Cannon Resources (ASX:CNR) Debt-to-EBITDA : 0.00 (As of Dec. 2021)

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What is Cannon Resources Debt-to-EBITDA?

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

Cannon Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2021 was A$0.00 Mil. Cannon Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2021 was A$0.00 Mil. Cannon Resources's annualized EBITDA for the quarter that ended in Dec. 2021 was A$-7.04 Mil. Cannon Resources's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2021 was 0.00.

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 Cannon Resources's Debt-to-EBITDA or its related term are showing as below:

ASX:CNR's Debt-to-EBITDA is not ranked ^*
in the Metals & Mining industry.
Industry Median: 2.04
* Ranked among companies with meaningful Debt-to-EBITDA only.

Cannon Resources Debt-to-EBITDA Historical Data

The historical data trend for Cannon Resources'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.

Cannon Resources Debt-to-EBITDA Chart

Cannon Resources Annual Data

Trend

Jun22

Debt-to-EBITDA

Cannon Resources Semi-Annual Data
	Dec21	Jun22
Debt-to-EBITDA	-	-

Competitive Comparison of Cannon Resources's Debt-to-EBITDA

For the Other Industrial Metals & Mining subindustry, Cannon Resources'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.

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

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

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

Cannon Resources Debt-to-EBITDA Calculation

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

Cannon Resources's Debt-to-EBITDA for the fiscal year that ended in Jun. 2022 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0	+	0)	/	-6.647
	=	0.00

Cannon Resources's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2021 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0	+	0)	/	-7.04
	=	0.00

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. 2021) EBITDA data.

Cannon Resources (ASX:CNR) 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.

Cannon Resources Debt-to-EBITDA Related Terms

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

Cannon Resources (ASX:CNR) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

87 Colin Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.cannonres.com.au

Cannon Resources Ltd is a mineral exploration and development company. It is engaged in two projects located in the North-Eastern Goldfields region of Western Australia. The Fisher East Project contains nickel deposits of Camelwood, Cannonball, and Musket; and the Collurabbie Project. The Group operates within the mineral exploration industry in Australia.