NYSE Euronext, (XPAR:NYX) Debt-to-EBITDA : 2.62 (As of Sep. 2013)

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What is NYSE Euronext, Debt-to-EBITDA?

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

NYSE Euronext,'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2013 was €159 Mil. NYSE Euronext,'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2013 was €1,562 Mil. NYSE Euronext,'s annualized EBITDA for the quarter that ended in Sep. 2013 was €658 Mil. NYSE Euronext,'s annualized Debt-to-EBITDA for the quarter that ended in Sep. 2013 was 2.61.

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 NYSE Euronext,'s Debt-to-EBITDA or its related term are showing as below:

XPAR:NYX' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0 Med: 0 Max: 2.73
Current: 2.73

During the past 11 years, the highest Debt-to-EBITDA Ratio of NYSE Euronext, was 2.73. The lowest was 0.00. And the median was 0.00.

XPAR:NYX's Debt-to-EBITDA is not ranked
in the Capital Markets industry.
Industry Median: 1.5 vs XPAR:NYX: 2.73

NYSE Euronext, Debt-to-EBITDA Historical Data

The historical data trend for NYSE Euronext,'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.

NYSE Euronext, Debt-to-EBITDA Chart

NYSE Euronext, Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Debt-to-EBITDA

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-7.39

5.49

2.53

1.99

3.24

NYSE Euronext, Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
Debt-to-EBITDA	Get a 7-Day Free Trial															3.22	4.58	2.59	2.25	2.62

Competitive Comparison of NYSE Euronext,'s Debt-to-EBITDA

For the Financial Data & Stock Exchanges subindustry, NYSE Euronext,'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.

NYSE Euronext,'s Debt-to-EBITDA Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, NYSE Euronext,'s Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where NYSE Euronext,'s Debt-to-EBITDA falls into.

NYSE Euronext, Debt-to-EBITDA Calculation

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

NYSE Euronext,'s Debt-to-EBITDA for the fiscal year that ended in Dec. 2012 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(345.948	+	1565.91)	/	589.788
	=	3.24

NYSE Euronext,'s annualized Debt-to-EBITDA for the quarter that ended in Sep. 2013 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(159.324	+	1561.824)	/	658.24
	=	2.61

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 (Sep. 2013) EBITDA data.

NYSE Euronext, (XPAR:NYX) 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.

NYSE Euronext, Debt-to-EBITDA Related Terms

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

NYSE Euronext, (XPAR:NYX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » NYSE Euronext, Inc. (XPAR:NYX) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.nyse.com

NYSE Euronext, Inc., a Delaware corporation, was organized on May 22, 2006 in anticipation of the combination of the businesses of NYSE Group, Inc., a Delaware corporation, and Euronext N.V., a company organized under the laws of the Netherlands. The Company is a global operator of financial markets and provider of trading solutions. The Company offers an array of products and services in cash equities, futures, options, swaps, exchange-traded products, bonds, clearing operations, market data, commercial technology solutions and carbon trading, all designed to meet the evolving needs of investors, issuers, financial institutions and market participants. The Company consists of three business segments: Derivatives; Cash Trading and Listings; and Information Services and Technology Solutions. Derivatives segment is comprised of derivatives trading and clearing businesses and includes its subsidiaries NYSE Liffe, NYSE Liffe Clearing, NYSE Liffe US, NYSE Amex Options, NYSE Arca Options and joint venture NYPC as well as its related derivatives market data business. Cash Trading and Listings segment consists of cash trading and listings businesses and includes its subsidiaries the NYSE, Euronext, NYSE Amex, NYSE Arca, NYSE Alternext, NYSE Arca Europe and SmartPool, as well as NYSE Blue and Interbolsa, and its related cash trading market data business. Information Services and Technology Solutions segment refers to its commercial technology transactions, data and infrastructure businesses. The Company operates a commercial technology business, NYSE Technologies Inc., and also owns NYFIX, Inc., a provider of solutions that aims to optimize trading efficiency. NYSE Technologies provides comprehensive transaction, data and infrastructure services and managed solutions for buy-side, sell-side and exchange communities. NYSE Technologies' integrated solutions power the trading operations of global financial institutions and exchanges, including non-NYSE Euronext markets in addition to all the exchanges in the NYSE Euronext group. NYSE Technologies operates five businesses: Global Market Data, which offers an array of global market information products covering multiple asset classes; Trading Solutions, which creates and implements high performance, end-to-end messaging software and real-time market data distribution and integration products; Exchange Solutions, which provides multi-asset exchange platform services, managed services and expert consultancy; Global Connectivity, which offers a financial transaction network connecting firms and exchanges worldwide; and Transaction Services, which mainly comprises the former NYFIX FIX business, and which incorporates the NYFIX Marketplace and FIX Software businesses. NYSE Liffe US, NYSE Arca and NYSE Amex face considerable competition in derivatives trading. Their main U.S. competitors are the CME Group Inc., Chicago Board Options Exchange, Inc., the International Securities Exchange Holdings, Inc

NYSE Euronext, (XPAR:NYX) Headlines

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