Montana Aerospace AG (XSWX:AERO) Debt-to-EBITDA : 4.61 (As of Dec. 2023)

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What is Montana Aerospace AG Debt-to-EBITDA?

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

Montana Aerospace AG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was CHF78 Mil. Montana Aerospace AG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was CHF244 Mil. Montana Aerospace AG's annualized EBITDA for the quarter that ended in Dec. 2023 was CHF70 Mil. Montana Aerospace AG's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 4.61.

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 Montana Aerospace AG's Debt-to-EBITDA or its related term are showing as below:

XSWX:AERO' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.16 Med: 4.8 Max: 11.89
Current: 3.35

During the past 6 years, the highest Debt-to-EBITDA Ratio of Montana Aerospace AG was 11.89. The lowest was 3.16. And the median was 4.80.

XSWX:AERO's Debt-to-EBITDA is ranked worse than
62.28% of 228 companies
in the Aerospace & Defense industry
Industry Median: 2.315 vs XSWX:AERO: 3.35

Montana Aerospace AG Debt-to-EBITDA Historical Data

The historical data trend for Montana Aerospace AG'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.

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Montana Aerospace AG Debt-to-EBITDA Chart

Montana Aerospace AG Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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4.42

10.09

11.89

5.19

3.44

Montana Aerospace AG Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial												2.41	7.49	4.73	4.47	4.61

Competitive Comparison of Montana Aerospace AG's Debt-to-EBITDA

For the Aerospace & Defense subindustry, Montana Aerospace AG'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.

Montana Aerospace AG's Debt-to-EBITDA Distribution in the Aerospace & Defense Industry

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

* The bar in red indicates where Montana Aerospace AG's Debt-to-EBITDA falls into.

Montana Aerospace AG Debt-to-EBITDA Calculation

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

Montana Aerospace AG'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
	=	(77.592	+	244.189)	/	93.503
	=	3.44

Montana Aerospace AG's annualized Debt-to-EBITDA for the quarter 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
	=	(77.592	+	244.189)	/	69.82
	=	4.61

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 (Dec. 2023) EBITDA data.

Montana Aerospace AG (XSWX:AERO) 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.

Montana Aerospace AG Debt-to-EBITDA Related Terms

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

Montana Aerospace AG (XSWX:AERO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Montana Aerospace AG (XSWX:AERO) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

AEROz:UK

Address

Alte Aarauerstrasse 11, Reinach, CHE, 5734

Website

https://www.montana-aerospace.com

Montana Aerospace AG is a vertically integrated manufacturer and supplier of complex components, structures and customized assemblies as well as semi-finished products for specialized applications in a wide array of end-markets. The company has three business segments namely aerostructures, e-mobility and energy. It has its geographic presence in Germany, USA, UK, Poland, Russia and Others.