Venturex Resources Net debt/EBITDA
What is the Net debt/EBITDA of Venturex Resources?
The Net debt/EBITDA of Venturex Resources Limited is -6.57
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 Venturex Resources
What does Venturex Resources do?
Venturex Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral resources in Australia. It primarily explores for copper, zinc, lead, silver, and gold deposits. The company's flagship project is the Sulphur Springs project that includes Sulphur Springs and Kangaroo Caves deposits and tenements located to the south east of Port Hedland. Venturex Resources Limited was incorporated in 2006 and is based in West Perth, Australia.
Companies with net debt/ebitda similar to Venturex Resources
- Wayfair has Net debt/EBITDA of -6.61
- Ariadne Australia has Net debt/EBITDA of -6.60
- SiS Mobile has Net debt/EBITDA of -6.60
- Xilinx has Net debt/EBITDA of -6.57
- Xilinx has Net debt/EBITDA of -6.57
- Christina Lake Cannabis has Net debt/EBITDA of -6.57
- Venturex Resources has Net debt/EBITDA of -6.57
- Xin Point has Net debt/EBITDA of -6.56
- Trean Insurance has Net debt/EBITDA of -6.56
- Ivanhoe Mines has Net debt/EBITDA of -6.55
- Midway has Net debt/EBITDA of -6.54
- Cofidur SA has Net debt/EBITDA of -6.54
- Waverley Pharma has Net debt/EBITDA of -6.53