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Gold Hydrogen (ASX:GHY) Debt-to-EBITDA : -0.03 (As of Jun. 2023)


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What is Gold Hydrogen Debt-to-EBITDA?

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

Gold Hydrogen's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.05 Mil. Gold Hydrogen's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.06 Mil. Gold Hydrogen's annualized EBITDA for the quarter that ended in Jun. 2023 was A$-3.21 Mil. Gold Hydrogen's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 was -0.03.

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 Gold Hydrogen's Debt-to-EBITDA or its related term are showing as below:

ASX:GHY' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.03   Med: -0.03   Max: -0.03
Current: -0.03

During the past 2 years, the highest Debt-to-EBITDA Ratio of Gold Hydrogen was -0.03. The lowest was -0.03. And the median was -0.03.

ASX:GHY's Debt-to-EBITDA is ranked worse than
100% of 720 companies
in the Oil & Gas industry
Industry Median: 1.765 vs ASX:GHY: -0.03

Gold Hydrogen Debt-to-EBITDA Historical Data

The historical data trend for Gold Hydrogen'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.

Gold Hydrogen Debt-to-EBITDA Chart

Gold Hydrogen Annual Data
Trend Jun22 Jun23
Debt-to-EBITDA
N/A -0.03

Gold Hydrogen Semi-Annual Data
Jun22 Jun23
Debt-to-EBITDA N/A -0.03

Competitive Comparison of Gold Hydrogen's Debt-to-EBITDA

For the Oil & Gas E&P subindustry, Gold Hydrogen'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.

Gold Hydrogen's Debt-to-EBITDA Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Gold Hydrogen's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Gold Hydrogen's Debt-to-EBITDA falls into.


Gold Hydrogen Debt-to-EBITDA Calculation

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

Gold Hydrogen's Debt-to-EBITDA for the fiscal year 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
=(0.051 + 0.057) / -3.205
=-0.03

Gold Hydrogen'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
=(0.051 + 0.057) / -3.205
=-0.03

* 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.

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

Gold Hydrogen  (ASX:GHY) 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.

Gold Hydrogen Debt-to-EBITDA Related Terms

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

Gold Hydrogen (ASX:GHY) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gold Hydrogen Ltd (ASX:GHY) » Definitions » Debt-to-EBITDA
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Traded in Other Exchanges
GHYLF:USA
Address
110 Eagle Street, Suite 3, Level 14, Brisbane, QLD, AUS, 4000
Website
https://www.goldhydrogen.com.au
Gold Hydrogen Ltd engages in the exploration of a natural hydrogen prospective resource in Australia. It holds 100% interest in the Ramsay Project, a Gold Hydrogen exploration project in South Australia.