Lightning Minerals (ASX:L1M) Debt-to-EBITDA : -0.03 (As of Dec. 2023)

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What is Lightning Minerals Debt-to-EBITDA?

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

Lightning Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.06 Mil. Lightning Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Lightning Minerals's annualized EBITDA for the quarter that ended in Dec. 2023 was A$-2.07 Mil. Lightning Minerals's annualized Debt-to-EBITDA for the quarter that ended in Dec. 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 Lightning Minerals's Debt-to-EBITDA or its related term are showing as below:

ASX:L1M' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.04 Med: -0.04 Max: -0.03
Current: -0.03

During the past 1 years, the highest Debt-to-EBITDA Ratio of Lightning Minerals was -0.03. The lowest was -0.04. And the median was -0.04.

ASX:L1M's Debt-to-EBITDA is ranked worse than
100% of 531 companies
in the Metals & Mining industry
Industry Median: 1.98 vs ASX:L1M: -0.03

Lightning Minerals Debt-to-EBITDA Historical Data

The historical data trend for Lightning Minerals'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.

Lightning Minerals Debt-to-EBITDA Chart

Lightning Minerals Annual Data

Trend

Jun23

Debt-to-EBITDA

-0.04

Lightning Minerals Semi-Annual Data
	Dec22	Jun23	Dec23
Debt-to-EBITDA	-0.05	-0.05	-0.03

Competitive Comparison of Lightning Minerals's Debt-to-EBITDA

For the Other Industrial Metals & Mining subindustry, Lightning Minerals'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.

Lightning Minerals's Debt-to-EBITDA Distribution in the Metals & Mining Industry

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

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

Lightning Minerals Debt-to-EBITDA Calculation

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

Lightning Minerals'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
	=	(0.069	+	0.02)	/	-2.131
	=	-0.04

Lightning Minerals's annualized Debt-to-EBITDA for the quarter 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
	=	(0.057	+	0)	/	-2.066
	=	-0.03

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 (Dec. 2023) EBITDA data.

Lightning Minerals (ASX:L1M) 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.

Lightning Minerals Debt-to-EBITDA Related Terms

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

Lightning Minerals (ASX:L1M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lightning Minerals Ltd (ASX:L1M) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

505 Little Collins Street,, Level 6, Melbourne, VIC, AUS, 3000

Website

https://www.lightningminerals.com.au

Lightning Minerals Ltd is a mining exploration company. Its exploration is focused on battery minerals such as Lithium, Nickel, Cobalt, Copper, and PGEs. It holds interest in Dundas Project; Mailman Hill Project; Mount Jewell Project; and Mt Bartle Project. Lightning Minerals sees a growing demand for Lithium, Nickel, Cobalt, Copper, and PGEs. Exploration is focused on fulfilling this critical minerals deficit.

Lightning Minerals (ASX:L1M) Headlines

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