Eldorado Gold (Eldorado Gold) Debt-to-EBITDA

: 1.30 (As of Dec. 2023)

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

Eldorado Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5 Mil. Eldorado Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $654 Mil. Eldorado Gold's annualized EBITDA for the quarter that ended in Dec. 2023 was $508 Mil. Eldorado Gold's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 1.30.

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

EGO' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1.7 Med: 1.42 Max: 7.8
Current: 1.43

During the past 13 years, the highest Debt-to-EBITDA Ratio of Eldorado Gold was 7.80. The lowest was -1.70. And the median was 1.42.

EGO's Debt-to-EBITDA is ranked better than
57.09% of 543 companies
in the Metals & Mining industry
Industry Median: 2.04 vs EGO: 1.43

Eldorado Gold Debt-to-EBITDA Historical Data

The historical data trend for Eldorado Gold'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.

Eldorado Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

1.62

1.10

1.20

1.78

1.44

Eldorado Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA																1.37	1.22	1.26	1.33	1.30

Competitive Comparison

For the Gold subindustry, Eldorado Gold'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.

Eldorado Gold Debt-to-EBITDA Distribution

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

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

Eldorado Gold Debt-to-EBITDA Calculation

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

Eldorado Gold'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
	=	(5.02	+	653.786)	/	458.197
	=	1.44

Eldorado Gold'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
	=	(5.02	+	653.786)	/	507.572
	=	1.30

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 (Dec. 2023) EBITDA data.

Eldorado Gold (NYSE:EGO) 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.

Eldorado Gold Debt-to-EBITDA Related Terms

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

Eldorado Gold (Eldorado Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Eldorado Gold Corp (NYSE:EGO) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

ELO1:Germany ELD:Canada

Address

550 Burrard Street, Suite 1188, Bentall 5, Vancouver, BC, CAN, V6C 2B5

Website

https://www.eldoradogold.com

Eldorado Gold Corp is a gold and base metals producer with mining, development, and exploration operations in Turkey, Canada, Greece and Romania. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill, and Certej projects.