Tolu Minerals (ASX:TOK) Debt-to-EBITDA : -1.06 (As of Dec. 2023)

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What is Tolu Minerals Debt-to-EBITDA?

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

Tolu Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.42 Mil. Tolu Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$4.35 Mil. Tolu Minerals's annualized EBITDA for the quarter that ended in Dec. 2023 was A$-4.50 Mil. Tolu Minerals's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -1.06.

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 Tolu Minerals's Debt-to-EBITDA or its related term are showing as below:

ASX:TOK' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1.93 Med: -1.5 Max: -1.06
Current: -1.06

During the past 4 years, the highest Debt-to-EBITDA Ratio of Tolu Minerals was -1.06. The lowest was -1.93. And the median was -1.50.

ASX:TOK's Debt-to-EBITDA is ranked worse than
100% of 534 companies
in the Metals & Mining industry
Industry Median: 1.965 vs ASX:TOK: -1.06

Tolu Minerals Debt-to-EBITDA Historical Data

The historical data trend for Tolu 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.

Tolu Minerals Debt-to-EBITDA Chart

Tolu Minerals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

N/A

-1.93

-1.06

Tolu Minerals Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Debt-to-EBITDA	N/A	-	-1.93	-1.06

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

For the Other Precious Metals & Mining subindustry, Tolu 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.

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

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

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

Tolu Minerals Debt-to-EBITDA Calculation

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

Tolu Minerals'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
	=	(0.419	+	4.347)	/	-4.504
	=	-1.06

Tolu 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
	=	(0.419	+	4.347)	/	-4.504
	=	-1.06

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 (Dec. 2023) EBITDA data.

Tolu Minerals (ASX:TOK) 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.

Tolu Minerals Debt-to-EBITDA Related Terms

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

Tolu Minerals (ASX:TOK) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 5, Ground Floor, Turumu Haus, Spring Garden, Gordons, Moresby North East, Port Moresby, PNG, 121

Website

https://www.toluminerals.com

Tolu Minerals Ltd is an emerging exploration company with rights to three significant gold and silver and copper resource opportunities in PNG. Its projects include the Tolukuma Gold Mine, the Tolukuma Gold Mine, and the Mt Penck Tenement.