EGOEldorado Gold Corporation
Is it safe?
Mostly sound, with a caveat: comfortable debt (AA), but big price swings.
Rock-solid balance sheet, low leverage. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -89% · now 24% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can EGO take a bad year?
Eldorado Gold Corporation carries $454M of net debt at 0.46× EBITDA: a load its earnings can carry.
Net debt · as at FY2025 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 0.46×
Net debt / EBITDA · 0.09× a year ago · the load is going up
- Interest cover
- 23.0×
Interest cover · operating profit covers the interest bill several times over
- Annualised volatility
- 51%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtFY2025
- $1.32B
- Cash and short-term investments
- $869M
- Net debt
- $454M
- EBITDA, trailing twelve months
- $986M
- Operating profit, trailing twelve months
- $727M
- Debt / equity
- 0.31×
- Total debt / EBITDA
- 1.34×
- Annualised volatilitytwo years of daily moves
- 51%
- Worst drawdown on file
- −89%
- Below its 52-week high
- 24%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.