PolyMet Mining Net debt/EBITDA
What is the Net debt/EBITDA of PolyMet Mining?
The Net debt/EBITDA of PolyMet Mining Corp. is -23.81
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 PolyMet Mining
What does PolyMet Mining do?
PolyMet Mining Corp., through its subsidiary, Poly Met Mining, Inc., explores for and develops natural resource properties. Its primary mineral property is the NorthMet project, a polymetallic project that hosts copper, nickel, cobalt, gold, silver, and platinum group metal mineralization covering an area of approximately 4,300 acres located in northeastern Minnesota, the United States. The company was formerly known as Fleck Resources Ltd. and changed its name to PolyMet Mining Corp. in June 1998. PolyMet Mining Corp. was incorporated in 1981 and is headquartered in Saint Paul, Minnesota.
Companies with net debt/ebitda similar to PolyMet Mining
- Qidian International Co has Net debt/EBITDA of -23.89
- LongiTech Smart has Net debt/EBITDA of -23.88
- Sport Lisboa e Benfica - Futebol, SAD has Net debt/EBITDA of -23.85
- Cullen Frost Bankers has Net debt/EBITDA of -23.83
- First Solar has Net debt/EBITDA of -23.82
- FirstService Corp has Net debt/EBITDA of -23.82
- PolyMet Mining has Net debt/EBITDA of -23.81
- Elevation Gold Mining Corporati has Net debt/EBITDA of -23.77
- ASX has Net debt/EBITDA of -23.76
- Sparta Commercial Services has Net debt/EBITDA of -23.73
- Global Bio-chem Technology has Net debt/EBITDA of -23.72
- Eolus Vind AB (publ) has Net debt/EBITDA of -23.71
- Canoe EIT Income Fund has Net debt/EBITDA of -23.70