Nickel 28 Capital (Nickel 28 Capital) Debt-to-EBITDA : 7.07 (As of Oct. 2023)

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What is Nickel 28 Capital Debt-to-EBITDA?

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

Nickel 28 Capital's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $11.08 Mil. Nickel 28 Capital's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $37.96 Mil. Nickel 28 Capital's annualized EBITDA for the quarter that ended in Oct. 2023 was $6.94 Mil. Nickel 28 Capital's annualized Debt-to-EBITDA for the quarter that ended in Oct. 2023 was 7.07.

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 Nickel 28 Capital's Debt-to-EBITDA or its related term are showing as below:

CONXF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.78 Med: 4.03 Max: 13.5
Current: 5.88

During the past 4 years, the highest Debt-to-EBITDA Ratio of Nickel 28 Capital was 13.50. The lowest was 3.78. And the median was 4.03.

CONXF's Debt-to-EBITDA is ranked worse than
78.82% of 543 companies
in the Metals & Mining industry
Industry Median: 1.99 vs CONXF: 5.88

Nickel 28 Capital Debt-to-EBITDA Historical Data

The historical data trend for Nickel 28 Capital'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.

Nickel 28 Capital Debt-to-EBITDA Chart

Nickel 28 Capital Annual Data

Trend

Dec19

Dec20

Jan22

Jan23

Debt-to-EBITDA

N/A

13.50

4.03

3.78

Nickel 28 Capital Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Debt-to-EBITDA	Get a 7-Day Free Trial											2.14	3.32	11.72	10.65	7.07

Competitive Comparison of Nickel 28 Capital's Debt-to-EBITDA

For the Other Industrial Metals & Mining subindustry, Nickel 28 Capital'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.

Nickel 28 Capital's Debt-to-EBITDA Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Nickel 28 Capital's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Nickel 28 Capital's Debt-to-EBITDA falls into.

Nickel 28 Capital Debt-to-EBITDA Calculation

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

Nickel 28 Capital's Debt-to-EBITDA for the fiscal year that ended in Jan. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(21.322	+	34.577)	/	14.794
	=	3.78

Nickel 28 Capital's annualized Debt-to-EBITDA for the quarter 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
	=	(11.08	+	37.956)	/	6.94
	=	7.07

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 (Oct. 2023) EBITDA data.

Nickel 28 Capital (OTCPK:CONXF) 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.

Nickel 28 Capital Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Nickel 28 Capital's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

Nickel 28 Capital (Nickel 28 Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nickel 28 Capital Corp (OTCPK:CONXF) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

3JC:Germany NKL:Canada

Address

155 University Avenue, Suite 1240, Toronto, ON, CAN, M5H 3B7

Website

https://www.nickel28.com

Nickel 28 Capital Corp is a nickel-cobalt producer in Canada. Nickel-cobalt production comes from its joint-venture interest in the Ramu Nickel-Cobalt Operation located in Papua New Guinea provides it with significant attributable nickel and cobalt production thereby offering shareholders direct exposure to two metals that are critical to the adoption of electric vehicles. In addition, the company manages a portfolio of around 13 nickel and cobalt royalties on development and exploration projects in Canada, Australia, and Papua New Guinea.