Pembridge Resources plc Net debt/EBITDA
What is the Net debt/EBITDA of Pembridge Resources plc?
The Net debt/EBITDA of Pembridge Resources plc is -27.54
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 LSE compared to Pembridge Resources plc
What does Pembridge Resources plc do?
Pembridge Resources plc focuses on exploring base and precious metals in Canada. The company primarily explores for copper, gold, and silver ores. It operates the Minto mine in Yukon, Canada. The company was formerly known as China Africa Resources Plc and changed its name to Pembridge Resources plc in April 2017. Pembridge Resources plc was incorporated in 2010 and is headquartered in London, the United Kingdom.
Companies with net debt/ebitda similar to Pembridge Resources plc
- Noront Resources has Net debt/EBITDA of -27.71
- Kangji Medical Ltd has Net debt/EBITDA of -27.70
- Golden Century International has Net debt/EBITDA of -27.67
- Tamilnadu Telecommunications has Net debt/EBITDA of -27.60
- People`s United Inc has Net debt/EBITDA of -27.58
- KPa-BM has Net debt/EBITDA of -27.56
- Pembridge Resources plc has Net debt/EBITDA of -27.54
- Park Aerospace Corp has Net debt/EBITDA of -27.47
- TruFin plc has Net debt/EBITDA of -27.46
- Grande West Transportation has Net debt/EBITDA of -27.39
- SolGold plc has Net debt/EBITDA of -27.39
- SolGold plc has Net debt/EBITDA of -27.39
- LiqTech International Inc has Net debt/EBITDA of -27.35