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Gold Fields (NYSE:GFI) Debt-to-EBITDA

: 0.97 (As of Dec. 2023)
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Debt-to-EBITDA measures a company's ability to pay off its debt.

Gold Fields's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $660 Mil. Gold Fields's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,013 Mil. Gold Fields's annualized EBITDA for the quarter that ended in Dec. 2023 was $1,727 Mil. Gold Fields's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.97.

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

GFI' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.71   Med: 1.67   Max: 19.83
Current: 0.81

During the past 13 years, the highest Debt-to-EBITDA Ratio of Gold Fields was 19.83. The lowest was 0.71. And the median was 1.67.

GFI's Debt-to-EBITDA is ranked better than
68.57% of 544 companies
in the Metals & Mining industry
Industry Median: 2.015 vs GFI: 0.81

Gold Fields Debt-to-EBITDA Historical Data

The historical data trend for Gold Fields'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.

Gold Fields Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.05 1.00 0.71 0.71 0.81

Gold Fields 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 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 Premium Member Only Premium Member Only Premium Member Only 0.67 0.64 0.87 0.70 0.97

Competitive Comparison

For the Gold subindustry, Gold Fields'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.


Gold Fields Debt-to-EBITDA Distribution

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

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



Gold Fields Debt-to-EBITDA Calculation

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

Gold Fields'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
=(659.8 + 1013.1) / 2068.5
=0.81

Gold Fields'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
=(659.8 + 1013.1) / 1726.6
=0.97

* 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.


Gold Fields  (NYSE:GFI) 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.


Gold Fields Debt-to-EBITDA Related Terms

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


Gold Fields (NYSE:GFI) Business Description

Address
150 Helen Road, Sandown, Sandton, Johannesburg, GT, ZAF, 2196
Gold Fields Ltd is a producer of gold and is a holder of gold reserves and resources in South Africa, Ghana, Australia and Peru. In Peru, the company also produces copper. The company is primarily involved in underground and surface gold and surface copper mining and silver and related activities, including exploration, extraction, processing and smelting. It conducts underground and surface mining operations at St. Ives, underground-only operations at Agnew, Granny Smith and South Deep and surface-only open pit mining at Damang, Tarkwa and Cerro Corona. The company's revenues are derived from the sale of gold that it produces.