Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN) Debt-to-EBITDA : 0.27 (As of Dec. 2023)

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MIC:MAGN Magnitogorsk Iron & Steel Works PJSC MIC:MAGN
17 GF Score
Price ₽22.62
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What is Magnitogorsk Iron & Steel Works PJSC Debt-to-EBITDA?

Magnitogorsk Iron & Steel Works PJSC MIC:MAGN +2.49% 17 Debt-to-EBITDA is 0.27 as of Dec. 2023. GuruFocus rates MIC:MAGN with a GF Score™ of 17/100.

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

Magnitogorsk Iron & Steel Works PJSC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₽57,988 Mil. Magnitogorsk Iron & Steel Works PJSC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₽14,534 Mil. Magnitogorsk Iron & Steel Works PJSC's annualized EBITDA for the quarter that ended in Dec. 2023 was ₽270,406 Mil. Magnitogorsk Iron & Steel Works PJSC's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.27.

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 Magnitogorsk Iron & Steel Works PJSC's Debt-to-EBITDA or its related term are showing as below:

MIC:MAGN's Debt-to-EBITDA is not ranked *
in the Steel industry.
Industry Median: 2.9
* Ranked among companies with meaningful Debt-to-EBITDA only.

Magnitogorsk Iron & Steel Works PJSC  (MIC:MAGN) 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.


Magnitogorsk Iron & Steel Works PJSC Debt-to-EBITDA Related Terms


Magnitogorsk Iron & Steel Works PJSC Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Magnitogorsk Iron & Steel Works PJSC'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.

Magnitogorsk Iron & Steel Works PJSC Debt-to-EBITDA Chart

Magnitogorsk Iron & Steel Works PJSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.53 0.76 0.22 0.49 0.35

Magnitogorsk Iron & Steel Works PJSC 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.20 0.00 1.85 0.48 0.27

MIC:MAGN vs NUE, STLD, RS: Debt-to-EBITDA Comparison

For the Steel subindustry, Magnitogorsk Iron & Steel Works PJSC'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.


Magnitogorsk Iron & Steel Works PJSC Debt-to-EBITDA vs Steel Industry

For the Steel industry and Basic Materials sector, Magnitogorsk Iron & Steel Works PJSC's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Magnitogorsk Iron & Steel Works PJSC's Debt-to-EBITDA falls into.


MIC:MAGN
17GF Score
Magnitogorsk Iron & Steel Works PJSC MIC:MAGN
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
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Magnitogorsk Iron & Steel Works PJSC Debt-to-EBITDA Calculation

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

Magnitogorsk Iron & Steel Works PJSC'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
=(57988 + 14534) / 205478
=0.35

Magnitogorsk Iron & Steel Works PJSC'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
=(57988 + 14534) / 270406
=0.27

* 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. 2023) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 0.27 mean?
Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN) has a Debt-to-EBITDA of 0.27 as of Dec. 2023. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Magnitogorsk Iron & Steel Works PJSC.
Is Magnitogorsk Iron & Steel Works PJSC's Debt-to-EBITDA too high?
Magnitogorsk Iron & Steel Works PJSC's current Debt-to-EBITDA is 0.27. The Steel industry median Debt-to-EBITDA is 2.90. Magnitogorsk Iron & Steel Works PJSC's value of 0.27 is 90.7% below this industry median. Overall, Magnitogorsk Iron & Steel Works PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Magnitogorsk Iron & Steel Works PJSC's Debt-to-EBITDA compare to NUE and STLD?
Magnitogorsk Iron & Steel Works PJSC's Debt-to-EBITDA of 0.27 can be compared against companies in the Steel industry. The industry median Debt-to-EBITDA is 2.90. Magnitogorsk Iron & Steel Works PJSC's value of 0.27 is 90.7% below this benchmark. 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 Steel company?
The median Debt-to-EBITDA among Steel companies is 2.90, based on 494 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. Magnitogorsk Iron & Steel Works PJSC's current Debt-to-EBITDA of 0.27 is 90.7% below the industry median. 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 Magnitogorsk Iron & Steel Works PJSC. For the Steel industry, the median Debt-to-EBITDA is 2.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Magnitogorsk Iron & Steel Works PJSC's current Debt-to-EBITDA is 0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magnitogorsk Iron & Steel Works PJSC stock overvalued right now?
Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN) has a current Debt-to-EBITDA of 0.27. The current Debt-to-EBITDA is 0.27 and 90.7% below the Steel industry median of 2.90. Magnitogorsk Iron & Steel Works PJSC's overall GF Score™ is 17/100. 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 Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN), the current Debt-to-EBITDA is 0.27 as of Dec. 2023. 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.

Magnitogorsk Iron & Steel Works PJSC Business Description

Address 93, Kirov Street, Chelyabinsk region, Magnitogorsk, RUS, 455000
Magnitogorsk Iron & Steel Works PJSC is a steel producer in Russia. The company's output includes a broad range of steel products with a portion being high-value-added. In Russia, the company operates a large steel-producing complex encompassing the entire production chain from iron-ore processing to downstream production of rolled steel. The company sells the majority of its metal products in Russia. The company's financial results are divided into three segments: the Russian steel segment; the Turkish steel segment; and the coal segment. The steel segment accounts for the vast majority of the company's revenue.
17GF Score

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

₽22.62
Price