Adamant DRI Processing and Minerals Group (Adamant DRI Processing and Minerals Group) Debt-to-EBITDA : -0.09 (As of Sep. 2023)

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What is Adamant DRI Processing and Minerals Group Debt-to-EBITDA?

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

Adamant DRI Processing and Minerals Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.01 Mil. Adamant DRI Processing and Minerals Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Adamant DRI Processing and Minerals Group's annualized EBITDA for the quarter that ended in Sep. 2023 was $-0.13 Mil. Adamant DRI Processing and Minerals Group's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 was -0.09.

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 Adamant DRI Processing and Minerals Group's Debt-to-EBITDA or its related term are showing as below:

ADMG' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -4.24 Med: -0.13 Max: 4.44
Current: -0.16

During the past 13 years, the highest Debt-to-EBITDA Ratio of Adamant DRI Processing and Minerals Group was 4.44. The lowest was -4.24. And the median was -0.13.

ADMG's Debt-to-EBITDA is ranked worse than
100% of 126 companies
in the Diversified Financial Services industry
Industry Median: 4.24 vs ADMG: -0.16

Adamant DRI Processing and Minerals Group Debt-to-EBITDA Historical Data

The historical data trend for Adamant DRI Processing and Minerals Group'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.

Adamant DRI Processing and Minerals Group Debt-to-EBITDA Chart

Adamant DRI Processing and Minerals Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec20

Dec21

Dec22

Debt-to-EBITDA

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4.44

-0.31

Adamant DRI Processing and Minerals Group Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-EBITDA	Get a 7-Day Free Trial															-0.30	-0.46	-0.60	-0.28	-0.09

Competitive Comparison of Adamant DRI Processing and Minerals Group's Debt-to-EBITDA

For the Shell Companies subindustry, Adamant DRI Processing and Minerals Group'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.

Adamant DRI Processing and Minerals Group's Debt-to-EBITDA Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Adamant DRI Processing and Minerals Group's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Adamant DRI Processing and Minerals Group's Debt-to-EBITDA falls into.

Adamant DRI Processing and Minerals Group Debt-to-EBITDA Calculation

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

Adamant DRI Processing and Minerals Group's Debt-to-EBITDA for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.022	+	0)	/	-0.072
	=	-0.31

Adamant DRI Processing and Minerals Group's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.012	+	0)	/	-0.132
	=	-0.09

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 (Sep. 2023) EBITDA data.

Adamant DRI Processing and Minerals Group (OTCPK:ADMG) 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.

Adamant DRI Processing and Minerals Group Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Adamant DRI Processing and Minerals Group's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

Adamant DRI Processing and Minerals Group (Adamant DRI Processing and Minerals Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Adamant DRI Processing and Minerals Group (OTCPK:ADMG) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

99 East State Street, No.202, Eagle, ID, USA, 83616

Website

https://www.adamant-dri.com

Adamant DRI Processing and Minerals Group is a shell company.

Executives

Nicholas Aaron Parks	director, 10 percent owner, officer: President, Secretary/Treasurer	5010 THORNBROOK RIDGE, COLUMBIA MO 65203
Changqing Han	10 percent owner	C/O TARGET ACQUISITIONS I, INC., CHUNSHUGOU LUANZHUANG VLG, ZHUOLU COUNTY, ZHANGJIAKOU, HEBEI PROVINCE F4 075600
Jiazhen Liu	10 percent owner	C/O TARGET ACQUISITIONS I, INC., CHUNSHUGOU LUANZHUANG VLG, ZHUOLU COUNTY, ZHANGJIAKOU, HEBEI PROVINCE F4 075600
Changkui Zhu	director, officer: Chief Executive Officer	C/O TARGET ACQUISITIONS I, INC., CHUNSHUGOU LUANZHUANG VLG, ZHUOLU COUNTY, ZHANGJIAKOU, HEBEI PROVINCE F4 075600
Omar Cunha	director, 10 percent owner, officer: Vice President	UNITY VENTURE CAPITAL ASSOCIATES LTD., C/O UHF INC., 1270 AVE. OF THE AMERICAS, NEW YORK NY 10020
Van Voorst Vader Peter	director, 10 percent owner	UNITY VENTURE CAPITAL ASSOCIATES LTD., C/O UHF INC., 1270 AVE. OF THE AMERICAS, NEW YORK NY 10020
Lawrence Burstein	director, 10 percent owner, officer: Secretary and Treasurer	C/O UNITY VENTURE CAPITAL ASSOCIATES LTD, 245 FIFTH AVENUE, SUITE 1500, NEW YORK NY 10016
Sidney Levy	director, 10 percent owner	UNITY VENTURE CAPITAL ASSOCIATES LTD., C/O UHF INC., 1270 AVE. OF THE AMERICAS, NEW YORK NY 10020
Vincent J Mcgill	director	C/O EATON & VAN WINKLE LLP, 3 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10016
Nissen Holdings & Co Ltd.	10 percent owner	UNITY VENTURE CAPITAL ASSOCIATES LTD., C/O UHF INC., 1270 AVE. OF THE AMERICAS, NEW YORK NY 10020
Ronald C Schmeiser	director, officer: President	6015 HOWE STREET, PITTSBURGH PA 15204
Dachris Ltd.	10 percent owner	60 PORT PERRY ROAD, NORTH VERSAILLES PA 15137

Adamant DRI Processing and Minerals Group (Adamant DRI Processing and Minerals Group) Headlines

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