Nevada Copper Net debt/EBITDA
What is the Net debt/EBITDA of Nevada Copper?
The Net debt/EBITDA of Nevada Copper Corp. is -98.50
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 TSX compared to Nevada Copper
What does Nevada Copper do?
Nevada Copper Corp. engages in the exploration, development, and operation of mineral properties in Nevada. The company explores for copper, gold, and silver ores. Its holds 100% interests in the Pumpkin Hollow property located in Nevada, the United States. Nevada Copper Corp. is based in Reno, Nevada.
Companies with net debt/ebitda similar to Nevada Copper
- Summit Ascent has Net debt/EBITDA of -101.25
- Ascena Retail has Net debt/EBITDA of -100.34
- Xebec Adsorption has Net debt/EBITDA of -100.13
- Hertz Global has Net debt/EBITDA of -99.69
- Craft Brew Alliance has Net debt/EBITDA of -99.25
- iCollege has Net debt/EBITDA of -98.86
- Nevada Copper has Net debt/EBITDA of -98.50
- Playmates Toys has Net debt/EBITDA of -98.32
- Holders Technology plc has Net debt/EBITDA of -97.92
- EYEMAXX Real Estate AG has Net debt/EBITDA of -97.35
- Baidu Inc has Net debt/EBITDA of -96.93
- Trinity Place Inc has Net debt/EBITDA of -96.48
- CPI Aerostructures Inc has Net debt/EBITDA of -95.23