Mineros S.A Net debt/EBITDA
What is the Net debt/EBITDA of Mineros S.A?
The Net debt/EBITDA of Mineros S.A. is -0.32
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 TSX compared to Mineros S.A
What does Mineros S.A do?
Mineros S.A. engages in the exploration and mining of gold properties in Colombia and internationally. It holds interests in various exploration projects, such as Gualcamayo property located in San Juan, Argentina; La Pepa Greenfield project with Yamana located in the region of Copiapó, Chile; Nechi Aluvial property located in the Lower Cauca Region of Antioquia, Colombia; and Hemco property located in the Bonanza, Nicaragua. The company was formerly known as Mineros de Antioquia S.A. and changed its name to Mineros S.A. in May 2004. Mineros S.A. was founded in 1974 and is headquartered in MedellÃn, Colombia.
Companies with net debt/ebitda similar to Mineros S.A
- Arrow Minerals has Net debt/EBITDA of -0.33
- Spineway Societe Anonyme has Net debt/EBITDA of -0.33
- Vinacapital Vietnam Opportunity Fund (United Kingdom) has Net debt/EBITDA of -0.33
- EOG Resources has Net debt/EBITDA of -0.33
- SoundThinking Inc has Net debt/EBITDA of -0.33
- Stellantis N.V has Net debt/EBITDA of -0.33
- Mineros S.A has Net debt/EBITDA of -0.32
- Beazley Plc has Net debt/EBITDA of -0.32
- Shanghai Medicilon has Net debt/EBITDA of -0.32
- SportsHero has Net debt/EBITDA of -0.32
- Nanobiotix S.A has Net debt/EBITDA of -0.32
- Enertime SA has Net debt/EBITDA of -0.32
- Casper Sleep Inc has Net debt/EBITDA of -0.32