Widgie Nickel (ASX:WIN) Debt-to-EBITDA : -0.12 (As of Dec. 2023)

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What is Widgie Nickel Debt-to-EBITDA?

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

Widgie Nickel's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.16 Mil. Widgie Nickel's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.04 Mil. Widgie Nickel's annualized EBITDA for the quarter that ended in Dec. 2023 was A$-1.70 Mil. Widgie Nickel's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -0.12.

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 Widgie Nickel's Debt-to-EBITDA or its related term are showing as below:

ASX:WIN' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.15 Med: -0.15 Max: -0.12
Current: -0.12

During the past 1 years, the highest Debt-to-EBITDA Ratio of Widgie Nickel was -0.12. The lowest was -0.15. And the median was -0.15.

ASX:WIN's Debt-to-EBITDA is ranked worse than
100% of 536 companies
in the Metals & Mining industry
Industry Median: 1.98 vs ASX:WIN: -0.12

Widgie Nickel Debt-to-EBITDA Historical Data

The historical data trend for Widgie Nickel'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.

Widgie Nickel Debt-to-EBITDA Chart

Widgie Nickel Annual Data

Trend

Jun23

Debt-to-EBITDA

-0.15

Widgie Nickel Semi-Annual Data
	Dec20	Dec21	Dec22	Jun23	Dec23
Debt-to-EBITDA	N/A	-0.04	-0.17	-0.17	-0.12

Competitive Comparison of Widgie Nickel's Debt-to-EBITDA

For the Other Industrial Metals & Mining subindustry, Widgie Nickel'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.

Widgie Nickel's Debt-to-EBITDA Distribution in the Metals & Mining Industry

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

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

Widgie Nickel Debt-to-EBITDA Calculation

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

Widgie Nickel'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
	=	(0.167	+	0.111)	/	-1.872
	=	-0.15

Widgie Nickel'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
	=	(0.161	+	0.037)	/	-1.696
	=	-0.12

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.

Widgie Nickel (ASX:WIN) 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.

Widgie Nickel Debt-to-EBITDA Related Terms

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

Widgie Nickel (ASX:WIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Widgie Nickel Ltd (ASX:WIN) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

WDGNF:USA

Address

220 St Georges Terrace, Level 4, Perth, WA, AUS, 6000

Website

https://www.widgienickel.com.au

Widgie Nickel Ltd is a nickel exploration and development company. Its projects include Widgie South, Widgie North, Widgie West, and Lake Eaton-Mt Eaton. The company operates in given segments comprised of exploration and development activities over the Mt Edwards Project. It operates in a single geographical area which is Australia.

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