Canada Nickel Co (Canada Nickel Co) Debt-to-EBITDA : -1.10 (As of Jan. 2024)

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What is Canada Nickel Co Debt-to-EBITDA?

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

Canada Nickel Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $12.79 Mil. Canada Nickel Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.14 Mil. Canada Nickel Co's annualized EBITDA for the quarter that ended in Jan. 2024 was $-11.72 Mil. Canada Nickel Co's annualized Debt-to-EBITDA for the quarter that ended in Jan. 2024 was -1.10.

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 Canada Nickel Co's Debt-to-EBITDA or its related term are showing as below:

CNIKF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -5.57 Med: -3.71 Max: -1.65
Current: -1.65

During the past 4 years, the highest Debt-to-EBITDA Ratio of Canada Nickel Co was -1.65. The lowest was -5.57. And the median was -3.71.

CNIKF's Debt-to-EBITDA is ranked worse than
100% of 543 companies
in the Metals & Mining industry
Industry Median: 2.04 vs CNIKF: -1.65

Canada Nickel Co Debt-to-EBITDA Historical Data

The historical data trend for Canada Nickel Co'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.

Canada Nickel Co Debt-to-EBITDA Chart

Canada Nickel Co Annual Data

Trend

Oct20

Oct21

Oct22

Oct23

Debt-to-EBITDA

-5.57

-1.85

Canada Nickel Co Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-EBITDA	Get a 7-Day Free Trial												-1.76	-0.03	-0.04	-1.38	-1.10

Competitive Comparison of Canada Nickel Co's Debt-to-EBITDA

For the Other Industrial Metals & Mining subindustry, Canada Nickel Co'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.

Canada Nickel Co's Debt-to-EBITDA Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Canada Nickel Co's Debt-to-EBITDA falls into.

Canada Nickel Co Debt-to-EBITDA Calculation

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

Canada Nickel Co'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
	=	(12.159	+	0.15)	/	-6.65
	=	-1.85

Canada Nickel Co's annualized Debt-to-EBITDA for the quarter that ended in Jan. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(12.793	+	0.142)	/	-11.716
	=	-1.10

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 (Jan. 2024) EBITDA data.

Canada Nickel Co (OTCPK:CNIKF) 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.

Canada Nickel Co Debt-to-EBITDA Related Terms

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

Canada Nickel Co (Canada Nickel Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canada Nickel Co Inc (OTCPK:CNIKF) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

4E0:Germany CNC:Canada

Address

130 King Street West, Suite 1900, Toronto, ON, CAN, M5X1E3

Website

https://www.canadanickel.com

Canada Nickel Co Inc is advancing the next generation of nickel-cobalt sulphide projects to deliver nickel and cobalt required to feed the high growth electric vehicle and stainless steel markets. The company has applied in multiple jurisdictions to trademark the terms NetZero Nickel, NetZero Cobalt, NetZero Iron and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel and cobalt in low political risk jurisdictions. The firm is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific - mining camp.