Aya Gold & Silver Inc. is a Canadian precious metals mining company that operates exclusively in the Kingdom of Morocco. The company's principal asset is the Zgounder Silver Mine, an underground operation located in the Anti-Atlas Mountains that produces silver doré bars. Unlike many silver producers that mine silver as a by-product, Aya benefits from a rare native silver deposit at Zgounder, making it a pure-play silver producer. In addition to its producing mine, the company is advancing the Boumadine polymetallic project, which is currently in the development and evaluation phase. Aya also holds a portfolio of exploration permits across the highly prospective Anti-Atlas Fault, supporting its strategy of expanding its resource base and production profile.
How many years of EBITDA are required to pay off the company's net debt, according to the official accounting standard IFRS16. As a market consensus, a value of up to 3 years of leverage is accepted for most companies.
How much the company's debt represents in % in relation to its equity. As a market consensus, a value less than or equal to 1 is accepted, above that leverage can end up hurting the final result at some point.
The current ratio helps investors understand more about a company's ability to cover its short-term debt with its current assets and make apples-to-apples comparisons with its competitors and peers.
The quick ratio measures a company's capacity to pay its current liabilities without needing to sell its inventory or obtain additional financing and is considered a more conservative measure than the current ratio, which includes all current assets as coverage for current liabilities.
The interest coverage ratio is used to measure how well a firm can pay the interest due on outstanding debt and is is calculated by dividing a company's earnings before interest and taxes (EBIT) by its interest expense during a given period. Generally, a higher coverage ratio is better, although the ideal ratio may vary by industry.
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