Tambourah Metals (ASX:TMB) Debt-to-EBITDA : -0.17 (As of Dec. 2023)

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What is Tambourah Metals Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Tambourah Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.05 Mil. Tambourah Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.06 Mil. Tambourah Metals's annualized EBITDA for the quarter that ended in Dec. 2023 was A$-0.69 Mil. Tambourah Metals's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -0.17.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Tambourah Metals's Debt-to-EBITDA or its related term are showing as below:

ASX:TMB' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.24 Med: -0.24 Max: -0.22
Current: -0.22

During the past 2 years, the highest Debt-to-EBITDA Ratio of Tambourah Metals was -0.22. The lowest was -0.24. And the median was -0.24.

ASX:TMB's Debt-to-EBITDA is ranked worse than
100% of 528 companies
in the Metals & Mining industry
Industry Median: 1.98 vs ASX:TMB: -0.22

Tambourah Metals Debt-to-EBITDA Historical Data

The historical data trend for Tambourah Metals's Debt-to-EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Tambourah Metals Debt-to-EBITDA Chart

Tambourah Metals Annual Data

Trend

Jun22

Jun23

Debt-to-EBITDA

-0.24

Tambourah Metals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	-	-	-	-0.38	-0.17

Competitive Comparison of Tambourah Metals's Debt-to-EBITDA

For the Gold subindustry, Tambourah Metals's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tambourah Metals's Debt-to-EBITDA Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Tambourah Metals's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Tambourah Metals's Debt-to-EBITDA falls into.

Tambourah Metals Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Tambourah Metals's Debt-to-EBITDA for the fiscal year that ended in Jun. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.051	+	0.09)	/	-0.577
	=	-0.24

Tambourah Metals's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.053	+	0.063)	/	-0.694
	=	-0.17

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is two times the quarterly (Dec. 2023) EBITDA data.

Tambourah Metals (ASX:TMB) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

Tambourah Metals Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Tambourah Metals's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

Tambourah Metals (ASX:TMB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tambourah Metals Ltd (ASX:TMB) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 2/10 Ord Street, Unit 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.tambourahmetals.com.au

Tambourah Metals Ltd develops high-quality gold and nickel projects. It has two gold projects including Tambourah and Cheela, and two Nickel-PGE-Gold projects including Achilles and Julimar North and others The firm has organised its operations into two reportable segments on the basis of stage of development being Development assets and Exploration and evaluation assets.

Tambourah Metals (ASX:TMB) Headlines

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