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Eurasian Natural Resources (LSE:ENRC) Debt-to-EBITDA : -2.71 (As of Dec. 2013)


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What is Eurasian Natural Resources Debt-to-EBITDA?

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

Eurasian Natural Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2013 was £553 Mil. Eurasian Natural Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2013 was £3,213 Mil. Eurasian Natural Resources's annualized EBITDA for the quarter that ended in Dec. 2013 was £-1,388 Mil. Eurasian Natural Resources's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2013 was -2.71.

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 Eurasian Natural Resources's Debt-to-EBITDA or its related term are showing as below:

LSE:ENRC's Debt-to-EBITDA is not ranked *
in the Metals & Mining industry.
Industry Median: 1.81
* Ranked among companies with meaningful Debt-to-EBITDA only.

Eurasian Natural Resources Debt-to-EBITDA Historical Data

The historical data trend for Eurasian Natural Resources'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.

Eurasian Natural Resources Debt-to-EBITDA Chart

Eurasian Natural Resources Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.24 0.48 0.47 18.40 -2.71

Eurasian Natural Resources Semi-Annual Data
Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.24 0.48 0.47 18.40 -2.71

Competitive Comparison of Eurasian Natural Resources's Debt-to-EBITDA

For the Other Industrial Metals & Mining subindustry, Eurasian Natural Resources'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.


Eurasian Natural Resources's Debt-to-EBITDA Distribution in the Metals & Mining Industry

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

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



Eurasian Natural Resources Debt-to-EBITDA Calculation

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

Eurasian Natural Resources's Debt-to-EBITDA for the fiscal year that ended in Dec. 2013 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(553.27 + 3213.48) / -1388.36
=-2.71

Eurasian Natural Resources's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2013 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(553.27 + 3213.48) / -1388.36
=-2.71

* 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 one times the quarterly (Dec. 2013) EBITDA data.


Eurasian Natural Resources  (LSE:ENRC) 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.


Eurasian Natural Resources Debt-to-EBITDA Related Terms

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


Eurasian Natural Resources Business Description

Traded in Other Exchanges
N/A
Address
Eurasian Natural Resources Corp Ltd was incorporated on December 06, 2006. It is a diversified natural resources company. It performs integrated mining, processing, power generation, logistics and marketing operations. Its six operating segments are Ferroalloys, Iron Ore, Alumina and Aluminium, Other Non-ferrous, Energy, and Logistics. Ferroalloys comprises the extraction and sale of chrome ore as well as the production of ferroalloys from chromium and manganese ores. Iron Ore comprises exploration, extraction, processing and manufacturing of iron ore products. Alumina and Aluminium comprises extraction and processing of bauxite and limestone, and smelting of alumina and aluminium. Other Non-ferrous comprises the exploration and extraction, processing and manufacturing of copper and cobalt products, and the exploration of other minerals in Africa. Energy comprises coal mining and power generation. Logistics includes transportation and logistical services to the company's primary operating divisions and to third parties.

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