New Hope (ASX:NHC) Debt-to-EBITDA : 0.11 (As of Jan. 2024)

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What is New Hope Debt-to-EBITDA?

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

New Hope's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was A$9 Mil. New Hope's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was A$77 Mil. New Hope's annualized EBITDA for the quarter that ended in Jan. 2024 was A$822 Mil. New Hope's annualized Debt-to-EBITDA for the quarter that ended in Jan. 2024 was 0.11.

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 New Hope's Debt-to-EBITDA or its related term are showing as below:

ASX:NHC' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -8.41 Med: 0.06 Max: 2.12
Current: 0.08

During the past 13 years, the highest Debt-to-EBITDA Ratio of New Hope was 2.12. The lowest was -8.41. And the median was 0.06.

ASX:NHC's Debt-to-EBITDA is ranked better than
88.89% of 108 companies
in the Other Energy Sources industry
Industry Median: 1.225 vs ASX:NHC: 0.08

New Hope Debt-to-EBITDA Historical Data

The historical data trend for New Hope'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.

New Hope Debt-to-EBITDA Chart

New Hope Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Debt-to-EBITDA

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0.80

-8.41

2.12

0.19

0.06

New Hope Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Debt-to-EBITDA	Get a 7-Day Free Trial															0.28	0.14	0.08	0.07	0.11

Competitive Comparison of New Hope's Debt-to-EBITDA

For the Thermal Coal subindustry, New Hope'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.

New Hope's Debt-to-EBITDA Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, New Hope's Debt-to-EBITDA distribution charts can be found below:

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

New Hope Debt-to-EBITDA Calculation

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

New Hope's Debt-to-EBITDA for the fiscal year that ended in Jul. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(21.755	+	75.136)	/	1696.476
	=	0.06

New Hope's annualized Debt-to-EBITDA for the quarter that ended in Jan. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(9.471	+	76.888)	/	821.83
	=	0.11

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 (Jan. 2024) EBITDA data.

New Hope (ASX:NHC) 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.

New Hope Debt-to-EBITDA Related Terms

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

New Hope (ASX:NHC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » New Hope Corp Ltd (ASX:NHC) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

NHPEF:USA OD8:Germany

Address

175 Eagle Street, Level 16, Brisbane, QLD, AUS, 4000

Website

https://www.newhopegroup.com.au

New Hope Corporation is an Australian thermal coal miner. It has two operating mines: the 100%-owned New Acland coal mine in Queensland and its 80%-owned Bengalla coal mine in New South Wales. The company should produce around 13 million metric tons of equity salable thermal coal annually from fiscal 2027, up from around 8 million in fiscal 2023, driven by the construction and ramp up of New Acland Stage 3. The vast majority of New Hope's production is sold into seaborne thermal coal export markets. Reserves at New Acland and Bengalla are sufficient to support multidecade mine lives. New Hope also has significant undeveloped coal resources in Queensland, as well as a 15% holding in the Malabar-Maxwell metallurgical coal mine, which began production in 2023.