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Primero Mining (Primero Mining) Debt-to-EBITDA : -1.39 (As of Mar. 2018)


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What is Primero Mining Debt-to-EBITDA?

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

Primero Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2018 was $30.3 Mil. Primero Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2018 was $73.9 Mil. Primero Mining's annualized EBITDA for the quarter that ended in Mar. 2018 was $-75.0 Mil. Primero Mining's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2018 was -1.39.

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 Primero Mining's Debt-to-EBITDA or its related term are showing as below:

PPPMF's Debt-to-EBITDA is not ranked *
in the Metals & Mining industry.
Industry Median: 1.99
* Ranked among companies with meaningful Debt-to-EBITDA only.

Primero Mining Debt-to-EBITDA Historical Data

The historical data trend for Primero Mining'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.

Primero Mining Debt-to-EBITDA Chart

Primero Mining Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.35 -0.68 1.11 -1.59 -0.26

Primero Mining Quarterly Data
Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18
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 7.60 -0.11 -121.42 -0.34 -1.39

Competitive Comparison of Primero Mining's Debt-to-EBITDA

For the Gold subindustry, Primero Mining'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.


Primero Mining's Debt-to-EBITDA Distribution in the Metals & Mining Industry

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

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



Primero Mining Debt-to-EBITDA Calculation

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

Primero Mining's Debt-to-EBITDA for the fiscal year that ended in Dec. 2017 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(30.31 + 47.625) / -300.962
=-0.26

Primero Mining's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2018 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(30.253 + 73.875) / -75
=-1.39

* 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 (Mar. 2018) EBITDA data.


Primero Mining  (OTCPK:PPPMF) 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.


Primero Mining Debt-to-EBITDA Related Terms

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


Primero Mining (Primero Mining) Business Description

Traded in Other Exchanges
N/A
Address
79 Wellington Street West, Suite 2100, P.O. Box 139, TD Tower South, Toronto-Dominion Centre, Toronto, ON, CAN, M5K 1H1
Primero Mining Corp is a Canadian-based gold mining company. The company operates in two geographic areas; Mexico and Canada. Its operations are carried out from its San Dimas mine. The company owns 100% of the San Dimas gold-silver mine. Revenue is derived primarily derived from the sale of gold and silver.

Primero Mining (Primero Mining) Headlines

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