Brazilian Rare Earths (ASX:BRE) Debt-to-EBITDA : -0.04 (As of Jun. 2023)

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What is Brazilian Rare Earths Debt-to-EBITDA?

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

Brazilian Rare Earths's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.53 Mil. Brazilian Rare Earths's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.00 Mil. Brazilian Rare Earths's annualized EBITDA for the quarter that ended in Jun. 2023 was A$-12.00 Mil. Brazilian Rare Earths's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 was -0.04.

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 Brazilian Rare Earths's Debt-to-EBITDA or its related term are showing as below:

ASX:BRE' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -2.3 Med: -1.29 Max: -0.28
Current: -0.28

During the past 2 years, the highest Debt-to-EBITDA Ratio of Brazilian Rare Earths was -0.28. The lowest was -2.30. And the median was -1.29.

ASX:BRE's Debt-to-EBITDA is ranked worse than
100% of 536 companies
in the Metals & Mining industry
Industry Median: 1.98 vs ASX:BRE: -0.28

Brazilian Rare Earths Debt-to-EBITDA Historical Data

The historical data trend for Brazilian Rare Earths'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.

Brazilian Rare Earths Debt-to-EBITDA Chart

Brazilian Rare Earths Annual Data

Trend

Dec22

Dec23

Debt-to-EBITDA

-2.30

-0.28

Brazilian Rare Earths Semi-Annual Data
	Dec22	Jun23	Dec23
Debt-to-EBITDA	N/A	-0.04	-0.17

Competitive Comparison of Brazilian Rare Earths's Debt-to-EBITDA

For the Other Precious Metals & Mining subindustry, Brazilian Rare Earths'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.

Brazilian Rare Earths's Debt-to-EBITDA Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Brazilian Rare Earths's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Brazilian Rare Earths's Debt-to-EBITDA falls into.

Brazilian Rare Earths Debt-to-EBITDA Calculation

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

Brazilian Rare Earths'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
	=	(7.33	+	3.413)	/	-37.819
	=	-0.28

Brazilian Rare Earths's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.525	+	0)	/	-12.002
	=	-0.04

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 two times the quarterly (Jun. 2023) EBITDA data.

Brazilian Rare Earths (ASX:BRE) 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.

Brazilian Rare Earths Debt-to-EBITDA Related Terms

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

Brazilian Rare Earths (ASX:BRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Brazilian Rare Earths Ltd (ASX:BRE) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

X84:Germany X84:Germany

Address

11-15 Labouchere Road, Suite 53, Level 2, South Perth, WA, AUS, 6151

Website

https://www.brazilianrareearths.com

Brazilian Rare Earths Ltd is an Australian-based company focused on exploring rare earth elements and other critical minerals in Brazil. The company owns and operates a district-scale Tier One Rare Earths Province, located in North Eastern Brazil. The company has a project named Rocha da Rocha Critical Minerals which represents one of the exciting critical minerals discoveries globally.

Brazilian Rare Earths (ASX:BRE) Headlines

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