Eldorado Gold (Eldorado Gold) Debt-to-Equity

: 0.19 (As of Dec. 2023)

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Eldorado Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5 Mil. Eldorado Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $654 Mil. Eldorado Gold's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $3,518 Mil. Eldorado Gold's debt to equity for the quarter that ended in Dec. 2023 was 0.19.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Eldorado Gold's Debt-to-Equity or its related term are showing as below:

EGO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.16 Max: 0.19
Current: 0.19

During the past 13 years, the highest Debt-to-Equity Ratio of Eldorado Gold was 0.19. The lowest was 0.11. And the median was 0.16.

EGO's Debt-to-Equity is ranked worse than
56.51% of 1306 companies
in the Metals & Mining industry
Industry Median: 0.13 vs EGO: 0.19

Eldorado Gold Debt-to-Equity Historical Data

The historical data trend for Eldorado Gold's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Eldorado Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.15

0.14

0.16

0.19

Eldorado Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																0.16	0.16	0.17	0.18	0.19

Competitive Comparison

For the Gold subindustry, Eldorado Gold's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Eldorado Gold Debt-to-Equity Distribution

For the Metals & Mining industry and Basic Materials sector, Eldorado Gold's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Eldorado Gold's Debt-to-Equity falls into.

Eldorado Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Eldorado Gold's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(5.02	+	653.786)	/	3518.147
	=	0.19

Eldorado Gold's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(5.02	+	653.786)	/	3518.147
	=	0.19

Eldorado Gold (NYSE:EGO) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Eldorado Gold Debt-to-Equity Related Terms

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Eldorado Gold (Eldorado Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Eldorado Gold Corp (NYSE:EGO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ELO1:Germany ELD:Canada

Address

550 Burrard Street, Suite 1188, Bentall 5, Vancouver, BC, CAN, V6C 2B5

Website

https://www.eldoradogold.com

Eldorado Gold Corp is a gold and base metals producer with mining, development, and exploration operations in Turkey, Canada, Greece and Romania. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill, and Certej projects.