Nova Minerals (ASX:NVA) Debt-to-EBITDA : -0.41 (As of Dec. 2023)

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What is Nova Minerals Debt-to-EBITDA?

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

Nova Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$6.91 Mil. Nova Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Nova Minerals's annualized EBITDA for the quarter that ended in Dec. 2023 was A$-17.07 Mil. Nova Minerals's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -0.40.

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

ASX:NVA' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.67 Med: -0.44 Max: -0.22
Current: -0.54

During the past 13 years, the highest Debt-to-EBITDA Ratio of Nova Minerals was -0.22. The lowest was -0.67. And the median was -0.44.

ASX:NVA's Debt-to-EBITDA is ranked worse than
100% of 531 companies
in the Metals & Mining industry
Industry Median: 1.98 vs ASX:NVA: -0.54

Nova Minerals Debt-to-EBITDA Historical Data

The historical data trend for Nova 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.

Nova Minerals Debt-to-EBITDA Chart

Nova Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-EBITDA

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-0.22

-0.67

Nova 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															-	-	-0.65	-0.75	-0.41

Competitive Comparison of Nova Minerals's Debt-to-EBITDA

For the Other Industrial Metals & Mining subindustry, Nova 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.

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

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

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

Nova Minerals Debt-to-EBITDA Calculation

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

Nova 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
	=	(1.18	+	5.353)	/	-9.827
	=	-0.66

Nova 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
	=	(6.912	+	0)	/	-17.07
	=	-0.40

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.

Nova Minerals (ASX:NVA) 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.

Nova Minerals Debt-to-EBITDA Related Terms

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

Nova Minerals (ASX:NVA) Business Description

Industry

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

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Traded in Other Exchanges

NVAAF:USA QM3:Germany

Address

242 Hawthorn Road, Suite 5, Caulfield, VIC, AUS, 3161

Website

https://www.novaminerals.com.au

Nova Minerals Ltd is a minerals explorer and developer focused on gold and lithium projects in North America. It has a diversified portfolio of projects across the US, Canada, and Australia. Its key projects include Nova's 6.2Moz Estelle Gold Project on Korbel Main and RPM in Alaska, which holds some of North America's largest gold deposits, and the company's majority-owned Snow Lakes Resources, a proposed zero carbon lithium spodumene project in Canada ideally located on rail access to the US Auto Alley. Nova aims to provide shareholders with diversification through exposure to base and precious metals and to capitalize on the growing demand for lithium-based energy storage.

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