Kalium Lakes Net debt/EBITDA
What is the Net debt/EBITDA of Kalium Lakes?
The Net debt/EBITDA of Kalium Lakes Limited is -41.19
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 Kalium Lakes
What does Kalium Lakes do?
Kalium Lakes Limited operates as an exploration and development company in Australia. It focuses on the development of 100% owned the Beyondie sulphate of potash project, which include 16 granted exploration licenses, two mining leases, and various miscellaneous licenses covering an area of approximately 1,800 square kilometers located in Western Australia. The company was founded in 2014 and is based in Balcatta, Australia.
Companies with net debt/ebitda similar to Kalium Lakes
- Africa Oil has Net debt/EBITDA of -41.63
- Value Partners has Net debt/EBITDA of -41.54
- Value Partners has Net debt/EBITDA of -41.54
- Tian An Australia has Net debt/EBITDA of -41.39
- iLOOKABOUT has Net debt/EBITDA of -41.38
- SINOPEC Engineering () Co has Net debt/EBITDA of -41.25
- Kalium Lakes has Net debt/EBITDA of -41.19
- Argan has Net debt/EBITDA of -41.05
- Tomson has Net debt/EBITDA of -40.96
- China Oriented International has Net debt/EBITDA of -40.76
- Concord Medical Services has Net debt/EBITDA of -40.67
- Brookfield Asset Management Re has Net debt/EBITDA of -40.60
- Canopy Growth has Net debt/EBITDA of -40.47