Anglogold Ashanti (STU:HT3) Debt-to-EBITDA : (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STU:HT3 Anglogold Ashanti PLC STU:HT3
86 GF Score
Price €89.14
GF Value €52.99
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Anglogold Ashanti Debt-to-EBITDA?

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

Anglogold Ashanti's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €66 Mil. Anglogold Ashanti's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €1,500 Mil. Anglogold Ashanti's annualized EBITDA for the quarter that ended in Jun. 2026 was €7,730 Mil. Anglogold Ashanti's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 0.20.

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

STU:HT3' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.28   Med: 1.74   Max: 2.77
Current: 0.28

During the past 13 years, the highest Debt-to-EBITDA Ratio of Anglogold Ashanti was 2.77. The lowest was 0.28. And the median was 1.74.

STU:HT3's Debt-to-EBITDA is ranked better than
72.96% of 614 companies
in the Metals & Mining industry
Industry Median: 1.03 vs STU:HT3: 0.28

Anglogold Ashanti  (STU:HT3) 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.


Anglogold Ashanti Debt-to-EBITDA Related Terms


Anglogold Ashanti Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Anglogold Ashanti'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.

Anglogold Ashanti Debt-to-EBITDA Chart

Anglogold Ashanti Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
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Anglogold Ashanti Quarterly Data
Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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STU:HT3 vs RGLD, CDE, AUGO: Debt-to-EBITDA Comparison

For the Gold subindustry, Anglogold Ashanti'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.


Anglogold Ashanti Debt-to-EBITDA vs Metals & Mining Industry

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

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


STU:HT3
86GF Score
Anglogold Ashanti PLC STU:HT3
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Anglogold Ashanti Debt-to-EBITDA Calculation

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

Anglogold Ashanti'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
=(85.997701051712 + 1856.1880028984) / 4898.1995413892
=0.40

Anglogold Ashanti'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
=(66.474241231726 + 1500.043733058) / 7730.2186549676
=0.20

* 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 four times the quarterly (Jun. 2026) EBITDA data.

Is Anglogold Ashanti (STU:HT3) Overvalued in 2026?

Based on GuruFocus' analysis, Anglogold Ashanti stock appears to be overvalued. The current stock price of €89.14 is trading 68.2% above its estimated GF Value™ of €52.99. GuruFocus considers Anglogold Ashanti to be Significantly Overvalued.

Key valuation signals for STU:HT3:

  • Debt-to-EBITDA:
  • GF Value™: €52.99 vs. price of €89.14 (68.2% above fair value)
  • GF Score™: 86/100 with 1 warning sign

No single metric tells the full story. See the STU:HT3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Anglogold Ashanti Business Description

Address 6363 S Fiddlers Green Circle, Suite 1000, Greenwood Village, Denver, CO, USA, 80111
Anglogold Ashanti PLC is an independent gold mining company. It has a diversified asset portfolio, including production from operations in eight countries (Argentina, Australia, Brazil, Egypt, Ghana, Guinea, the DRC, and Tanzania), supported by greenfield projects in the United States and Colombia. The company's main product is gold, which once mined, is processed into dore (unrefined gold bars) on site and then dispatched to precious metals refineries. Geographically, Anglogold generates maximum revenue from its operations in Africa (comprising operations at Kibali, Iduapriem, Obuasi, Siguiri, Geita, and Sukari mines), followed by Australia (including Sunrise Dam and Tropicana), and the Americas (comprising Cerro Vanguardia, AngloGold Ashanti Mineracao, and Serra Grande operations).
86GF Score

Get the complete analysis for STU:HT3

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

€89.14
Price
€52.99
GF Value