Borealis Mining Co (FRA:L4B0) EBIT : €-5.93 Mil (TTM As of Oct. 2024)

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What is Borealis Mining Co EBIT?

Borealis Mining Co's earnings before interest and taxes (EBIT) for the three months ended in Oct. 2024 was €-2.32 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Oct. 2024 was €-5.93 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Borealis Mining Co's annualized ROC % for the quarter that ended in Oct. 2024 was -227.83%. Borealis Mining Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2024 was -471.41%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Borealis Mining Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Oct. 2024 was -17.51%.

Borealis Mining Co EBIT Historical Data

The historical data trend for Borealis Mining Co's EBIT 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.

Borealis Mining Co EBIT Chart

Borealis Mining Co Annual Data

Trend

Jul23

Jul24

EBIT

-5.47

Borealis Mining Co Quarterly Data
	Apr23	Jul23	Oct23	Apr24	Jul24	Oct24
EBIT	Get a 7-Day Free Trial			-14.19	-0.59	-1.63	-1.98	-2.32

Competitive Comparison of Borealis Mining Co's EBIT

For the Other Industrial Metals & Mining subindustry, Borealis Mining Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.

Borealis Mining Co's EV-to-EBIT Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Borealis Mining Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Borealis Mining Co's EV-to-EBIT falls into.

Borealis Mining Co EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Oct. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-5.93 Mil.

Borealis Mining Co (FRA:L4B0) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Borealis Mining Co's annualized ROC % for the quarter that ended in Oct. 2024 is calculated as:

	ROC % (Q: Oct. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jul. 2024 )	+	Invested Capital (Q: Oct. 2024 ))	/ count )
=	-9.268 * ( 1 - 0% )	/	( (3.773	+	4.363)	/ 2 )
=	-9.268	/	4.068
=	-227.83 %

where

	Invested Capital		(Q: Jul. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	6.799	-	0.597	-	( 2.429	-	max(0, 0.597	-	4.379	+	2.429	))
=	3.773

	Invested Capital		(Q: Oct. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	5.429	-	0.718	-	( 0.348	-	max(0, 0.718	-	3.02	+	0.348	))
=	4.363

Note: The Operating Income data used here is four times the quarterly (Oct. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Borealis Mining Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Oct. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jul. 2024		Q: Oct. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-9.268	/	( ( (0.313 + max(1.353, 0))	+	(0.312 + max(1.954, 0)) )	/	2 )
=	-9.268	/	( ( 1.666	+	2.266 )	/	2 )
=	-9.268	/	1.966
=	-471.41 %

where Working Capital is:

	Working Capital		(Q: Jul. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.119	+	1.207	+	0.624)	-	(0.597	+	0	+	0)
=	1.353

	Working Capital		(Q: Oct. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.901	+	1.221	+	0.55)	-	(0.718	+	0	+	0)
=	1.954

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Oct. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Borealis Mining Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Oct. 2024 )
	=	-5.93	/	33.876
	=	-17.51 %

Borealis Mining Co EBIT Related Terms

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Borealis Mining Co Business Description

Industry

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Traded in Other Exchanges

BOGO:Canada

Address

410 West Georgia Street, 5th Floor, Vancouver, BC, CAN, V6B 1Z3

Website

https://www.borealismining.com

Borealis Mining Co Ltd is an exploration and development stage mining company engaged in the business of acquiring and exploring mineral properties. The company's principal project is the Borealis Project which is a fully permitted silver-gold mine, absorption, desorption, and refining plant, located near Hawthorne, Nevada.

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