Denison Mines (TSX:DML) Debt-to-EBITDA : -0.01 (As of Mar. 2024)

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What is Denison Mines Debt-to-EBITDA?

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

Denison Mines's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.22 Mil. Denison Mines's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.20 Mil. Denison Mines's annualized EBITDA for the quarter that ended in Mar. 2024 was C$-66.11 Mil. Denison Mines's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was -0.01.

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 Denison Mines's Debt-to-EBITDA or its related term are showing as below:

TSX:DML' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.01 Med: 0 Max: 0.03
Current: 0.01

During the past 13 years, the highest Debt-to-EBITDA Ratio of Denison Mines was 0.03. The lowest was -0.01. And the median was 0.00.

TSX:DML's Debt-to-EBITDA is ranked better than
99.07% of 108 companies
in the Other Energy Sources industry
Industry Median: 1.225 vs TSX:DML: 0.01

Denison Mines Debt-to-EBITDA Historical Data

The historical data trend for Denison Mines'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.

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Denison Mines Debt-to-EBITDA Chart

Denison Mines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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0.03

Denison Mines Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-EBITDA	Get a 7-Day Free Trial															0.24	0.06	-	-	-0.01

Competitive Comparison of Denison Mines's Debt-to-EBITDA

For the Uranium subindustry, Denison Mines'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.

Denison Mines's Debt-to-EBITDA Distribution in the Other Energy Sources Industry

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

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

Denison Mines Debt-to-EBITDA Calculation

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

Denison Mines'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)	/	96.464
	=	0.00

Denison Mines's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.223	+	0.204)	/	-66.112
	=	-0.01

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 four times the quarterly (Mar. 2024) EBITDA data.

Denison Mines (TSX:DML) 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.

Denison Mines Debt-to-EBITDA Related Terms

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

Denison Mines (TSX:DML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Denison Mines Corp (TSX:DML) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

DNN:USA IUQ:Germany

Address

40 University Avenue, Suite 1100, Toronto, ON, CAN, M5J 1T1

Website

https://www.denisonmines.com

Denison Mines Corp is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. The company has an effective 95% interest in its flagship Wheeler River Uranium Project, which is the largest undeveloped uranium project in the infrastructure rich eastern portion of the Athabasca Basin region of northern Saskatchewan. The company is also engaged in mine decommissioning and environmental services through its Closed Mines group, which manages its Elliot Lake reclamation projects and provides third-party post-closure mine care and maintenance services.

Executives

David Daniel Cates

Director, Senior Officer

Denison Mines (TSX:DML) Headlines

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