Omnia Metals Group (ASX:OM1) Debt-to-EBITDA : -0.02 (As of Dec. 2023)

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What is Omnia Metals Group Debt-to-EBITDA?

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

Omnia Metals Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.04 Mil. Omnia Metals Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.01 Mil. Omnia Metals Group's annualized EBITDA for the quarter that ended in Dec. 2023 was A$-2.36 Mil. Omnia Metals Group's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -0.02.

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 Omnia Metals Group's Debt-to-EBITDA or its related term are showing as below:

ASX:OM1' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.17 Med: -0.12 Max: -0.03
Current: -0.03

During the past 2 years, the highest Debt-to-EBITDA Ratio of Omnia Metals Group was -0.03. The lowest was -0.17. And the median was -0.12.

ASX:OM1's Debt-to-EBITDA is not ranked
in the Metals & Mining industry.
Industry Median: 1.98 vs ASX:OM1: -0.03

Omnia Metals Group Debt-to-EBITDA Historical Data

The historical data trend for Omnia Metals 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.

Omnia Metals Group Debt-to-EBITDA Chart

Omnia Metals Group Annual Data

Trend

Jun22

Jun23

Debt-to-EBITDA

-0.17

-0.07

Omnia Metals Group Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	N/A	-0.12	-0.06	-0.02

Competitive Comparison of Omnia Metals Group's Debt-to-EBITDA

For the Other Industrial Metals & Mining subindustry, Omnia Metals 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.

Omnia Metals Group's Debt-to-EBITDA Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Omnia Metals Group's Debt-to-EBITDA falls into.

Omnia Metals Group Debt-to-EBITDA Calculation

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

Omnia Metals Group'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
	=	(0.039	+	0.031)	/	-1.006
	=	-0.07

Omnia Metals Group'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
	=	(0.04	+	0.011)	/	-2.36
	=	-0.02

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.

Omnia Metals Group (ASX:OM1) 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.

Omnia Metals Group Debt-to-EBITDA Related Terms

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

Omnia Metals Group (ASX:OM1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Omnia Metals Group Ltd (ASX:OM1) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Townshend Road, Subiaco, Perth, WA, AUS, 6008

Website

https://www.omniametals.com.au

Omnia Metals Group Ltd is a mineral exploration company focused on exploring copper, nickel, platinum group elements (PGE), and gold. The company holds interest in the Ord Basin Project and the Albany-Fraser Project. Its operating segment includes Exploration and evaluation - in Australia, Exploration and evaluation - in Canada, and Other sectors in corporate.

Omnia Metals Group (ASX:OM1) Headlines

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