Tian Poh Resources Net debt/EBITDA
What is the Net debt/EBITDA of Tian Poh Resources?
The Net debt/EBITDA of Tian Poh Resources Limited is 0.95
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 Tian Poh Resources
What does Tian Poh Resources do?
Tian Poh Resources Limited, together with its subsidiaries, engages in the exploration of mineral properties in Mongolia. It focuses on the exploration of coal, copper, and gold deposits. The company owns a 100% interest in two mining concessions, including the Nuurst thermal coal project located to the south east of Ulaanbaatar. It also has nine exploration licenses located in the mineral provinces of Southern Mongolia. The company's concessions are grouped in five project areas covering an area of approximately 125,000 hectares. Tian Poh Resources Limited was incorporated in 2014 and is based in Singapore.
Companies with net debt/ebitda similar to Tian Poh Resources
- Spey Resources Corp has Net debt/EBITDA of 0.94
- My Foodie Box Ltd has Net debt/EBITDA of 0.94
- Bridgestone has Net debt/EBITDA of 0.94
- 38773 has Net debt/EBITDA of 0.94
- Qualcomm has Net debt/EBITDA of 0.94
- Westwater Resources Inc has Net debt/EBITDA of 0.94
- Tian Poh Resources has Net debt/EBITDA of 0.95
- Avenue Therapeutics Inc has Net debt/EBITDA of 0.95
- Japan Tobacco has Net debt/EBITDA of 0.95
- Inca Minerals has Net debt/EBITDA of 0.95
- Blue Star Gold has Net debt/EBITDA of 0.95
- Pelangio Exploration has Net debt/EBITDA of 0.95
- Catasys has Net debt/EBITDA of 0.95