Fortuna Silver Mines (Fortuna Silver Mines) Debt-to-EBITDA

: 9.89 (As of Dec. 2023)

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

Fortuna Silver Mines's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $58.8 Mil. Fortuna Silver Mines's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $205.4 Mil. Fortuna Silver Mines's annualized EBITDA for the quarter that ended in Dec. 2023 was $26.7 Mil. Fortuna Silver Mines's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 9.89.

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 Fortuna Silver Mines's Debt-to-EBITDA or its related term are showing as below:

FSM' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.27 Med: 1.15 Max: 4.07
Current: 1.14

During the past 13 years, the highest Debt-to-EBITDA Ratio of Fortuna Silver Mines was 4.07. The lowest was 0.27. And the median was 1.15.

FSM's Debt-to-EBITDA is ranked better than
61.69% of 543 companies
in the Metals & Mining industry
Industry Median: 2.04 vs FSM: 1.14

Fortuna Silver Mines Debt-to-EBITDA Historical Data

The historical data trend for Fortuna Silver Mines'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.

Fortuna Silver Mines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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1.86

1.67

0.77

4.07

1.15

Fortuna Silver Mines 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	Get a 7-Day Free Trial															-0.47	1.11	1.77	0.68	9.89

Competitive Comparison

For the Gold subindustry, Fortuna Silver Mines'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.

Fortuna Silver Mines Debt-to-EBITDA Distribution

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

* The bar in red indicates where Fortuna Silver Mines's Debt-to-EBITDA falls into.

Fortuna Silver Mines Debt-to-EBITDA Calculation

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

Fortuna Silver Mines'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
	=	(58.842	+	205.406)	/	230.789
	=	1.14

Fortuna Silver Mines'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
	=	(58.842	+	205.406)	/	26.732
	=	9.89

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.

Fortuna Silver Mines (NYSE:FSM) 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.

Fortuna Silver Mines Debt-to-EBITDA Related Terms

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

Fortuna Silver Mines (Fortuna Silver Mines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fortuna Silver Mines Inc (NYSE:FSM) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

F4S:Germany F4S:Germany FVI:Canada

Address

200 Burrard Street, Suite 650, Vancouver, BC, CAN, V6C 3L6

Website

https://www.fortunasilver.com

Fortuna Silver Mines Inc is engaged in precious and base metal mining and related activities in Argentina, Burkina Faso, Mexico, Peru, and Cote d'Ivoire. The company operates the open pit Lindero gold mine in northern Argentina, the underground Yaramoko mine in southwestern Burkina Faso, the underground San Jose silver and gold mine in southern Mexico, the underground Caylloma silver, lead, and zinc mine in southern Peru, and is developing the open pit Seguela gold mine in southwestern Cote d'Ivoire. The company earns revenue from contracts with customers related to its concentrate and dore sales.