Newpath Resources (XCNQ:PATH) Debt-to-EBITDA : -1.23 (As of Oct. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Newpath Resources Debt-to-EBITDA?

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

Newpath Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was C$2.04 Mil. Newpath Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was C$0.00 Mil. Newpath Resources's annualized EBITDA for the quarter that ended in Oct. 2023 was C$-1.66 Mil. Newpath Resources's annualized Debt-to-EBITDA for the quarter that ended in Oct. 2023 was -1.23.

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 Newpath Resources's Debt-to-EBITDA or its related term are showing as below:

XCNQ:PATH' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1.49 Med: -0.83 Max: -0.16
Current: -1.09

During the past 4 years, the highest Debt-to-EBITDA Ratio of Newpath Resources was -0.16. The lowest was -1.49. And the median was -0.83.

XCNQ:PATH's Debt-to-EBITDA is ranked worse than
100% of 528 companies
in the Metals & Mining industry
Industry Median: 1.98 vs XCNQ:PATH: -1.09

Newpath Resources Debt-to-EBITDA Historical Data

The historical data trend for Newpath Resources'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.

Newpath Resources Debt-to-EBITDA Chart

Newpath Resources Annual Data

Trend

Apr20

Apr21

Apr22

Apr23

Debt-to-EBITDA

-0.16

-1.49

Newpath Resources Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Debt-to-EBITDA	Get a 7-Day Free Trial												-5.53	-2.01	-0.76	-1.65	-1.23

Competitive Comparison of Newpath Resources's Debt-to-EBITDA

For the Gold subindustry, Newpath Resources'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.

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

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

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

Newpath Resources Debt-to-EBITDA Calculation

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

Newpath Resources's Debt-to-EBITDA for the fiscal year that ended in Apr. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0	+	1.92)	/	-1.285
	=	-1.49

Newpath Resources's annualized Debt-to-EBITDA for the quarter that ended in Oct. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(2.038	+	0)	/	-1.656
	=	-1.23

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 (Oct. 2023) EBITDA data.

Newpath Resources (XCNQ:PATH) 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.

Newpath Resources Debt-to-EBITDA Related Terms

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

Newpath Resources (XCNQ:PATH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Newpath Resources Inc (XCNQ:PATH) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

0MZ:Germany

Address

333 Terminal Avenue, Unit 220, Vancouver, BC, CAN, V6A 4C1

Website

https://www.newpathresources.com

Newpath Resources Inc is a precious metals exploration company. It owns the Northshore Gold Project, located in the Schreiber-Hemlo Greenstone Belt near Thunder Bay, Ontario which is prospective for gold and silver mineralization. The company also owns an interest in two separate claim blocks known as the Hemlo Eastern Flanks Project. The company also holds an option to acquire a 100% undivided interest in a continuous claim block comprising the Emmons Peak Project located south of Dryden, Ontario that is near the Treasury Metals Goliath and Goldlund advanced gold development projects.

Executives

Alexander Mcaulay

Director