Nexa Resources (Nexa Resources) Debt-to-EBITDA : 4.15 (As of Mar. 2024)

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What is Nexa Resources Debt-to-EBITDA?

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

Nexa Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $136 Mil. Nexa Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1,616 Mil. Nexa Resources's annualized EBITDA for the quarter that ended in Mar. 2024 was $422 Mil. Nexa Resources's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 4.15.

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

NEXA' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -6.73 Med: 2.5 Max: 10.22
Current: 10.22

During the past 10 years, the highest Debt-to-EBITDA Ratio of Nexa Resources was 10.22. The lowest was -6.73. And the median was 2.50.

NEXA's Debt-to-EBITDA is ranked worse than
88.58% of 534 companies
in the Metals & Mining industry
Industry Median: 1.98 vs NEXA: 10.22

Nexa Resources Debt-to-EBITDA Historical Data

The historical data trend for Nexa Resources'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.

Nexa Resources Debt-to-EBITDA Chart

Nexa Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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8.11

-6.73

2.46

2.50

9.12

Nexa Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-EBITDA	Get a 7-Day Free Trial															3.37	-30.32	8.35	14.50	4.15

Competitive Comparison of Nexa Resources's Debt-to-EBITDA

For the Other Industrial Metals & Mining subindustry, Nexa Resources'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.

Nexa Resources's Debt-to-EBITDA Distribution in the Metals & Mining Industry

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

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

Nexa Resources Debt-to-EBITDA Calculation

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

Nexa Resources'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
	=	(146.962	+	1587.822)	/	190.254
	=	9.12

Nexa Resources's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(135.939	+	1615.599)	/	421.956
	=	4.15

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 (Mar. 2024) EBITDA data.

Nexa Resources (NYSE:NEXA) 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.

Nexa Resources Debt-to-EBITDA Related Terms

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

Nexa Resources (Nexa Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nexa Resources SA (NYSE:NEXA) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

NE0:Germany NE0:Germany

Address

37A, Avenue J.F. Kennedy, Luxembourg, LUX, L-1855

Website

https://www.nexaresources.com

Nexa Resources SA is a low-cost integrated zinc producer. It produces copper, lead, silver, and gold as byproducts. The company operates through two segments namely Mining and Smelting. Its Mining segment consists of various operating units includes mineral exploration activities and the production of zinc concentrates, copper concentrates and lead concentrates. The Smelting segment comprises operating units which include facilities recovering and refining zinc metal out of feed materials such as zinc concentrates or secondary feed materials. It generates maximum revenue from the Smelting segment. Geographically It has a presence in Brazil, Peru, the United States of America, Switzerland, Japan, Argentina, South Korea, Colombia, Vietnam, Malaysia and other countries.