Eldorado Debt Ratio from 2010 to 2024
| EGO Stock | USD 14.97 0.12 0.80% |
Debt Ratio | First Reported 2010-12-31 | Previous Quarter 0.12865699 | Current Value 0.13 | Quarterly Volatility 0.07173464 |
Check Eldorado Gold financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Eldorado Gold's main balance sheet or income statement drivers, such as Depreciation And Amortization of 287.2 M, Interest Expense of 29 M or Total Revenue of 1.1 B, as well as many indicators such as Price To Sales Ratio of 2.38, Dividend Yield of 0.0054 or PTB Ratio of 0.68. Eldorado financial statements analysis is a perfect complement when working with Eldorado Gold Valuation or Volatility modules.
Eldorado | Debt Ratio |
Latest Eldorado Gold's Debt Ratio Growth Pattern
Below is the plot of the Debt Ratio of Eldorado Gold Corp over the last few years. It is Eldorado Gold's Debt Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Eldorado Gold's overall financial position and show how it may be relating to other accounts over time.
| Debt Ratio | 10 Years Trend |
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Debt Ratio |
| Timeline |
Eldorado Debt Ratio Regression Statistics
| Arithmetic Mean | 0.12 | |
| Geometric Mean | 0.10 | |
| Coefficient Of Variation | 60.89 | |
| Mean Deviation | 0.04 | |
| Median | 0.11 | |
| Standard Deviation | 0.07 | |
| Sample Variance | 0.01 | |
| Range | 0.3358 | |
| R-Value | (0.14) | |
| Mean Square Error | 0.01 | |
| R-Squared | 0.02 | |
| Significance | 0.62 | |
| Slope | (0) | |
| Total Sum of Squares | 0.07 |
Eldorado Debt Ratio History
Other Fundumenentals of Eldorado Gold Corp
Eldorado Gold Debt Ratio component correlations
Click cells to compare fundamentals
About Eldorado Gold Financial Statements
Eldorado Gold investors utilize fundamental indicators, such as Debt Ratio, to predict how Eldorado Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Debt Ratio | 0.13 | 0.13 | |
| Cash Flow To Debt Ratio | 0.60 | 0.57 |
Pair Trading with Eldorado Gold
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Eldorado Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Eldorado Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Eldorado Stock
Moving against Eldorado Stock
The ability to find closely correlated positions to Eldorado Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eldorado Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Eldorado Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Eldorado Gold Corp to buy it.
The correlation of Eldorado Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eldorado Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eldorado Gold Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Eldorado Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Eldorado Gold Correlation against competitors. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eldorado Gold. If investors know Eldorado will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eldorado Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 55.667 | Earnings Share 1.41 | Revenue Per Share 5.868 | Quarterly Revenue Growth 0.355 | Return On Assets 0.0386 |
The market value of Eldorado Gold Corp is measured differently than its book value, which is the value of Eldorado that is recorded on the company's balance sheet. Investors also form their own opinion of Eldorado Gold's value that differs from its market value or its book value, called intrinsic value, which is Eldorado Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eldorado Gold's market value can be influenced by many factors that don't directly affect Eldorado Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Eldorado Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eldorado Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eldorado Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.