Mayur Resources Ltd Net debt/EBITDA
What is the Net debt/EBITDA of Mayur Resources Ltd?
The Net debt/EBITDA of Mayur Resources Ltd is -30.21
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 Mayur Resources Ltd
What does Mayur Resources Ltd do?
Mayur Resources Ltd, an investment holding company, engages in the exploration and evaluation of mineral resources. The company operates through Cement and Lime, Iron and Industrial Sands, Coal and Power, and Renewables segments. The Cement and Lime segment includes limestone; and the Central Cement and Lime Project. The Iron and Industrial Sands segment develops Orokolo Bay Iron and Industrial Sands project consisting of construction sands, magnetite sand, and heavy mineral sands located in Papua New Guinea. The Coal and Power segment operates Depot Creek coal resource in the Gulf Project of Papua New Guinea. The Renewables segment invests in forestry carbon credit projects. It also engages in the steel and power generation activities. The company was incorporated in 2011 and is based in Brisbane, Australia.
Companies with net debt/ebitda similar to Mayur Resources Ltd
- Sincere Watch (Hong Kong) has Net debt/EBITDA of -30.54
- Boyaa Interactive International has Net debt/EBITDA of -30.40
- Kovo HealthTech has Net debt/EBITDA of -30.39
- Xinyang Maojian has Net debt/EBITDA of -30.35
- Vizio has Net debt/EBITDA of -30.27
- GECI International S.A has Net debt/EBITDA of -30.24
- Mayur Resources Ltd has Net debt/EBITDA of -30.21
- Able Engineering has Net debt/EBITDA of -30.15
- One Heritage PLC has Net debt/EBITDA of -30.15
- Poly Property Development Co has Net debt/EBITDA of -30.15
- Transmit Entertainment has Net debt/EBITDA of -30.15
- Enzon Pharmaceuticals has Net debt/EBITDA of -30.07
- Nevada Copper has Net debt/EBITDA of -29.98