Chemring Group (Chemring Group) Debt-to-EBITDA : 0.31 (As of Oct. 2023)

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What is Chemring Group Debt-to-EBITDA?

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

Chemring Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $1.3 Mil. Chemring Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $23.9 Mil. Chemring Group's annualized EBITDA for the quarter that ended in Oct. 2023 was $81.4 Mil. Chemring Group's annualized Debt-to-EBITDA for the quarter that ended in Oct. 2023 was 0.31.

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 Chemring Group's Debt-to-EBITDA or its related term are showing as below:

CMGMF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.31 Med: 1.84 Max: 6.21
Current: 0.31

During the past 13 years, the highest Debt-to-EBITDA Ratio of Chemring Group was 6.21. The lowest was 0.31. And the median was 1.84.

CMGMF's Debt-to-EBITDA is ranked better than
86.03% of 229 companies
in the Aerospace & Defense industry
Industry Median: 2.34 vs CMGMF: 0.31

Chemring Group Debt-to-EBITDA Historical Data

The historical data trend for Chemring Group'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.

Chemring Group Debt-to-EBITDA Chart

Chemring Group Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-EBITDA

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1.27

0.84

0.43

0.38

0.31

Chemring Group Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Debt-to-EBITDA	Get a 7-Day Free Trial															0.44	0.35	0.44	0.46	0.31

Competitive Comparison of Chemring Group's Debt-to-EBITDA

For the Aerospace & Defense subindustry, Chemring Group'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.

Chemring Group's Debt-to-EBITDA Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Chemring Group's Debt-to-EBITDA distribution charts can be found below:

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

Chemring Group Debt-to-EBITDA Calculation

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

Chemring Group's Debt-to-EBITDA for the fiscal year that ended in Oct. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(1.34	+	23.873)	/	82.46
	=	0.31

Chemring Group's annualized Debt-to-EBITDA for the quarter that ended in Oct. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(1.34	+	23.873)	/	81.364
	=	0.31

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 two times the quarterly (Oct. 2023) EBITDA data.

Chemring Group (OTCPK:CMGMF) 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.

Chemring Group Debt-to-EBITDA Related Terms

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

Chemring Group (Chemring Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Chemring Group PLC (OTCPK:CMGMF) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

CMGMY:USA CHGl:UK CHG:UK CMN1:Germany

Address

Old Salisbury Lane, Roke Manor, Romsey, Hampshire, GBR, SO51 0ZN

Website

http://www.chemring.co.uk

Chemring Group PLC is a defense technology company. The company's operating segment includes Sensors and Information; it is engaged in the development and manufacturing of electronic countermeasures, chemical and biological threat detection equipment, and explosive hazard detection (EHD) equipment. and Countermeasures and Energetics segment is engaged in the development and manufacturing of expendable countermeasures for air and sea platforms, cartridge/propellant actuated devices, pyrotechnic devices for satellite launch and deployment, missile components, propellants, separation sub-systems, actuators, and energetic materials. It generates maximum revenue from the Countermeasures and Energetics segment. Geographically, the majority of the revenue for the company is generated from UK.