Calidus Resources Net debt/EBITDA
What is the Net debt/EBITDA of Calidus Resources?
The Net debt/EBITDA of Calidus Resources Limited is -37.13
What is the definition of Net debt/EBITDA?
The net debt to earnings before interest, taxes, depreciation, and amortization (Net debt/EBITDA) ratio measures financial leverage and the company’s ability to pay off its debt. It shows how long it would take the company to pay off all its debt with operations at the current level.
The net debt to EBITDA ratio is calculated as Net debt divided by EBITDA. It is similar to the debt to EBITDA ratio, but cash and cash equivalents are subtracted in net debt.
Net debt = short-term debt + long-term debt - cash and cash equivalents
EBITDA = net income + interest expense + taxes + depreciation + amortization
Lower debt debt to EBITDA ratio indicates the company is not heavily indebted and should be able to repay its obligations. Alternatively, higher ratio indicated the company is excessively indebted. The ratio varies between industries as different industries have different capital requirements. Usually, the ratio should be compared to a benchmark or an industry average to determine the company’s credit risk. Generally, a net debt to EBITDA ratio above 4 or 5 is considered high.
Net debt/EBITDA of companies in the Materials sector on ASX compared to Calidus Resources
What does Calidus Resources do?
Calidus Resources Limited engages in the exploration and exploitation of gold minerals in Australia. The company holds interests in the Warrawoona Gold project covering an area of approximately 780 square kilometers located in the East Pilbara district of the Pilbara Goldfield in Western Australia; and the Blue Spec project located in the Pilbara Goldfield in Western Australia. It also holds a 70% interest in the Otways gold-copper project located in Western Australia. The company was incorporated in 1986 and is based in West Perth, Australia.
Companies with net debt/ebitda similar to Calidus Resources
- Admiralty Resources NL has Net debt/EBITDA of -37.35
- Doximity has Net debt/EBITDA of -37.31
- Musee Grevin SA has Net debt/EBITDA of -37.29
- Galliford Try Plc has Net debt/EBITDA of -37.18
- Carnival & Plc has Net debt/EBITDA of -37.17
- Costar has Net debt/EBITDA of -37.16
- Calidus Resources has Net debt/EBITDA of -37.13
- Personal Plc has Net debt/EBITDA of -37.13
- Bankfinancial Corp has Net debt/EBITDA of -36.95
- Yext Inc has Net debt/EBITDA of -36.81
- Omineca Mining and Metals has Net debt/EBITDA of -36.71
- Horizonte Minerals Plc has Net debt/EBITDA of -36.62
- Central China Real Estate has Net debt/EBITDA of -36.59