Centerra Gold Inc. key statistics and ratios

In fiscal 2023, Centerra Gold Inc. had return on equity of -4.7%, an operating margin of 1.6%, debt equal to 0.0% of equity and a current ratio of 3.25. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Centerra Gold Inc.: financial ratios, annual
Fiscal year	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023
Gross margin	29.9%	32.4%	21.0%	24.1%
Operating margin	6.1%	37.1%	−4.3%	1.6%
Net margin	56.6%	−42.4%	−9.1%	−7.4%
Free-cash-flow margin	114.6%	35.8%	−9.8%	14.6%
Return on equity	16.6%	−16.9%	−4.0%	−4.7%
Return on assets	13.0%	−13.1%	−3.1%	−3.5%
Asset turnover	0.23	0.31	0.34	0.47
Current ratio	5.32	5.59	3.60	3.25
Debt to equity	0.0%	0.0%	0.0%	0.0%
Interest cover (operating income ÷ interest)	12.2x	—	n/m	27.2x
Effective tax rate	32.3%	−10.9%	—	—
Capital spending as % of revenue	14.4%	10.3%	9.5%	7.8%
Free cash flow ÷ net income	202.3%	—	—	—
Dividends ÷ net income	9.7%	—	—	—
Dividends and buybacks ÷ free cash flow	4.8%	14.0%	—	28.0%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 2 checks passed · December 31, 2023

What it owns · $2.3bn

Short-term assets $966mLonger-term assets $1.3bn

What it owes, and who funded it · $2.0bn

Short-term liabilities $297mShareholders' equity $1.7bn

Short-term assets cover short-term liabilities $966m of assets due within a year against $297m of liabilities due within a year.
Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
More cash than debt Cash or debt not separately reported. Not assessable.
Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
Operating profit covers interest at least five times over Operating income of $18m against $657,000 of interest.

From Centerra Gold Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

More: Gold stocks compared, Materials sector, rankings of US companies

Figures from Centerra Gold Inc.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Centerra Gold Inc.