Legacy Iron Ore (ASX:LCY) Debt-to-EBITDA : 0.02 (As of Sep. 2023)

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What is Legacy Iron Ore Debt-to-EBITDA?

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

Legacy Iron Ore's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was A$0.03 Mil. Legacy Iron Ore's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was A$0.03 Mil. Legacy Iron Ore's annualized EBITDA for the quarter that ended in Sep. 2023 was A$3.40 Mil. Legacy Iron Ore's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 was 0.02.

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 Legacy Iron Ore's Debt-to-EBITDA or its related term are showing as below:

ASX:LCY' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.33 Med: -0.09 Max: 0.05
Current: 0.05

During the past 13 years, the highest Debt-to-EBITDA Ratio of Legacy Iron Ore was 0.05. The lowest was -0.33. And the median was -0.09.

ASX:LCY's Debt-to-EBITDA is ranked better than
94.35% of 531 companies
in the Metals & Mining industry
Industry Median: 1.98 vs ASX:LCY: 0.05

Legacy Iron Ore Debt-to-EBITDA Historical Data

The historical data trend for Legacy Iron Ore'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.

Legacy Iron Ore Debt-to-EBITDA Chart

Legacy Iron Ore Annual Data

Trend

Jun13

Jun14

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-EBITDA

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-0.15

-0.11

-0.03

0.04

Legacy Iron Ore Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-EBITDA	Get a 7-Day Free Trial															-0.05	-0.03	0.02	-0.14	0.02

Competitive Comparison of Legacy Iron Ore's Debt-to-EBITDA

For the Other Industrial Metals & Mining subindustry, Legacy Iron Ore'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.

Legacy Iron Ore's Debt-to-EBITDA Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Legacy Iron Ore's Debt-to-EBITDA falls into.

Legacy Iron Ore Debt-to-EBITDA Calculation

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

Legacy Iron Ore's Debt-to-EBITDA for the fiscal year that ended in Mar. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.033	+	0.049)	/	2.071
	=	0.04

Legacy Iron Ore's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.033	+	0.032)	/	3.404
	=	0.02

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 (Sep. 2023) EBITDA data.

Legacy Iron Ore (ASX:LCY) 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.

Legacy Iron Ore Debt-to-EBITDA Related Terms

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

Legacy Iron Ore (ASX:LCY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Legacy Iron Ore Ltd (ASX:LCY) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Adelaide Terrace, Level 6, West Perth, Perth, WA, AUS, 6004

Website

http://www.legacyiron.com.au

Legacy Iron Ore Ltd is engaged in the exploration and development of mineral properties. It holds a diverse portfolio of assets spanning iron ore, gold and base metals, Tungsten, Rare earth elements. Its projects include Mt Bevan Project, South Laverton Gold Project, Mt. Celia Project and many more.