Fulcrum Metals (LSE:FMET) Debt-to-EBITDA : -0.68 (As of Sep. 2023)

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What is Fulcrum Metals Debt-to-EBITDA?

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

Fulcrum Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £0.00 Mil. Fulcrum Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £0.48 Mil. Fulcrum Metals's annualized EBITDA for the quarter that ended in Sep. 2023 was £-0.71 Mil. Fulcrum Metals's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 was -0.68.

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 Fulcrum Metals's Debt-to-EBITDA or its related term are showing as below:

LSE:FMET' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -4.36 Med: -0.38 Max: -0.31
Current: -0.56

During the past 5 years, the highest Debt-to-EBITDA Ratio of Fulcrum Metals was -0.31. The lowest was -4.36. And the median was -0.38.

LSE:FMET's Debt-to-EBITDA is ranked worse than
100% of 528 companies
in the Metals & Mining industry
Industry Median: 1.98 vs LSE:FMET: -0.56

Fulcrum Metals Debt-to-EBITDA Historical Data

The historical data trend for Fulcrum Metals'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.

Fulcrum Metals Debt-to-EBITDA Chart

Fulcrum Metals Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

N/A

-4.36

-0.38

-0.31

Fulcrum Metals Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Sep23
Debt-to-EBITDA	Get a 7-Day Free Trial			-	-2.87	-0.57	-0.21	-0.68

Competitive Comparison of Fulcrum Metals's Debt-to-EBITDA

For the Other Precious Metals & Mining subindustry, Fulcrum Metals'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.

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

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

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

Fulcrum Metals Debt-to-EBITDA Calculation

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

Fulcrum Metals'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	+	0.519)	/	-1.672
	=	-0.31

Fulcrum Metals'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	+	0.482)	/	-0.708
	=	-0.68

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.

Fulcrum Metals (LSE:FMET) 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.

Fulcrum Metals Debt-to-EBITDA Related Terms

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

Fulcrum Metals (LSE:FMET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fulcrum Metals Plc (LSE:FMET) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

J2M:Germany

Address

Corrig Road, Paramount Court, Sandyford Business Park, Dublin, IRL, D18 R9C7

Website

https://www.fulcrummetals.com

Fulcrum Metals Plc is a multi-commodity minerals exploration company. Its project portfolio comprises of six gold and base metal projects in Ontario totalling 252km, covering the Schreiber-Hemlo, Wawa, Winston Lake and Dayohessarah Greenstone Belts, and two uranium and gold projects in the Northern Athabasca Basin region of Saskatchewan totalling 136km.