Kumba Iron Ore (Kumba Iron Ore) Debt-to-EBITDA : 0.10 (As of Dec. 2023)

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What is Kumba Iron Ore Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Kumba Iron Ore's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $232 Mil. Kumba Iron Ore's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $10 Mil. Kumba Iron Ore's annualized EBITDA for the quarter that ended in Dec. 2023 was $2,527 Mil. Kumba Iron Ore's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.10.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Kumba Iron Ore's Debt-to-EBITDA or its related term are showing as below:

KIROY' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.01 Med: 0.16 Max: 1.33
Current: 0.11

During the past 13 years, the highest Debt-to-EBITDA Ratio of Kumba Iron Ore was 1.33. The lowest was 0.01. And the median was 0.16.

KIROY's Debt-to-EBITDA is ranked better than
94.74% of 494 companies
in the Steel industry
Industry Median: 2.675 vs KIROY: 0.11

Kumba Iron Ore Debt-to-EBITDA Historical Data

The historical data trend for Kumba Iron Ore's Debt-to-EBITDA 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.

Kumba Iron Ore Debt-to-EBITDA Chart

Kumba Iron Ore Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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0.02

0.01

0.22

0.10

Kumba Iron Ore Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial															0.01	0.01	0.55	0.03	0.10

Competitive Comparison of Kumba Iron Ore's Debt-to-EBITDA

For the Steel subindustry, Kumba Iron Ore's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.

Kumba Iron Ore's Debt-to-EBITDA Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Kumba Iron Ore's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Kumba Iron Ore's Debt-to-EBITDA falls into.

Kumba Iron Ore Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Kumba Iron Ore's Debt-to-EBITDA for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(231.849	+	9.607)	/	2488.569
	=	0.10

Kumba Iron Ore's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(231.849	+	9.607)	/	2526.834
	=	0.10

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is two times the quarterly (Dec. 2023) EBITDA data.

Kumba Iron Ore (OTCPK:KIROY) Debt-to-EBITDA Explanation

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

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

Kumba Iron Ore Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Kumba Iron Ore's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

Kumba Iron Ore (Kumba Iron Ore) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Kumba Iron Ore Ltd (OTCPK:KIROY) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

KIO:South Africa KUI:Germany

Address

144 Oxford Road, Rosebank, Melrose, Johannesburg, GT, ZAF, 2196

Website

https://www.angloamericankumba.com

Kumba Iron Ore Ltd is engaged in the exploration, mining, processing blending and sale of iron ore to the global steel industry. The company primarily operates in South Africa, with mining operations in the Northern Cape and Limpopo provinces, as well as a head office in Centurion, Gauteng, and a port operation in Saldanha Bay, Western Cape. The company's flagship asset is the Sishen mine, which it holds a majority stake, located near the town of Kathu in the Northern Cape Province. The Sishen mine is an opencast mine and produces the bulk of the group's iron ore, most of which is exported. It also holds interest in Kolomela mine.

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