Minaean SP Construction (TSXV:MSP) Debt-to-EBITDA

: -0.58 (As of Dec. 2023)

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

Minaean SP Construction's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.10 Mil. Minaean SP Construction's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.04 Mil. Minaean SP Construction's annualized EBITDA for the quarter that ended in Dec. 2023 was C$-0.25 Mil. Minaean SP Construction's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -0.58.

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 Minaean SP Construction's Debt-to-EBITDA or its related term are showing as below:

TSXV:MSP' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -16.17 Med: -0.13 Max: -0.04
Current: -0.17

During the past 13 years, the highest Debt-to-EBITDA Ratio of Minaean SP Construction was -0.04. The lowest was -16.17. And the median was -0.13.

TSXV:MSP's Debt-to-EBITDA is ranked worse than
100% of 1306 companies
in the Construction industry
Industry Median: 2.335 vs TSXV:MSP: -0.17

Minaean SP Construction Debt-to-EBITDA Historical Data

The historical data trend for Minaean SP Construction'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.

Minaean SP Construction Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-EBITDA

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-0.13

-0.04

-0.06

Minaean SP Construction 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															-0.49	-0.02	-0.24	-0.47	-0.58

Competitive Comparison

For the Engineering & Construction subindustry, Minaean SP Construction'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.

Minaean SP Construction Debt-to-EBITDA Distribution

For the Construction industry and Industrials sector, Minaean SP Construction's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Minaean SP Construction's Debt-to-EBITDA falls into.

Minaean SP Construction Debt-to-EBITDA Calculation

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

Minaean SP Construction's Debt-to-EBITDA for the fiscal year that ended in Mar. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.02	+	0.037)	/	-0.917
	=	-0.06

Minaean SP Construction'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
	=	(0.104	+	0.04)	/	-0.248
	=	-0.58

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.

Minaean SP Construction (TSXV:MSP) 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.

Minaean SP Construction Debt-to-EBITDA Related Terms

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

Minaean SP Construction (TSXV:MSP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Minaean SP Construction Corp (TSXV:MSP) » Definitions » Debt-to-EBITDA

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NJAN:Germany

Address

1055 West Georgia Street, Suite 2050, P.O. Box 11121, Royal Centre, Vancouver, BC, CAN, V6E 3P3

Website

http://www.minaean.com

Minaean SP Construction Corp is known for its light gauge steel components for the construction industry. The company specializes in Light Gauge Steel Quik-Build Systems and provides a variety of contracting services. Its services include EPC (Engineering, Procurement, Construction) as well as Design-Build capabilities in the residential, commercial, industrial, healthcare, and hospitality sectors.