Centenario Gold (TSXV:CTG) Debt-to-EBITDA : 0.00 (As of Mar. 2024)

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What is Centenario Gold Debt-to-EBITDA?

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

Centenario Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Centenario Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Centenario Gold's annualized EBITDA for the quarter that ended in Mar. 2024 was C$-2.11 Mil. Centenario Gold's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 0.00.

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 Centenario Gold's Debt-to-EBITDA or its related term are showing as below:

TSXV:CTG' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.08 Med: -0.05 Max: -0.01
Current: -0.07

During the past 4 years, the highest Debt-to-EBITDA Ratio of Centenario Gold was -0.01. The lowest was -0.08. And the median was -0.05.

TSXV:CTG's Debt-to-EBITDA is ranked worse than
100% of 529 companies
in the Metals & Mining industry
Industry Median: 1.98 vs TSXV:CTG: -0.07

Centenario Gold Debt-to-EBITDA Historical Data

The historical data trend for Centenario Gold'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.

Centenario Gold Debt-to-EBITDA Chart

Centenario Gold Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

N/A

-0.08

-0.01

Centenario Gold Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-EBITDA	Get a 7-Day Free Trial								-0.17	-0.18	-	-	-

Competitive Comparison of Centenario Gold's Debt-to-EBITDA

For the Gold subindustry, Centenario Gold'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.

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

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

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

Centenario Gold Debt-to-EBITDA Calculation

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

Centenario Gold'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)	/	-1.471
	=	0.00

Centenario Gold'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	+	0)	/	-2.112
	=	0.00

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.

Centenario Gold (TSXV:CTG) 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.

Centenario Gold Debt-to-EBITDA Related Terms

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

Centenario Gold (TSXV:CTG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Centenario Gold Corp (TSXV:CTG) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

https://www.centenariogold.com

Centenario Gold Corp is engaged in acquiring, exploring, and developing interests in mineral projects in Mexico. The company's project include The EDEN Project. The EDEN Project forms part of the historical Guadalupe los Reyes Mining District near Cosala, in southeast Sinaloa State, Mexico, The Property sits just north of Prime Mining Corp's Los Reyes gold-silver project and includes 2 adjoining mineral claims called El Eden and El Eden 1 which total 2,489 hectares.