Nickel Industries (ASX:NIC) Debt-to-EBITDA : 1.75 (As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Nickel Industries Debt-to-EBITDA?

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

Nickel Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$384 Mil. Nickel Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$878 Mil. Nickel Industries's annualized EBITDA for the quarter that ended in Dec. 2023 was A$723 Mil. Nickel Industries's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 1.75.

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 Nickel Industries's Debt-to-EBITDA or its related term are showing as below:

ASX:NIC' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.05 Med: 1.42 Max: 2.08
Current: 2.08

During the past 5 years, the highest Debt-to-EBITDA Ratio of Nickel Industries was 2.08. The lowest was 0.05. And the median was 1.42.

ASX:NIC's Debt-to-EBITDA is ranked worse than
51.49% of 536 companies
in the Metals & Mining industry
Industry Median: 1.965 vs ASX:NIC: 2.08

Nickel Industries Debt-to-EBITDA Historical Data

The historical data trend for Nickel Industries'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.

Nickel Industries Debt-to-EBITDA Chart

Nickel Industries Annual Data

Trend

Jun19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

0.05

0.23

1.42

1.76

2.08

Nickel Industries Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial							1.32	1.05	1.81	2.00	1.75

Competitive Comparison of Nickel Industries's Debt-to-EBITDA

For the Other Industrial Metals & Mining subindustry, Nickel Industries'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.

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

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

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

Nickel Industries Debt-to-EBITDA Calculation

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

Nickel Industries'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
	=	(384.36	+	878.104)	/	606.332
	=	2.08

Nickel Industries'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
	=	(384.36	+	878.104)	/	722.684
	=	1.75

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.

Nickel Industries (ASX:NIC) 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.

Nickel Industries Debt-to-EBITDA Related Terms

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

Nickel Industries (ASX:NIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nickel Industries Ltd (ASX:NIC) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

NICMF:USA NM5:Germany

Address

66 Hunter Street, Level 2, Sydney, NSW, AUS, 2000

Website

https://www.nickelmines.com.au

Nickel Industries Ltd is engaged in acquiring, exploring, and developing nickel projects. It holds 80% interest in the Hengjaya Nickel and Ranger Nickel projects, both of which operate 2 line Rotary Kiln Electric Furnace (RKEF) plants producing NPI within the Indonesia Morowali Industrial Park (IMIP). Nickel Industries also holds an 80% economic interest in the Hengjaya Mineralindo Nickel Mine ('Hengjaya Mine'), a large tonnage, high-grade saprolite deposit located in the Morowali Regency of Central Sulawesi, Indonesia.