Installed Building Products (Installed Building Products) Debt-to-EBITDA : 1.84 (As of Dec. 2023)

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What is Installed Building Products Debt-to-EBITDA?

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

Installed Building Products's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $63 Mil. Installed Building Products's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $892 Mil. Installed Building Products's annualized EBITDA for the quarter that ended in Dec. 2023 was $518 Mil. Installed Building Products's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 1.84.

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 Installed Building Products's Debt-to-EBITDA or its related term are showing as below:

IBP' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.32 Med: 2.29 Max: 3.22
Current: 1.93

During the past 13 years, the highest Debt-to-EBITDA Ratio of Installed Building Products was 3.22. The lowest was 1.32. And the median was 2.29.

IBP's Debt-to-EBITDA is ranked better than
60.92% of 87 companies
in the Homebuilding & Construction industry
Industry Median: 2.69 vs IBP: 1.93

Installed Building Products Debt-to-EBITDA Historical Data

The historical data trend for Installed Building Products'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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Installed Building Products Debt-to-EBITDA Chart

Installed Building Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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3.11

2.50

3.22

2.05

1.93

Installed Building Products 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	Get a 7-Day Free Trial															1.80	2.18	1.92	1.78	1.84

Competitive Comparison of Installed Building Products's Debt-to-EBITDA

For the Residential Construction subindustry, Installed Building Products'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.

Installed Building Products's Debt-to-EBITDA Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Installed Building Products's Debt-to-EBITDA distribution charts can be found below:

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

Installed Building Products Debt-to-EBITDA Calculation

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

Installed Building Products'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
	=	(63.2	+	891.6)	/	495.8
	=	1.93

Installed Building Products'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
	=	(63.2	+	891.6)	/	518.396
	=	1.84

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.

Installed Building Products (NYSE:IBP) 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.

Installed Building Products Debt-to-EBITDA Related Terms

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

Installed Building Products (Installed Building Products) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Installed Building Products Inc (NYSE:IBP) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

2IL:Germany

Address

495 South High Street, Suite 50, Columbus, OH, USA, 43215

Website

https://www.installedbuildingproducts.com

Installed Building Products Inc is an insulation installer serving the residential new construction market and are also a diversified installer of complementary building products, including waterproofing, fire-stopping and fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving, mirrors and other products throughout the United States. The company installs fiberglass insulation, spray foam insulation, and cellulose insulation. The company has three operating segments consisting of Installation, Manufacturing and Distribution operations. Majority of revenue is generated from Installation segment.

Executives

Michael Thomas Miller	director, officer: See Remarks	C/O INSTALLED BUILDING PRODUCTS, INC., 495 SOUTH HIGH STREET, SUITE 50, COLUMBUS OH 43215
William Jeffrey Hire	officer: President of External Affairs	C/O INSTALLED BUILDING PRODUCTS, INC., 495 S. HIGH STREET, SUITE 50, COLUMBUS OH 43215
Todd R Fry	officer: Chief Accounting Officer	CHAMPION INDUSTRIES, P O BOX 2968, HUNTINGTON WV 25728-2968
Jeffrey W. Edwards	director, 10 percent owner, officer: President, CEO & Chairman	C/O INSTALLED BUILDING PRODUCTS, INC., 495 SOUTH HIGH STREET, SUITE 50, COLUMBUS OH 43215
Marchelle E Moore	director	C/O INSTALLED BUILDING PRODUCTS, INC., 495 S. HIGH STREET, SUITE 50, COLUMBUS OH 43215
Janet E. Jackson	director	C/O INSTALLED BUILDING PRODUCTS, INC., 495 SOUTH HIGH STREET, SUITE 50, COLUMBUS OH 43215
Margot Lebenberg Carter	director	C/O INSTALLED BUILDING PRODUCTS, INC., 495 S. HIGH STREET, SUITE 50, COLUMBUS OH 43215
Jay P. Elliott	officer: Chief Operating Offier	C/O INSTALLED BUILDING PRODUCTS, INC., 495 SOUTH HIGH STREET, SUITE 50, COLUMBUS OH 43215
Michael H Thomas	director	100 E CAMPUS VIEW BLVD STE 170, C/O TEAM AMERICA, COLUMBUS OH 43235
Lawrence A. Hilsheimer	director	425 WINTER ROAD, DELAWARE OH 43015
Jason R Niswonger	officer: SVP, Finance & IR	C/O INSTALLED BUILDING PRODUCTS, INC., 495 S. HIGH STREET, SUITE 50, COLUMBUS OH 43215
Vikas Verma	director	C/O INSTALLED BUILDING PRODUCTS, INC., 495 S. HIGH STREET, SUITE 50, COLUMBUS OH 43215
David R Meuse	director	191 WEST NATIONWIDE BLVD, COLUMBUS OH 43215
J Michael Nixon	director, 10 percent owner	C/O INSTALLED BUILDING PRODUCTS, INC., 495 SOUTH HIGH STREET, SUITE 50, COLUMBUS OH 43215
Installed Building Systems, Inc.	director, 10 percent owner, other: Director by Deputization	495 SOUTH HIGH STREET, SUITE 50, COLUMBUS OH 43215