Inmet Mining (FRA:MMC) Debt-to-EBITDA : 7.40 (As of Dec. 2012)

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What is Inmet Mining Debt-to-EBITDA?

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

Inmet Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2012 was €13.6 Mil. Inmet Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2012 was €1,493.7 Mil. Inmet Mining's annualized EBITDA for the quarter that ended in Dec. 2012 was €203.6 Mil. Inmet Mining's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2012 was 7.40.

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

FRA:MMC' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0 Med: 0 Max: 3.66
Current: 3.66

During the past 13 years, the highest Debt-to-EBITDA Ratio of Inmet Mining was 3.66. The lowest was 0.00. And the median was 0.00.

FRA:MMC's Debt-to-EBITDA is not ranked
in the Metals & Mining industry.
Industry Median: 1.98 vs FRA:MMC: 3.66

Inmet Mining Debt-to-EBITDA Historical Data

The historical data trend for Inmet 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.

Inmet Mining Debt-to-EBITDA Chart

Inmet Mining Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Debt-to-EBITDA

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1.26

0.44

0.03

0.08

3.45

Inmet Mining Quarterly Data
	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12
Debt-to-EBITDA	Get a 7-Day Free Trial															0.01	0.03	3.37	1.83	7.40

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

For the Other Industrial Metals & Mining subindustry, Inmet 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.

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

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

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

Inmet Mining Debt-to-EBITDA Calculation

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

Inmet Mining's Debt-to-EBITDA for the fiscal year that ended in Dec. 2012 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(13.617	+	1493.697)	/	437.553
	=	3.44

Inmet Mining's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2012 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(13.617	+	1493.697)	/	203.628
	=	7.40

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. 2012) EBITDA data.

Inmet Mining (FRA:MMC) 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.

Inmet Mining Debt-to-EBITDA Related Terms

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

Inmet Mining (FRA:MMC) Business Description

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Inmet Mining Corporation is a Canadian-based global mining company that produces base metals with a focus on copper. It operates and develops underground and open pit mines safely, responsibly and cost effectively. The Company has three operating properties and one development property around the world. Ã‡ayeli is an underground mine on the Black Sea coast of northeastern Turkey. It produces copper and zinc concentrates, which are sold to international and domestic smelters and traders. Las Cruces is an open pit mine in southern Spain. Las Cruces uses leaching and electrowinning technology to produce copper cathode which are sold to buyers in the Spanish and Mediterranean markets. PyhÃ¤salmi is an underground copper and zinc mine in central Finland. It produces copper, zinc and pyrite concentrates. Copper and zinc concentrates are sold under long-term contracts to smelters in Finland. Pyrite is sold under contract to customers in Europe and Asia as well as in the spot market. Cobre Panama is an open pit copper development project in Panama.