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Zonte Metals (FRA:31E) Debt-to-EBITDA : 0.00 (As of Oct. 2023)


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What is Zonte Metals Debt-to-EBITDA?

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

Zonte Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was €0.00 Mil. Zonte Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was €0.00 Mil. Zonte Metals's annualized EBITDA for the quarter that ended in Oct. 2023 was €-0.15 Mil. Zonte Metals's annualized Debt-to-EBITDA for the quarter that ended in Oct. 2023 was 0.00.

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 Zonte Metals's Debt-to-EBITDA or its related term are showing as below:

FRA:31E's Debt-to-EBITDA is not ranked *
in the Metals & Mining industry.
Industry Median: 1.98
* Ranked among companies with meaningful Debt-to-EBITDA only.

Zonte Metals Debt-to-EBITDA Historical Data

The historical data trend for Zonte Metals'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.

Zonte Metals Debt-to-EBITDA Chart

Zonte Metals Annual Data
Trend Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23
Debt-to-EBITDA
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Zonte Metals Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
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Competitive Comparison of Zonte Metals's Debt-to-EBITDA

For the Gold subindustry, Zonte Metals'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.


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

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

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



Zonte Metals Debt-to-EBITDA Calculation

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

Zonte Metals's Debt-to-EBITDA for the fiscal year that ended in Jan. 2023 is calculated as

Zonte Metals'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
=(0 + 0) / -0.152
=0.00

* 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.

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.


Zonte Metals  (FRA:31E) 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.


Zonte Metals Debt-to-EBITDA Related Terms

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


Zonte Metals (FRA:31E) Business Description

Traded in Other Exchanges
Address
20 Fielding Avenue, Dartmouth, NS, CAN, B3B 1E1
Zonte Metals Inc is a Canada-based junior mineral exploration company focused on gold. The company holds interest in various projects namely Wings Point, McConnell's Jest, and Cross Hills.

Zonte Metals (FRA:31E) Headlines

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