debt-to-EBITDA or its related term are showing as below:

ASX:SMM' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.06 Med: -0.05 Max: -0.01
Current: -0.01

During the past 6 years, the highest Debt-to-EBITDA Ratio of Somerset Minerals was -0.01. The lowest was -0.06. And the median was -0.05.

ASX:SMM's Debt-to-EBITDA is ranked worse than
100% of 529 companies
in the Metals & Mining industry
Industry Median: 1.58 vs ASX:SMM: -0.01

Somerset Minerals Debt-to-EBITDA Historical Data

The historical data trend for Somerset Minerals'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.

Somerset Minerals Debt-to-EBITDA Chart

Somerset Minerals Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-EBITDA

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-0.05

-0.06

Somerset Minerals Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Debt-to-EBITDA	Get a 7-Day Free Trial								-0.05	-	-	-	-0.01

Competitive Comparison of Somerset Minerals's Debt-to-EBITDA

For the Other Industrial Metals & Mining subindustry, Somerset Minerals'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.

Somerset Minerals's Debt-to-EBITDA Distribution in the Metals & Mining Industry

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

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

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Somerset Minerals Debt-to-EBITDA Calculation

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

Somerset Minerals's Debt-to-EBITDA for the fiscal year that ended in Jun. 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)	/	-1.902
	=	0.00

Somerset Minerals's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.01	+	0)	/	-1.932
	=	-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 two times the quarterly (Dec. 2024) EBITDA data.

Somerset Minerals (ASX:SMM) 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.

Somerset Minerals Debt-to-EBITDA Related Terms

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

Somerset Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Somerset Minerals Ltd (ASX:SMM) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

TMRFF:USA 4W00:Germany

Address

22 Mount Street, Level 2, Perth, WA, AUS, 6000

Website

https://www.somersetminerals.com.au

Somerset Minerals Ltd is a mineral exploration company focusing on exploring and developing Gold, copper, and other mineral opportunities. The projects of the company include the Claypan Dam Project, the Montejinni Project, the Blackdome-Elizabeth Gold Project, and the Zamora Project. Its operating segments are Corporate Activities Australia, Exploration Activities Canada, and Exploration Activities Educator.