Evolution Mining (ASX:EVN) Debt-to-EBITDA : 1.99 (As of Dec. 2023)

View and export this data going back to 2002. Start your Free Trial

What is Evolution Mining Debt-to-EBITDA?

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

Evolution Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$37 Mil. Evolution Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$1,898 Mil. Evolution Mining's annualized EBITDA for the quarter that ended in Dec. 2023 was A$973 Mil. Evolution Mining's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 1.99.

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

ASX:EVN' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.09 Med: 0.75 Max: 2.19
Current: 2.19

During the past 13 years, the highest Debt-to-EBITDA Ratio of Evolution Mining was 2.19. The lowest was 0.09. And the median was 0.75.

ASX:EVN's Debt-to-EBITDA is ranked worse than
53.37% of 534 companies
in the Metals & Mining industry
Industry Median: 1.965 vs ASX:EVN: 2.19

Evolution Mining Debt-to-EBITDA Historical Data

The historical data trend for Evolution 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.

Evolution Mining Debt-to-EBITDA Chart

Evolution Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-EBITDA

Get a 7-Day Free Trial

0.41

0.72

0.71

1.99

2.16

Evolution Mining 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	Get a 7-Day Free Trial															2.22	1.63	2.03	2.29	1.99

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

For the Gold subindustry, Evolution 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.

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

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

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

Evolution Mining Debt-to-EBITDA Calculation

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

Evolution Mining's Debt-to-EBITDA for the fiscal year that ended in Jun. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(363.796	+	1457.469)	/	844.974
	=	2.16

Evolution Mining'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
	=	(37.291	+	1898.126)	/	973.082
	=	1.99

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.

Evolution Mining (ASX:EVN) 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.

Evolution Mining Debt-to-EBITDA Related Terms

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

Evolution Mining (ASX:EVN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Evolution Mining Ltd (ASX:EVN) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

CAHPF:USA WE7:Germany

Address

175 Liverpool Street, Level 24, Sydney, NSW, AUS, 2000

Website

https://www.evolutionmining.com.au

Evolution Mining is an Australian-based gold miner. It sold around 650,000 ounces of gold in fiscal 2023 from five wholly owned mines in Australia and Canada. Formed in 2011 via the merger of Conquest Mining and Catalpa Resources and the purchase of Newcrest Mining's Mt Rawdon and Cracow mines, Evolution has acquired more mines and sold the generally less attractive, higher-cost mines. Cowal and Mungari were bought in 2015, with an initial interest in Glencore's Ernest Henry mine following in 2016, Red Lake in Canada in 2020, and the rest of Ernest Henry in 2022. It has also agreed to buy an 80% stake in the Northparkes copper and gold mine in New South Wales, likely effective January 2024. It had roughly 13 years of gold reserves at end fiscal 2023.