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Atkore (Atkore) Debt-to-EBITDA

: 1.08 (As of Dec. 2023)
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Debt-to-EBITDA measures a company's ability to pay off its debt.

Atkore's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $18 Mil. Atkore's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $892 Mil. Atkore's annualized EBITDA for the quarter that ended in Dec. 2023 was $842 Mil. Atkore's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 1.08.

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

ATKR' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -176.48   Med: 2.65   Max: 6.77
Current: 0.94

During the past 11 years, the highest Debt-to-EBITDA Ratio of Atkore was 6.77. The lowest was -176.48. And the median was 2.65.

ATKR's Debt-to-EBITDA is ranked better than
64.48% of 2303 companies
in the Industrial Products industry
Industry Median: 1.71 vs ATKR: 0.94

Atkore Debt-to-EBITDA Historical Data

The historical data trend for Atkore'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.

Atkore Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Debt-to-EBITDA
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.75 2.55 0.88 0.63 0.87

Atkore Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-EBITDA Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.80 0.80 0.81 0.98 1.08

Competitive Comparison

For the Electrical Equipment & Parts subindustry, Atkore'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.


Atkore Debt-to-EBITDA Distribution

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

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



Atkore Debt-to-EBITDA Calculation

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

Atkore's Debt-to-EBITDA for the fiscal year that ended in Sep. 2023 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(16.23 + 868.204) / 1021.367
=0.87

Atkore'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
=(17.883 + 892.275) / 842.424
=1.08

* 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.

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.


Atkore  (NYSE:ATKR) 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.


Atkore Debt-to-EBITDA Related Terms

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


Atkore (Atkore) Business Description

Traded in Other Exchanges
Address
16100 South Lathrop Avenue, Harvey, IL, USA, 60426
Atkore Inc is a diversified industrials company and a manufacturer of electrical, mechanical, and safety infrastructure solutions. Atkore has two business segments: electrical and safety and infrastructure. Net sales are highest in the electrical business line as well as in the United States. The key product categories in the electrical segment are PVC conduit, steel conduit, and PVC-coated conduit, which are staples for electrical distributors. The key product categories in the safety and infrastructure segment include in-line galvanized mechanical tube, metal framing and related fittings, and security bollards. Also, the company provides ancillary services to customers in the form of slitting and cutting structural steel sheets.
Executives
Waltz William E Jr. officer: President, Conduit & Fittings 16100 SOUTH LATHROP AVENUE, HARVEY IL 60426
Mark F. Lamps officer: Pres. Mech. Prods. & Solutions 16100 S. LATHROP AVENUE, HARVEY IL 60426
Leangela W. Lowe officer: VP, Global Human Resources 16100 S. LATHROP AVENUE, HARVEY IL 60426
Scott H Muse director C/O RICHARD W DAVIES HUBBELL INC, 684 DERBY MILFORD RD, ORANGE CT 06477
A Mark Zeffiro director 2600 W. BIG BEAVER ROAD, SUITE 555, TROY MI 48084
David Paul Johnson officer: Vice President and CFO 16100 SOUTH LATHROP AVENUE, HARVEY IL 60426
Justin A Kershaw director 16100 SOUTH LATHROP AVENUE, HARVEY IL 60426
James Wilbert W Jr director 16100 SOUTH LATHROP AVENUE, HARVEY IL 60426
Daniel S Kelly officer: VP, General Counsel and Sec. 16100 SOUTH LATHROP AVENUE, HARVEY IL 60426
Barbara Joanne Edwards director 11 KEEWAYDIN DRIVE, SUITE 300, SALEM NH 03079
John W Pregenzer officer: President, Electrical 16100 S LATHROP AVENUE, HARVEY IL 60426
William Vanarsdale director 16100 SOUTH LATHROP AVENUE, HARVEY IL 60426
Peter J Lariviere officer: President, Cable Solutions 16100 SOUTH LATHROP AVENUE, HARVEY IL 60426
Michael J Schulte officer: Pres, Mech. Prods. & Solutions 16100 SOUTH LATHROP AVENUE, HARVEY IL 60426
John Patrick Williamson officer: President and CEO 16100 SOUTH LATHROP AVENUE, HARVEY IL 60426