Tietto Minerals Net debt/EBITDA
What is the Net debt/EBITDA of Tietto Minerals?
The Net debt/EBITDA of Tietto Minerals Limited is -0.36
What is the definition of Net debt/EBITDA?
The net debt to earnings before interest, taxes, depreciation, and amortization (Net debt/EBITDA) ratio measures financial leverage and the company’s ability to pay off its debt. It shows how long it would take the company to pay off all its debt with operations at the current level.
The net debt to EBITDA ratio is calculated as Net debt divided by EBITDA. It is similar to the debt to EBITDA ratio, but cash and cash equivalents are subtracted in net debt.
Net debt = short-term debt + long-term debt - cash and cash equivalents
EBITDA = net income + interest expense + taxes + depreciation + amortization
Lower debt debt to EBITDA ratio indicates the company is not heavily indebted and should be able to repay its obligations. Alternatively, higher ratio indicated the company is excessively indebted. The ratio varies between industries as different industries have different capital requirements. Usually, the ratio should be compared to a benchmark or an industry average to determine the company’s credit risk. Generally, a net debt to EBITDA ratio above 4 or 5 is considered high.
Net debt/EBITDA of companies in the Materials sector on ASX compared to Tietto Minerals
What does Tietto Minerals do?
Tietto Minerals Limited operates as a gold exploration and development company in Australia and West Africa. Its flagship project in the Abujar gold project comprising three tenements covering an area of 1,114 square kilometers located in central western region of Côte D'Ivoire. The company was incorporated in 2010 and is based in West Perth, Australia.
Companies with net debt/ebitda similar to Tietto Minerals
- Peeks Social has Net debt/EBITDA of -0.38
- Antelope Enterprise has Net debt/EBITDA of -0.37
- Synacor Inc has Net debt/EBITDA of -0.37
- Jaxon Mining has Net debt/EBITDA of -0.37
- Pharmagest Interactive SA has Net debt/EBITDA of -0.36
- LBT Innovations has Net debt/EBITDA of -0.36
- Tietto Minerals has Net debt/EBITDA of -0.36
- Enerev5 Metals has Net debt/EBITDA of -0.36
- Eagle Graphite has Net debt/EBITDA of -0.36
- A2Z Technologies Canada has Net debt/EBITDA of -0.35
- Yield10 Bioscience Inc has Net debt/EBITDA of -0.35
- Atara Biotherapeutics Inc has Net debt/EBITDA of -0.35
- Nex Metals Explorations has Net debt/EBITDA of -0.35