Future Battery Minerals (ASX:FBM) Debt-to-EBITDA : -0.01 (As of Dec. 2023)

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What is Future Battery Minerals Debt-to-EBITDA?

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

Future Battery Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.05 Mil. Future Battery Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.03 Mil. Future Battery Minerals's annualized EBITDA for the quarter that ended in Dec. 2023 was A$-6.98 Mil. Future Battery Minerals's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -0.01.

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 Future Battery Minerals's Debt-to-EBITDA or its related term are showing as below:

ASX:FBM' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -3.65 Med: -0.1 Max: -0.02
Current: -0.02

During the past 11 years, the highest Debt-to-EBITDA Ratio of Future Battery Minerals was -0.02. The lowest was -3.65. And the median was -0.10.

ASX:FBM's Debt-to-EBITDA is ranked worse than
100% of 528 companies
in the Metals & Mining industry
Industry Median: 1.98 vs ASX:FBM: -0.02

Future Battery Minerals Debt-to-EBITDA Historical Data

The historical data trend for Future Battery Minerals'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.

Future Battery Minerals Debt-to-EBITDA Chart

Future Battery Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-EBITDA

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-0.10

-0.04

-0.05

Future Battery Minerals Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial															-0.12	-0.02	-0.04	-0.09	-0.01

Competitive Comparison of Future Battery Minerals's Debt-to-EBITDA

For the Other Industrial Metals & Mining subindustry, Future Battery Minerals'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.

Future Battery Minerals's Debt-to-EBITDA Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Future Battery Minerals's Debt-to-EBITDA falls into.

Future Battery Minerals Debt-to-EBITDA Calculation

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

Future Battery Minerals'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
	=	(0.059	+	0.057)	/	-2.295
	=	-0.05

Future Battery Minerals'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
	=	(0.052	+	0.028)	/	-6.978
	=	-0.01

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.

Future Battery Minerals (ASX:FBM) 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.

Future Battery Minerals Debt-to-EBITDA Related Terms

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