Millrock Resources Net debt/EBITDA
What is the Net debt/EBITDA of Millrock Resources?
The Net debt/EBITDA of Millrock Resources Inc. is 6.70
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 TSXV compared to Millrock Resources
What does Millrock Resources do?
Millrock Resources Inc. engages in the acquisition and exploration of mineral properties. It deposits for gold, copper, porphyry, silver, and other metals. The company holds an interest in the Liberty Bell property covering an area of approximately 6,151 hectares; 64North Gold project covering an area of approximately 1,860 hectares; Chisna DragonSlayer project; and Apex El Nido covering an area of approximately 315 hectares located in Alaska. It also holds an interest in the El Batamote project covering a surface area of 5,796 hectares situated in Mexico. Millrock Resources Inc. was founded in 1979 and is headquartered in Vancouver, Canada.
Companies with net debt/ebitda similar to Millrock Resources
- Pierre & Vacances SA has Net debt/EBITDA of 6.69
- Pierre et Vacances SA has Net debt/EBITDA of 6.69
- Honeywell International Inc has Net debt/EBITDA of 6.69
- Glanbia plc has Net debt/EBITDA of 6.69
- Glanbia plc has Net debt/EBITDA of 6.69
- Goodrich Petroleum has Net debt/EBITDA of 6.69
- Millrock Resources has Net debt/EBITDA of 6.70
- FedEx has Net debt/EBITDA of 6.70
- Pilgrim`s Pride has Net debt/EBITDA of 6.70
- Intersect ENT Inc has Net debt/EBITDA of 6.71
- Treasury Wine Estates has Net debt/EBITDA of 6.71
- Intercontinental Hotels has Net debt/EBITDA of 6.71
- Cyclacel Pharmaceuticals Inc has Net debt/EBITDA of 6.71