Corsa Coal (Corsa Coal) Debt-to-EBITDA : -1.86 (As of Dec. 2023)

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What is Corsa Coal Debt-to-EBITDA?

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

Corsa Coal's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.5 Mil. Corsa Coal's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $20.2 Mil. Corsa Coal's annualized EBITDA for the quarter that ended in Dec. 2023 was $-11.6 Mil. Corsa Coal's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -1.86.

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 Corsa Coal's Debt-to-EBITDA or its related term are showing as below:

CRSXF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -4.37 Med: -0.03 Max: 1.59
Current: 0.51

During the past 13 years, the highest Debt-to-EBITDA Ratio of Corsa Coal was 1.59. The lowest was -4.37. And the median was -0.03.

CRSXF's Debt-to-EBITDA is ranked better than
83.2% of 494 companies
in the Steel industry
Industry Median: 2.675 vs CRSXF: 0.51

Corsa Coal Debt-to-EBITDA Historical Data

The historical data trend for Corsa Coal'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.

Corsa Coal Debt-to-EBITDA Chart

Corsa Coal Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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0.96

-0.91

1.59

-2.53

0.51

Corsa Coal Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial															-0.63	1.30	0.58	0.30	-1.86

Competitive Comparison of Corsa Coal's Debt-to-EBITDA

For the Coking Coal subindustry, Corsa Coal'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.

Corsa Coal's Debt-to-EBITDA Distribution in the Steel Industry

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

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

Corsa Coal Debt-to-EBITDA Calculation

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

Corsa Coal'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
	=	(1.507	+	20.157)	/	42.595
	=	0.51

Corsa Coal'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
	=	(1.507	+	20.157)	/	-11.632
	=	-1.86

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 (Dec. 2023) EBITDA data.

Corsa Coal (OTCPK:CRSXF) 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.

Corsa Coal Debt-to-EBITDA Related Terms

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

Corsa Coal (Corsa Coal) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Corsa Coal Corp (OTCPK:CRSXF) » Definitions » Debt-to-EBITDA

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Traded in Other Exchanges

CSO:Canada

Address

1576 Stoystown Road, PO Box 260, Friedens, PA, USA, 15541

Website

https://www.corsacoal.com

Corsa Coal Corp is a coal mining company focused on the production and sales of metallurgical coal, an essential ingredient in the production of steel. Its core business is producing and selling metallurgical coal to domestic and international steel and coke producers in the Atlantic and Pacific basin markets. Its segments are Northern Appalachia (NAPP) and the company's corporate office. NAPP is a distinct operating segment based on its metallurgical coal operations and location in the U.S. along the Northern Appalachia coal belt. The company's corporate office provides support and manages the mining investments.

Corsa Coal (Corsa Coal) Headlines

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