Agnico Eagle Mines (Agnico Eagle Mines) Debt-to-EBITDA

: 7.87 (As of Dec. 2023)

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

Agnico Eagle Mines's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $146 Mil. Agnico Eagle Mines's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,858 Mil. Agnico Eagle Mines's annualized EBITDA for the quarter that ended in Dec. 2023 was $255 Mil. Agnico Eagle Mines's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 7.87.

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

AEM' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.5 Med: 1.3 Max: 4.59
Current: 0.5

During the past 13 years, the highest Debt-to-EBITDA Ratio of Agnico Eagle Mines was 4.59. The lowest was 0.50. And the median was 1.30.

AEM's Debt-to-EBITDA is ranked better than
77.16% of 543 companies
in the Metals & Mining industry
Industry Median: 2.04 vs AEM: 0.50

Agnico Eagle Mines Debt-to-EBITDA Historical Data

The historical data trend for Agnico Eagle 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.

Agnico Eagle Mines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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1.34

1.14

0.97

0.66

0.51

Agnico Eagle 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															0.68	0.28	0.60	0.73	7.87

Competitive Comparison

For the Gold subindustry, Agnico Eagle 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.

Agnico Eagle Mines Debt-to-EBITDA Distribution

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

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

Agnico Eagle Mines Debt-to-EBITDA Calculation

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

Agnico Eagle 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
	=	(146.394	+	1858.24)	/	3942.056
	=	0.51

Agnico Eagle 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
	=	(146.394	+	1858.24)	/	254.804
	=	7.87

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.

Agnico Eagle Mines (NYSE:AEM) 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.

Agnico Eagle Mines Debt-to-EBITDA Related Terms

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

Agnico Eagle Mines (Agnico Eagle Mines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Agnico Eagle Mines Ltd (NYSE:AEM) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

AEM:Mexico AE9:Germany AE9:Germany AE9:Germany AEM:Canada AEM:Argentina

Address

145 King Street East, Suite 400, Toronto, ON, CAN, M5C 2Y7

Website

https://www.agnicoeagle.com

Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It produced more than 3.1 million gold ounces in 2022 and had about 15 years of gold reserves at end 2022. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions and bought the remaining 50% of its Canadian Malartic mine along with the Wasamac project and other assets from Yamana Gold in 2023.