Eldorado Gold Corp key statistics and ratios

In fiscal 2025, Eldorado Gold Corp had return on equity of 12.4%, an operating margin of 40.0%, debt equal to 29.8% of equity and a current ratio of 1.83. 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.

Eldorado Gold Corp: financial ratios, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Gross margin	37.7%	32.2%	18.3%	21.0%	35.4%	30.8%	19.7%	26.6%	38.3%	48.5%
Operating margin	15.5%	−9.8%	−103.9%	23.8%	25.4%	23.2%	4.8%	18.0%	31.7%	40.0%
Net margin	−79.5%	−2.5%	−78.8%	13.0%	12.2%	−14.5%	−40.6%	10.4%	21.9%	27.9%
Free-cash-flow margin	—	—	—	−7.9%	23.1%	—	—	—	—	—
Return on equity	−9.9%	−0.3%	−10.4%	2.4%	3.5%	−3.8%	−10.4%	3.1%	7.8%	12.4%
Return on assets	−7.2%	−0.2%	−7.4%	1.7%	2.6%	−2.8%	−7.5%	2.2%	5.3%	8.1%
Asset turnover	0.09	0.08	0.09	0.13	0.21	0.19	0.19	0.21	0.24	0.29
Current ratio	12.04	6.47	3.63	1.97	2.88	3.52	3.00	3.39	3.60	1.83
Debt to equity	17.0%	16.3%	18.1%	14.0%	13.7%	13.7%	15.4%	18.1%	23.5%	29.8%
Interest cover (operating income ÷ interest)	—	—	n/m	80.3x	134.7x	108.8x	25.4x	104.2x	—	—
Effective tax rate	—	—	—	35.1%	39.9%	87.7%	—	35.2%	31.0%	4.1%
Capital spending as % of revenue	68.8%	79.0%	50.5%	34.7%	18.4%	30.0%	33.2%	39.8%	44.9%	47.6%
Free cash flow ÷ net income	—	—	—	−60.4%	189.7%	—	—	—	—	—
Dividends and buybacks ÷ free cash flow	—	—	—	—	1.5%	—	—	—	—	—

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

3 of 6 checks passed · December 31, 2025

What it owns · $6.7bn

Short-term assets $1.4bnLonger-term assets $5.3bn

What it owes, and who funded it · $6.7bn

Short-term liabilities $789mLonger-term liabilities $1.7bnShareholders' equity $4.3bn

Short-term assets cover short-term liabilities $1.4bn of assets due within a year against $789m of liabilities due within a year.
Short-term assets cover long-term liabilities $1.4bn short-term assets against $1.7bn of longer-dated liabilities.
More cash than debt $869m of cash against $1.3bn of debt.
Debt below 40% of shareholders' equity Debt is 30% of equity.
Debt burden no higher than five years ago Debt to equity moved from 12% to 30% over five years.
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 $727m against $2m of interest.

From Eldorado Gold Corp'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.

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Figures from Eldorado Gold Corp'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 Eldorado Gold Corp.