Manas Resources Net debt/EBITDA
What is the Net debt/EBITDA of Manas Resources?
The Net debt/EBITDA of Manas Resources Limited is 35.69
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 Manas Resources
What does Manas Resources do?
Manas Resources Limited engages in the acquisition, exploration, evaluation, and development of gold properties in Australia. Its principal properties include the Mbengué project that covers an area of approximately 400 square kilometers; Eburnea project; and Gonsan project comprising 3 exploration permit applications covering a combined area of approximately 1,000 square kilometers located in Côte D'Ivoire. Manas Resources Limited was incorporated in 2007 and is based in Mount Hawthorn, Australia.
Companies with net debt/ebitda similar to Manas Resources
- Flagstar has Net debt/EBITDA of 35.59
- Black Diamond Therapeutics Inc has Net debt/EBITDA of 35.60
- agilon health, inc has Net debt/EBITDA of 35.61
- Haulotte SA has Net debt/EBITDA of 35.62
- Wheeler Real Estate Investment Trust Inc has Net debt/EBITDA of 35.63
- Artea has Net debt/EBITDA of 35.65
- Manas Resources has Net debt/EBITDA of 35.69
- DoorDash Inc has Net debt/EBITDA of 35.72
- Derwent London Plc has Net debt/EBITDA of 35.74
- BXP has Net debt/EBITDA of 35.74
- DroneShield has Net debt/EBITDA of 35.76
- China Engineering has Net debt/EBITDA of 35.79
- Nextcure Inc has Net debt/EBITDA of 35.82