Great Panther Mining Net debt/EBITDA
What is the Net debt/EBITDA of Great Panther Mining?
The Net debt/EBITDA of Great Panther Mining Ltd. is -3.74
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 TSX compared to Great Panther Mining
What does Great Panther Mining do?
Great Panther Mining Limited operates as a precious metals mining and exploration company. It explores for gold, silver, copper, lead, and zinc ores. The company operates three mines, including the Tucano gold mine in Amapá State, Brazil, as well as two mines in Mexico; and the Guanajuato mine complex and the Topia mine in Mexico. Its exploration properties also include the El Horcón, Santa Rosa, and Plomo projects in Mexico; and the Argosy project in Canada. The company was formerly known as Great Panther Silver Limited and changed its name to Great Panther Mining Limited in March 2019. Great Panther Mining Limited was incorporated in 1965 and is headquartered in Vancouver, Canada.
Companies with net debt/ebitda similar to Great Panther Mining
- Billion Industrial has Net debt/EBITDA of -3.78
- Moiselle International has Net debt/EBITDA of -3.78
- Keboda has Net debt/EBITDA of -3.77
- Mimecast Ltd has Net debt/EBITDA of -3.77
- Andrews Sykes plc has Net debt/EBITDA of -3.75
- Cairn PLC has Net debt/EBITDA of -3.74
- Great Panther Mining has Net debt/EBITDA of -3.74
- Allkem has Net debt/EBITDA of -3.74
- Orocobre has Net debt/EBITDA of -3.74
- MarketAxess has Net debt/EBITDA of -3.74
- Vista International has Net debt/EBITDA of -3.73
- China Kingstone Mining has Net debt/EBITDA of -3.73
- Renasant has Net debt/EBITDA of -3.73