Rubicon Minerals Net debt/EBITDA
What is the Net debt/EBITDA of Rubicon Minerals?
The Net debt/EBITDA of Rubicon Minerals Corporation is 5.02
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 Rubicon Minerals
What does Rubicon Minerals do?
Battle North Gold Corporation engages in the exploration of gold properties in Canada and the United States. The company holds a 100% interest in Phoenix Gold project located in the Red Lake gold district in northwestern Ontario, Canada. It also holds interests in approximately 285 square kilometers of exploration ground in the Red Lake gold district; and approximately 900 square kilometers of mineral property interests in the Long Canyon gold district in the Nevada-Utah border. The company was formerly known as Rubicon Minerals Corporation and changed its name to Battle North Gold Corporation in July 2020. Battle North Gold Corporation was founded in 1996 and is headquartered in Toronto, Canada.
Companies with net debt/ebitda similar to Rubicon Minerals
- Evn Ag has Net debt/EBITDA of 5.02
- Pieridae has Net debt/EBITDA of 5.02
- Generation Bio Co has Net debt/EBITDA of 5.02
- Laboratory of America has Net debt/EBITDA of 5.02
- NRG has Net debt/EBITDA of 5.02
- NRG has Net debt/EBITDA of 5.02
- Rubicon Minerals has Net debt/EBITDA of 5.02
- Osisko Gold Royalties has Net debt/EBITDA of 5.03
- Zhongsheng has Net debt/EBITDA of 5.03
- Archos S.A has Net debt/EBITDA of 5.03
- Engie Sa has Net debt/EBITDA of 5.03
- ENGIE SA has Net debt/EBITDA of 5.03
- Luxfer PLC has Net debt/EBITDA of 5.03