Eagle Mountain Mining Net debt/EBITDA
What is the Net debt/EBITDA of Eagle Mountain Mining?
The Net debt/EBITDA of Eagle Mountain Mining Limited is -1.59
What is the definition of Net debt/EBITDA?
The net debt to earnings before interest, taxes, depreciation, and amortization (Net debt/EBITDA) ratio measures financial leverage and the company’s ability to pay off its debt. It shows how long it would take the company to pay off all its debt with operations at the current level.
The net debt to EBITDA ratio is calculated as Net debt divided by EBITDA. It is similar to the debt to EBITDA ratio, but cash and cash equivalents are subtracted in net debt.
Net debt = short-term debt + long-term debt - cash and cash equivalents
EBITDA = net income + interest expense + taxes + depreciation + amortization
Lower debt debt to EBITDA ratio indicates the company is not heavily indebted and should be able to repay its obligations. Alternatively, higher ratio indicated the company is excessively indebted. The ratio varies between industries as different industries have different capital requirements. Usually, the ratio should be compared to a benchmark or an industry average to determine the company’s credit risk. Generally, a net debt to EBITDA ratio above 4 or 5 is considered high.
Net debt/EBITDA of companies in the Materials sector on ASX compared to Eagle Mountain Mining
What does Eagle Mountain Mining do?
Eagle Mountain Mining Limited, together with its subsidiaries, engages in the exploration of mineral resources in Australia and the United States. It explores for copper, gold, and silver deposits. The company primarily focuses on its 100% owned Oracle Ridge Copper Mine in Arizona, the United States. It also owns 100% interest in the Silver Mountain project consisting of 20 patented mining claims, 420 unpatented mining claims, and 6 state exploration permits located in Arizona. The company was incorporated in 2017 and is based in Nedlands, Australia.
Companies with net debt/ebitda similar to Eagle Mountain Mining
- Sanderson Farms has Net debt/EBITDA of -1.60
- NetScientific plc has Net debt/EBITDA of -1.60
- SMT Scharf AG has Net debt/EBITDA of -1.60
- Costco Wholesale Corp has Net debt/EBITDA of -1.60
- Vico International has Net debt/EBITDA of -1.60
- Evertz Technologies has Net debt/EBITDA of -1.60
- Eagle Mountain Mining has Net debt/EBITDA of -1.59
- B.P. Marsh & Partners PLC has Net debt/EBITDA of -1.59
- Guardant Health Inc has Net debt/EBITDA of -1.59
- West African Resources has Net debt/EBITDA of -1.59
- Netapp Inc has Net debt/EBITDA of -1.59
- ARHT Media has Net debt/EBITDA of -1.59
- Athabasca Oil has Net debt/EBITDA of -1.59