Katanga Mining Net debt/EBITDA
What is the Net debt/EBITDA of Katanga Mining?
The Net debt/EBITDA of Katanga Mining Ltd. is -1,004.76
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 Katanga Mining
What does Katanga Mining do?
Katanga Mining Limited, through its subsidiaries, engages in the copper and cobalt mining, and related activities in the Democratic Republic of Congo. It is involved in the exploration, mining, refurbishment, rehabilitation, development, and operation of the Kamoto/Mashamba East mining complex; the Kamoto Oliveira Virgule copper and cobalt mine; T17 open pit and underground mines; various oxide open pit resources; the Kamoto concentrator; and the Luilu metallurgical plant. The company was incorporated in 1996 and is headquartered in Whitehorse, Canada. Katanga Mining Limited is a subsidiary of Glencore International AG.
Companies with net debt/ebitda similar to Katanga Mining
- Inventis has Net debt/EBITDA of -1,284.64
- Fullsun International Co has Net debt/EBITDA of -1,209.16
- QIWI plc has Net debt/EBITDA of -1,163.54
- Mustera Property has Net debt/EBITDA of -1,085.15
- New York City REIT has Net debt/EBITDA of -1,060.81
- Riskified has Net debt/EBITDA of -1,036.13
- Katanga Mining has Net debt/EBITDA of -1,004.76
- Huize Ltd has Net debt/EBITDA of -999.04
- LATAM Airlines S.A has Net debt/EBITDA of -946.41
- Microstrategy has Net debt/EBITDA of -910.04
- Carpinienne de Participations has Net debt/EBITDA of -865.36
- Jiahua Stores has Net debt/EBITDA of -832.85
- Spirit Aerosystems Inc has Net debt/EBITDA of -830.84