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Mongolian Mining (HKSE:00975) Debt-to-EBITDA : 0.66 (As of Dec. 2023)


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What is Mongolian Mining Debt-to-EBITDA?

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

Mongolian Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0 Mil. Mongolian Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,671 Mil. Mongolian Mining's annualized EBITDA for the quarter that ended in Dec. 2023 was HK$2,523 Mil. Mongolian Mining's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.66.

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 Mongolian Mining's Debt-to-EBITDA or its related term are showing as below:

HKSE:00975' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -17.31   Med: 1.46   Max: 12.6
Current: 0.58

During the past 13 years, the highest Debt-to-EBITDA Ratio of Mongolian Mining was 12.60. The lowest was -17.31. And the median was 1.46.

HKSE:00975's Debt-to-EBITDA is ranked better than
80.98% of 489 companies
in the Steel industry
Industry Median: 2.63 vs HKSE:00975: 0.58

Mongolian Mining Debt-to-EBITDA Historical Data

The historical data trend for Mongolian Mining'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.

Mongolian Mining Debt-to-EBITDA Chart

Mongolian Mining Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.82 3.05 12.60 2.29 0.46

Mongolian Mining 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -9.96 -7.31 1.41 0.82 0.66

Competitive Comparison of Mongolian Mining's Debt-to-EBITDA

For the Coking Coal subindustry, Mongolian Mining'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.


Mongolian Mining's Debt-to-EBITDA Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Mongolian Mining's Debt-to-EBITDA distribution charts can be found below:

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



Mongolian Mining Debt-to-EBITDA Calculation

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

Mongolian Mining's Debt-to-EBITDA for the fiscal year 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 + 1671.243) / 3631.83
=0.46

Mongolian Mining'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 + 1671.243) / 2522.706
=0.66

* 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.

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.


Mongolian Mining  (HKSE:00975) 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.


Mongolian Mining Debt-to-EBITDA Related Terms

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


Mongolian Mining (HKSE:00975) Business Description

Traded in Other Exchanges
Address
Central Tower, 16th Floor, Sukhbaatar District, Ulaanbaatar, MNG, 14200
Mongolian Mining Corp, together with its subsidiaries, engages in the mining, processing, transportation, and sale of coal products in Mongolia. The company owns and operates the Ukhaa Khudag and the Baruun Naran open-pit coking coal mines located in the Umnugobi aimag, Mongolia. The company generates revenue from the sale of Washed hard-coking coal, Washed semi-soft coking coal, Washed thermal coal, and Raw thermal coal. The majority of the revenue is generated from the sale of Washed hard-coking coal. China accounts for the majority of the sale of its products.

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