Is it safe?
Can OR take a bad year?
OR Royalties Inc. carries $124M of net debt at 0.85× EBITDA: a load its earnings can carry.
$124M
Net debt · as at FY2023 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 0.85×
Net debt / EBITDA · 0.42× a year ago · the load is going up
- Interest cover
- 4.63×
Interest cover · operating profit covers the interest bill, with room to spare
- Annualised volatility
- 40%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtFY2023
- $192M
- Cash and short-term investments
- $68M
- Net debt
- $124M
- EBITDA, trailing twelve months
- $145M
- Operating profit, trailing twelve months
- $88M
- Debt / equity
- 0.12×
- Total debt / EBITDA
- 1.32×
- Annualised volatilitytwo years of daily moves
- 40%
- Worst drawdown on file
- −62%
- Below its 52-week high
- −19%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.