Crane NXT Co (Crane NXT Co) Debt-to-EBITDA : 2.26 (As of Mar. 2024)

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What is Crane NXT Co Debt-to-EBITDA?

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

Crane NXT Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $38 Mil. Crane NXT Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $640 Mil. Crane NXT Co's annualized EBITDA for the quarter that ended in Mar. 2024 was $300 Mil. Crane NXT Co's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 2.26.

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 Crane NXT Co's Debt-to-EBITDA or its related term are showing as below:

CXT' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.89 Med: 2.44 Max: 3.26
Current: 1.9

During the past 5 years, the highest Debt-to-EBITDA Ratio of Crane NXT Co was 3.26. The lowest was 1.89. And the median was 2.44.

CXT's Debt-to-EBITDA is ranked worse than
52.84% of 2290 companies
in the Industrial Products industry
Industry Median: 1.72 vs CXT: 1.90

Crane NXT Co Debt-to-EBITDA Historical Data

The historical data trend for Crane NXT Co'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.

Crane NXT Co Debt-to-EBITDA Chart

Crane NXT Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

3.26

2.58

2.30

1.89

Crane NXT Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-EBITDA	Get a 7-Day Free Trial								3.44	2.36	1.78	1.91	2.26

Competitive Comparison of Crane NXT Co's Debt-to-EBITDA

For the Specialty Industrial Machinery subindustry, Crane NXT Co'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.

Crane NXT Co's Debt-to-EBITDA Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Crane NXT Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Crane NXT Co's Debt-to-EBITDA falls into.

Crane NXT Co Debt-to-EBITDA Calculation

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

Crane NXT Co'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
	=	(11.8	+	682.9)	/	368
	=	1.89

Crane NXT Co'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
	=	(38.1	+	639.6)	/	300.4
	=	2.26

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.

Crane NXT Co (NYSE:CXT) 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.

Crane NXT Co Debt-to-EBITDA Related Terms

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

Crane NXT Co (Crane NXT Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Crane NXT Co (NYSE:CXT) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 First Stamford Place, Stamford, CT, USA, 06902

Website

https://www.cranenxt.com

Crane NXT Co is a premier industrial technology company that provides proprietary and trusted technology solutions to secure, detect, and authenticate what matters most to its customers. It is a pioneer in advanced, proprietary micro-optics technology for securing physical products, and its sophisticated electronic equipment and associated software leverages proprietary core capabilities with detection and sensing technologies.

Executives

Kurt F. Gallo	officer: Sr. VP, Payment & Merch. Tech.	100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Max H Mitchell	officer: VICE PRESIDENT - OP EX	CRANE CO, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Cristen L Kogl	director	3 OVERLOOK POINT, LINCOLNSHIRE IL 60069
David D Petratis	director	1415 ROSELLE ROAD, PALATINE IL 60067
Marijane V. Papanikolaou	officer: V.P, Controller & CAO	100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Jennifer Kartono	officer: SVP, CHRO	950 WINTER STREET 4TH FLOOR, WALTHAM MA 02451
Bianca B. Shardelow	officer: VP, Controller & CAO	100 FIRST STAMFORD PLACE, STAMFORD CT 06902
William K Grogan	director	3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Sanjay Kapoor	director	C/O SPIRIT AEROSYSTEMS HOLDINGS, INC., 3801 SOUTH OLIVER STREET, WICHITA KS 67210
Paul Gerard Igoe	officer: SVP, General Counsel & Sec.	LYDALL, INC., ONE COLONIAL ROAD, MANCHESTER CT 06042
Crane Holdings, Co.	10 percent owner	CRANE NXT, CO., 950 WINTER STREET, 4TH FLOOR, WALTHAM MA 02451
Aaron W Saak	officer: CEO, Crane NXT	C/O VONTIER CORPORATION, 5438 WADE PARK BLVD., SUITE 600, RALEIGH NC 27607
Scott A. Grisham	officer: SVP Bus. Dev. & Strategy	100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Tamara S. Polmanteer	officer: Senior Vice President, CHRO	100 FIRST STAMFORD PLACE, STAMFORD CT 06902
John S Stroup	director	1 N. BRENTWOOD BLVD., SUITE 1500, ST. LOUIS MO 63105