KGHM Polska Miedz (WAR:KGH) Debt-to-EBITDA : -0.31 (As of Dec. 2023)

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What is KGHM Polska Miedz Debt-to-EBITDA?

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

KGHM Polska Miedz's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was zł964 Mil. KGHM Polska Miedz's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was zł4,761 Mil. KGHM Polska Miedz's annualized EBITDA for the quarter that ended in Dec. 2023 was zł-18,516 Mil. KGHM Polska Miedz's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -0.31.

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 KGHM Polska Miedz's Debt-to-EBITDA or its related term are showing as below:

WAR:KGH' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -4.97 Med: 0.86 Max: 1.84
Current: -4.97

During the past 13 years, the highest Debt-to-EBITDA Ratio of KGHM Polska Miedz was 1.84. The lowest was -4.97. And the median was 0.86.

WAR:KGH's Debt-to-EBITDA is ranked worse than
100% of 536 companies
in the Metals & Mining industry
Industry Median: 1.965 vs WAR:KGH: -4.97

KGHM Polska Miedz Debt-to-EBITDA Historical Data

The historical data trend for KGHM Polska Miedz'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.

KGHM Polska Miedz Debt-to-EBITDA Chart

KGHM Polska Miedz Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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1.84

1.51

0.58

0.74

-4.97

KGHM Polska Miedz 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															6.03	1.38	1.39	1.32	-0.31

Competitive Comparison of KGHM Polska Miedz's Debt-to-EBITDA

For the Copper subindustry, KGHM Polska Miedz'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.

KGHM Polska Miedz's Debt-to-EBITDA Distribution in the Metals & Mining Industry

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

* The bar in red indicates where KGHM Polska Miedz's Debt-to-EBITDA falls into.

KGHM Polska Miedz Debt-to-EBITDA Calculation

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

KGHM Polska Miedz'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
	=	(964	+	4761)	/	-1153
	=	-4.97

KGHM Polska Miedz'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
	=	(964	+	4761)	/	-18516
	=	-0.31

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.

KGHM Polska Miedz (WAR:KGH) 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.

KGHM Polska Miedz Debt-to-EBITDA Related Terms

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

KGHM Polska Miedz (WAR:KGH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » KGHM Polska Miedz SA (WAR:KGH) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

KGHPF:USA 0O8D:UK KGHA:Germany KGH:Czech Republic

Address

48 M.Sklodowskiej-Curie Street, Lubin, POL, 59-301

Website

https://www.kghm.com

KGHM Polska Miedz SA engages in copper ore mining and copper production primarily in South-Western Poland. The company also produces precious metals such as silver, which is typically used for coins, jewellery, photography products and industrial purposes. The bulk of group revenue is generated through copper sales, and the remainder is primarily through sales of silver, while a minor portion is generated through the production of gold, salt and casting of light metals. The materials are sold domestically, and exported to Germany, China, the U.S., the United Kingdom and the Czech Republic, among many other European nations. KGHM Polska Miedz SA is also involved in construction and engineering, through its wholly owned subsidiary Bipromet SA.

KGHM Polska Miedz (WAR:KGH) Headlines

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