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Cornish Metals (TSXV:CUSN) Debt-to-EBITDA : 0.00 (As of Mar. 2024)


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What is Cornish Metals Debt-to-EBITDA?

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

Cornish Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Cornish Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Cornish Metals's annualized EBITDA for the quarter that ended in Mar. 2024 was C$-11.04 Mil. Cornish Metals's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 0.00.

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

During the past 13 years, the highest Debt-to-EBITDA Ratio of Cornish Metals was 7.35. The lowest was -4.97. And the median was -1.16.

TSXV:CUSN's Debt-to-EBITDA is not ranked *
in the Metals & Mining industry.
Industry Median: 2
* Ranked among companies with meaningful Debt-to-EBITDA only.

Cornish Metals Debt-to-EBITDA Historical Data

The historical data trend for Cornish Metals'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.

Cornish Metals Debt-to-EBITDA Chart

Cornish Metals Annual Data
Trend Jan13 Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.51 7.35 -1.25 -4.97 -

Cornish Metals Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Mar24
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Cornish Metals's Debt-to-EBITDA

For the Other Industrial Metals & Mining subindustry, Cornish Metals'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.


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

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

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



Cornish Metals Debt-to-EBITDA Calculation

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

Cornish Metals's Debt-to-EBITDA for the fiscal year that ended in Jan. 2022 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0.004 + 0.001) / -2.866
=-0.00

Cornish Metals'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
=(0 + 0) / -11.036
=0.00

* 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.

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.


Cornish Metals  (TSXV:CUSN) 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.


Cornish Metals Debt-to-EBITDA Related Terms

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


Cornish Metals (TSXV:CUSN) Business Description

Traded in Other Exchanges
Address
789 West Pender Street, Suite 960, Vancouver, BC, CAN, V6C 1H2
Cornish Metals Inc is building a portfolio of strategic metals assets in North America and the United Kingdom, and its flagship project is the past-producing South Crofty underground tin mine in Cornwall, UK. South Crofty is arguably the important historical tin mine in the UK and hosts the highest grade tin resources world wide. The project has the potential to be a high-grade tin producer in Europe.
Executives
Richard David Williams Director
Donald Robert Njegovan Director
Patrick Fergus Neill Anderson Director

Cornish Metals (TSXV:CUSN) Headlines

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