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Theta Gold MinesFRA:3LM -1.67%28 Debt-to-EBITDA is -2.28 as of Dec. 2025. GuruFocus rates FRA:3LM with a GF Score™ of 28/100. The stock has 2 warning signs investors should review. Among 595 Metals & Mining companies, Theta Gold Mines ranks worse than 76.97% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
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 Theta Gold Mines's Debt-to-EBITDA or its related term are showing as below:
FRA:3LM'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -5.36 Med: -2.19 Max: 4.3
Current: 4.3
During the past 13 years, the highest Debt-to-EBITDA Ratio of Theta Gold Mines was 4.30. The lowest was -5.36. And the median was -2.19.
FRA:3LM's Debt-to-EBITDA is ranked worse than 76.97% of 595
companies
in the Metals & Mining industry
Industry Median: 1.22
vs FRA:3LM: 4.30
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.
Theta Gold Mines Debt-to-EBITDA Related Terms
Theta Gold Mines Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Theta Gold Mines'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.
For the Gold subindustry, Theta Gold Mines'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.
Theta Gold Mines Debt-to-EBITDA vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Theta Gold Mines's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Theta Gold Mines's Debt-to-EBITDA falls into.
* 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.
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. 2025) EBITDA data.
Theta Gold Mines (FRA:3LM) has a Debt-to-EBITDA of -2.28 as of Dec. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Theta Gold Mines. According to the industry distribution chart, Theta Gold Mines ranks #458 out of 595 companies in the Metals & Mining industry, placing it in the top 77%.
Is Theta Gold Mines' Debt-to-EBITDA too high?
Theta Gold Mines' current Debt-to-EBITDA is -2.28. Based on the distribution chart, Theta Gold Mines ranks #458 out of 595 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Theta Gold Mines has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does Theta Gold Mines' Debt-to-EBITDA compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Theta Gold Mines ranks #458 out of 595 companies for Debt-to-EBITDA. This places Theta Gold Mines in the lower half of its industry. The industry median Debt-to-EBITDA is 1.22. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Metals & Mining company?
The median Debt-to-EBITDA among Metals & Mining companies is 1.22, based on 595 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Theta Gold Mines. For the Metals & Mining industry, the median Debt-to-EBITDA is 1.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Theta Gold Mines's current Debt-to-EBITDA is -2.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Theta Gold Mines stock overvalued right now?
Theta Gold Mines (FRA:3LM) has a current Debt-to-EBITDA of -2.28. The current Debt-to-EBITDA is -2.28. Theta Gold Mines' overall GF Score™ is 28/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Theta Gold Mines (FRA:3LM), the current Debt-to-EBITDA is -2.28 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Theta Gold Mines Ltd is a gold exploration and development company. The company holds gold assets in the South African gold mining region. The projects of the company include the TGME Project near the historic gold mining town of Pilgrims Rest in Mpumalanga Province, and other projects.
28GF Score
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