Park-Ohio Holdings (Park-Ohio Holdings) Debt-to-EBITDA : 5.30 (As of Mar. 2024)

View and export this data going back to 1990. Start your Free Trial

What is Park-Ohio Holdings Debt-to-EBITDA?

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

Park-Ohio Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $24 Mil. Park-Ohio Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $691 Mil. Park-Ohio Holdings's annualized EBITDA for the quarter that ended in Mar. 2024 was $135 Mil. Park-Ohio Holdings's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 5.30.

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 Park-Ohio Holdings's Debt-to-EBITDA or its related term are showing as below:

PKOH' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.66 Med: 4.96 Max: 11.44
Current: 5.79

During the past 13 years, the highest Debt-to-EBITDA Ratio of Park-Ohio Holdings was 11.44. The lowest was 3.66. And the median was 4.96.

PKOH's Debt-to-EBITDA is ranked worse than
83.14% of 2290 companies
in the Industrial Products industry
Industry Median: 1.72 vs PKOH: 5.79

Park-Ohio Holdings Debt-to-EBITDA Historical Data

The historical data trend for Park-Ohio Holdings'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.

Park-Ohio Holdings Debt-to-EBITDA Chart

Park-Ohio Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

Get a 7-Day Free Trial

5.11

11.09

11.44

9.65

5.81

Park-Ohio Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-EBITDA	Get a 7-Day Free Trial															6.35	6.66	5.06	6.46	5.30

Competitive Comparison of Park-Ohio Holdings's Debt-to-EBITDA

For the Specialty Industrial Machinery subindustry, Park-Ohio Holdings'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.

Park-Ohio Holdings's Debt-to-EBITDA Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Park-Ohio Holdings's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Park-Ohio Holdings's Debt-to-EBITDA falls into.

Park-Ohio Holdings Debt-to-EBITDA Calculation

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

Park-Ohio Holdings's Debt-to-EBITDA for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(20	+	667.8)	/	118.3
	=	5.81

Park-Ohio Holdings's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(23.9	+	690.9)	/	134.8
	=	5.30

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 four times the quarterly (Mar. 2024) EBITDA data.

Park-Ohio Holdings (NAS:PKOH) 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.

Park-Ohio Holdings Debt-to-EBITDA Related Terms

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

Park-Ohio Holdings (Park-Ohio Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Park-Ohio Holdings Corp (NAS:PKOH) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

6065 Parkland Boulevard, Cleveland, OH, USA, 44124

Website

http://www.pkoh.com

Park-Ohio Holdings Corp is a company, engaged in industrial supply chain logistics and diversified manufacturing business. It operates in three business segments namely Supply Technologies, Assembly Components and Engineered Products. Geographically, the business of the group is amplifying across the region of the United States, Asia, Europe, Canada, Mexico and others. The company derives most of the revenue from the Supply Technologies segment which provides the customer with total supply management services such as engineering and design support, supplier selection, quality assurance, barcoding, product packaging and tracking, just-in-time and point-of-use delivery and electronic billing services for a range of production components.

Executives

James W Wert	director
Patrick W Fogarty	officer: Director Corporate Development
Robert D Vilsack	officer: Secretary & General Counsel
Moore Dan T Iii	director
Hanna Howard W Iv	director	6065 PARKLAND BLVD., CLEVELAND OH 44124
Matthew V Crawford	director, 10 percent owner, officer: President & COO
Edward F Crawford	director, 10 percent owner, officer: CEO, COB
Patrick V Auletta	director	23000 EUCLID AVE, EUCLID OH 44117
Steven H Rosen	director	6065 PARKLAND BOULEVARD, MAYFIELD HEIGHTS OH 44124
John D Grampa	director	MATERION CORPORATION, 6070 PARKLAND BLVD., MAYFIELD HEIGHTS OH 44124
Ronna Romney	director
Mixon Aaron Malachi Iii	director	800 SUPERIOR AVENUE, SUITE 1800, CLEVELAND OH 44107
W Scott Emerick	officer: VP & CFO	29400 LAKELAND BOULEVARD, WICKLIFFE OH 44092
Kevin R Greene	director
Jeffrey L Rutherford	officer: Vice President & CFO	15885 SPRAGUE RD, STRONGSVILLE OH 44136-1799