El Net debt/EBITDA de Asian Mineral Resources Limited es N/A
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.
Asian Mineral Resources Limited engages in the exploration and development of mineral property interests in Canada. The company primarily explores for copper and vanadium. It holds an option to acquire a 75% interest in the Holt property that covers an area of 3,687 hectares located in east of Duncan, Vancouver Island. The company was incorporated in 2004 and is based in Toronto, Canada. Asian Mineral Resources Limited is a subsidiary of Pala Investments Limited.