Champion Iron Net debt/EBITDA
What is the Net debt/EBITDA of Champion Iron?
The Net debt/EBITDA of Champion Iron Ltd. is -2.32
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 OTC compared to Champion Iron
What does Champion Iron do?
Champion Iron Limited engages in the acquisition, exploration, development, and production of iron ore deposits in North-Eastern Quebec. Its flagship project include the Bloom Lake mine, which consists of BM877 mining lease covering an area of 6,857.63 ha and 53 mining claims comprising an area of approximately 2,458.29 ha located in Quebec, Canada; and the Consolidated Fire Lake North project that includes the Fire Lake North, Don Lake, Bellechasse, and Oil Can deposits situated in northeastern Quebec. The company was formerly known as Champion Iron Mines Limited and changed its name to Champion Iron Limited in March 2014. Champion Iron Limited is headquartered in Rozelle, Australia.
Companies with net debt/ebitda similar to Champion Iron
- Assertio has Net debt/EBITDA of -2.33
- Beijing Bayi Space LCD Technology Co has Net debt/EBITDA of -2.33
- Galantas Gold has Net debt/EBITDA of -2.32
- Lifevantage has Net debt/EBITDA of -2.32
- OFX has Net debt/EBITDA of -2.32
- Fortune Sun (China) has Net debt/EBITDA of -2.32
- Champion Iron has Net debt/EBITDA of -2.32
- Himax Technologies has Net debt/EBITDA of -2.32
- AeroGrow International has Net debt/EBITDA of -2.32
- Singapore Exchange has Net debt/EBITDA of -2.32
- Sekisui House has Net debt/EBITDA of -2.31
- TRX Gold Corp has Net debt/EBITDA of -2.31
- Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft has Net debt/EBITDA of -2.31