HMY (Harmony Gold Mining Co) Debt-to-EBITDA : (As of Jun. 2026)

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HMY Harmony Gold Mining Co Ltd HMY
92 GF Score
Price $19.00
GF Value $19.68
Valuation Fairly Valued
! 2 Warning Signs
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What is Harmony Gold Mining Co Debt-to-EBITDA?

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

Harmony Gold Mining Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $578 Mil. Harmony Gold Mining Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $0 Mil. Harmony Gold Mining Co's annualized EBITDA for the quarter that ended in Jun. 2026 was $3,553 Mil. Harmony Gold Mining Co's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 0.16.

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 Harmony Gold Mining Co's Debt-to-EBITDA or its related term are showing as below:

HMY' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -3.11   Med: 0.45   Max: 3.14
Current: 0.2

During the past 13 years, the highest Debt-to-EBITDA Ratio of Harmony Gold Mining Co was 3.14. The lowest was -3.11. And the median was 0.45.

HMY's Debt-to-EBITDA is ranked better than
76.22% of 614 companies
in the Metals & Mining industry
Industry Median: 1.03 vs HMY: 0.20

Harmony Gold Mining Co  (NYSE:HMY) 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.

Harmony Gold Mining Co Debt-to-EBITDA Related Terms

Harmony Gold Mining Co Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Harmony Gold Mining Co'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.

Harmony Gold Mining Co Debt-to-EBITDA Chart

Harmony Gold Mining Co Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Debt-to-EBITDA
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Harmony Gold Mining Co 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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HMY vs NEM, AU, RGLD: Debt-to-EBITDA Comparison

For the Gold subindustry, Harmony Gold Mining Co'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.

Harmony Gold Mining Co Debt-to-EBITDA vs Metals & Mining Industry

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

* The bar in red indicates where Harmony Gold Mining Co's Debt-to-EBITDA falls into.


HMY
92GF Score
Harmony Gold Mining Co Ltd HMY
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Harmony Gold Mining Co Debt-to-EBITDA Calculation

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

Harmony Gold Mining Co's Debt-to-EBITDA for the fiscal year 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
=(578.15741305674 + 0) / 2797.6723047705
=0.21

Harmony Gold Mining Co'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
=(578.15741305674 + 0) / 3553.1744725684
=0.16

* 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 Harmony Gold Mining Co (HMY) Overvalued in 2026?

Based on GuruFocus' analysis, Harmony Gold Mining Co stock appears to be undervalued. The current stock price of $19.00 is trading 3.5% below its estimated GF Value™ of $19.68. GuruFocus considers Harmony Gold Mining Co to be Fairly Valued.

Key valuation signals for HMY:

  • Debt-to-EBITDA:
  • GF Value™: $19.68 vs. price of $19.00 (3.5% below fair value)
  • GF Score™: 92/100 with 2 warning signs

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

Harmony Gold Mining Co Business Description

Address Corner Main Reef Road and Ward Avenue, Randfontein Office Park, Randfontein, ZAF, 1759
Harmony Gold Mining Co Ltd is engaged in gold mining and related activities, including exploration, extraction, and processing. The group's primary product is gold bullion, produced at operations in South Africa and Papua New Guinea. Gold byproducts include uranium and silver. Strategic projects such as the Wafi-Golpu Project in the New Guinea Mobile Belt, the Eva Copper Project in the Mt Isa Inlier, Queensland, Australia, and the MAC Copper acquisition position the company as a gold-copper producer. The company operates across South Africa, Papua New Guinea, and Australia.
92GF Score

Get the complete analysis for HMY

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

$19.00
Price
$19.68
GF Value