Gold Flora (NEOE:GRAM) Debt-to-EBITDA : -1.24 (As of Dec. 2023)

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What is Gold Flora Debt-to-EBITDA?

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

Gold Flora's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$32.88 Mil. Gold Flora's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$188.73 Mil. Gold Flora's annualized EBITDA for the quarter that ended in Dec. 2023 was C$-178.65 Mil. Gold Flora's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -1.24.

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

NEOE:GRAM' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 11.96 Med: 302.24 Max: 592.52
Current: 23.25

During the past 2 years, the highest Debt-to-EBITDA Ratio of Gold Flora was 592.52. The lowest was 11.96. And the median was 302.24.

NEOE:GRAM's Debt-to-EBITDA is ranked worse than
100% of 33 companies
in the Tobacco Products industry
Industry Median: 1.88 vs NEOE:GRAM: 23.25

Gold Flora Debt-to-EBITDA Historical Data

The historical data trend for Gold Flora'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 Flora Debt-to-EBITDA Chart

Gold Flora Annual Data

Trend

Dec22

Dec23

Debt-to-EBITDA

11.96

592.52

Gold Flora Quarterly Data
	Sep22	Dec22	Sep23	Dec23
Debt-to-EBITDA	-	2.49	1.04	-1.24

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

For the Tobacco subindustry, Gold Flora'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 Flora's Debt-to-EBITDA Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Gold Flora's Debt-to-EBITDA distribution charts can be found below:

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

Gold Flora Debt-to-EBITDA Calculation

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

Gold Flora'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
	=	(32.875	+	188.728)	/	0.374
	=	592.52

Gold Flora'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
	=	(32.875	+	188.728)	/	-178.652
	=	-1.24

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 four times the quarterly (Dec. 2023) EBITDA data.

Gold Flora (NEOE:GRAM) 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 Flora Debt-to-EBITDA Related Terms

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

Gold Flora (NEOE:GRAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Gold Flora Corp (NEOE:GRAM) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

GRAM:USA

Address

3165 Red Hill Avenue, Costa Mesa, CA, USA, 92626

Website

https://www.goldflora.com

Gold Flora Corp is one of the few cannabis brands that is vertically integrated and woman-owned and operated. Gold Flora started with a mission to provide an easy and consistent way for consumers to enjoy cannabis. After years of hard work and a shared passion for the plant, Gold Flora has become a California powerhouse - with cultivation, manufacturing, extraction, distribution, retail and a portfolio of brands that create an array of superior products that make a difference in people's lives. Its products include disposable vape pens and gold flora flowers.

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