Rubicon Minerals Net debt/EBITDA
What is the Net debt/EBITDA of Rubicon Minerals?
The Net debt/EBITDA of Rubicon Minerals Corp. is 5.35
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?
Rubicon Minerals Corporation engages in the exploration and development 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 founded in 1996 and is headquartered in Toronto, Canada.
Companies with net debt/ebitda similar to Rubicon Minerals
- CeoTronics AG has Net debt/EBITDA of 5.35
- ContextLogic has Net debt/EBITDA of 5.35
- Celestica has Net debt/EBITDA of 5.35
- Knowles Corp has Net debt/EBITDA of 5.35
- Dome Gold Mines Ltd has Net debt/EBITDA of 5.35
- Intellia Therapeutics Inc has Net debt/EBITDA of 5.35
- Rubicon Minerals has Net debt/EBITDA of 5.35
- Landbridge has Net debt/EBITDA of 5.36
- Cytosorbents Corp has Net debt/EBITDA of 5.36
- Lisi S.A has Net debt/EBITDA of 5.36
- TE Connectivity has Net debt/EBITDA of 5.36
- Black Rock Mining has Net debt/EBITDA of 5.36
- Western Union has Net debt/EBITDA of 5.37