Glencore (FRA:8GC) Debt-to-EBITDA : (As of Jun. 2026)

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FRA:8GC Glencore PLC FRA:8GC
71 GF Score
Price €6.48
GF Value €6.48
Valuation Fairly Valued
! 10 Warning Signs
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What is Glencore Debt-to-EBITDA?

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

Glencore's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €15,807 Mil. Glencore's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €23,777 Mil. Glencore's annualized EBITDA for the quarter that ended in Jun. 2026 was €14,328 Mil. Glencore's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 2.76.

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 Glencore's Debt-to-EBITDA or its related term are showing as below:

FRA:8GC' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.91   Med: 3.38   Max: 11.98
Current: 2.81

During the past 13 years, the highest Debt-to-EBITDA Ratio of Glencore was 11.98. The lowest was 0.91. And the median was 3.38.

FRA:8GC's Debt-to-EBITDA is ranked worse than
70.52% of 614 companies
in the Metals & Mining industry
Industry Median: 1.03 vs FRA:8GC: 2.81

Glencore  (FRA:8GC) 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.

Glencore Debt-to-EBITDA Related Terms

Glencore Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Glencore'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.

Glencore Debt-to-EBITDA Chart

Glencore Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
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Glencore Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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Glencore Debt-to-EBITDA Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Glencore'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.

Glencore Debt-to-EBITDA vs Metals & Mining Industry

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

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


FRA:8GC
71GF Score
Glencore PLC FRA:8GC
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Glencore Debt-to-EBITDA Calculation

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

Glencore's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(12341.095832092 + 22982.672740432) / 8062.3584709798
=4.38

Glencore's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(15806.874836001 + 23776.786495233) / 14328.420216025
=2.76

* 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 (Jun. 2026) EBITDA data.

Is Glencore (FRA:8GC) Overvalued in 2026?

Based on GuruFocus' analysis, Glencore stock appears to be undervalued. The current stock price of €6.48 is trading 0% below its estimated GF Value™ of €6.48. GuruFocus considers Glencore to be Fairly Valued.

Key valuation signals for FRA:8GC:

  • Debt-to-EBITDA:
  • GF Value™: €6.48 vs. price of €6.48 (0% below fair value)
  • GF Score™: 71/100 with 10 warning signs

No single metric tells the full story. See the FRA:8GC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Glencore Business Description

Address Baarermattstrasse 3, Baar, CHE, CH-6340
Glencore is one of the world's largest commodities traders, active in markets for metals and minerals, and energy products. Its marketing business provides sourcing, logistics, transportation, storage, and financing services to commodity producers and consumers around the globe. Its mining or industrials business produces thermal coal, coking coal, copper, zinc, nickel, cobalt, and ferroalloys. Unlike other major miners who are generally reducing their exposure to coal, it plans to produce thermal coal until its mines exhaust, arguing that it is better for listed, western companies to own these assets and then rehabilitate them consistent with western standards. We agree. It also expanded its coking coal exposure via the purchase of 77% of Teck's metallurgical coal business in July 2024.
71GF Score

Get the complete analysis for FRA:8GC

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€6.48
Price
€6.48
GF Value