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API Technologies (API Technologies) Debt-to-EBITDA : 10.50 (As of Feb. 2016)


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What is API Technologies Debt-to-EBITDA?

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

API Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2016 was $27.2 Mil. API Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2016 was $170.6 Mil. API Technologies's annualized EBITDA for the quarter that ended in Feb. 2016 was $18.8 Mil. API Technologies's annualized Debt-to-EBITDA for the quarter that ended in Feb. 2016 was 10.50.

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

ATNY's Debt-to-EBITDA is not ranked *
in the Semiconductors industry.
Industry Median: 1.6
* Ranked among companies with meaningful Debt-to-EBITDA only.

API Technologies Debt-to-EBITDA Historical Data

The historical data trend for API Technologies'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.

API Technologies Debt-to-EBITDA Chart

API Technologies Annual Data
Trend Jan06 May07 May08 May09 May10 May11 Nov12 Nov13 Nov14 Nov15
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.29 -1.74 6.71 6.24 12.76

API Technologies Quarterly Data
May11 Aug11 Nov11 Feb12 May12 Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16
Debt-to-EBITDA Get a 7-Day Free Trial 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 6.86 18.47 6.89 25.67 10.50

Competitive Comparison of API Technologies's Debt-to-EBITDA

For the Semiconductors subindustry, API Technologies'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.


API Technologies's Debt-to-EBITDA Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, API Technologies's Debt-to-EBITDA distribution charts can be found below:

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



API Technologies Debt-to-EBITDA Calculation

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

API Technologies's Debt-to-EBITDA for the fiscal year that ended in Nov. 2015 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(21.816 + 175.73) / 15.484
=12.76

API Technologies's annualized Debt-to-EBITDA for the quarter that ended in Feb. 2016 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(27.2 + 170.554) / 18.84
=10.50

* 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 (Feb. 2016) EBITDA data.


API Technologies  (NAS:ATNY) 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.


API Technologies Debt-to-EBITDA Related Terms

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


API Technologies (API Technologies) Business Description

Traded in Other Exchanges
N/A
Address
API Technologies Corp was incorporated on February 2, 1999 under the laws of the State of Delaware under the name Rubicon Ventures Inc. On November 6, 2006, API changed its name to "API Nanotronics Corp," and subsequently changed its name to API Technologies Corp. on October 22, 2009. The Company through its three business segments-Systems, Subsystems & Components, Electronic Manufacturing Services and Secure Systems & Information Assurance. It designs, develops and manufactures systems, subsystems, RF and secure solutions, as well as provides electronics manufacturing and high-quality engineering services for technically demanding, high-reliability applications. Solutions areas include systems, subsystems and components which includes RF/microwave and microelectronics products, electromagnetics, power and systems solutions products, and sensors, Secure Systems and Information Assurance includes TEMPEST and emanation security, rugged communications products, encryption, and secure networking products and Electronics Manufacturing Services, which involves the production of circuit card assemblies, electromechanical assemblies, and box builds used in defense, industrial and commercial applications. The Company also operates several manufacturing facilities throughout North America, the United Kingdom, Mexico and China. Its customer base spans defense, aerospace, industrial, communications, medical, and government agencies, including the governments of the United States, Canada, the United Kingdom, & other countries. The Company is subject to federal contracting laws and regulations, including the U.S. Federal Acquisition Regulation (FAR) and the False Claims Act.
Executives
Robert Tavares director, officer: President and CEO 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Eric F. Seeton officer: Chief Financial Officer 103 HILL STREET, SHREWSBURY MA 01545
Melvin L Keating director 18 DRIFTWOOD DRIVE, LIVINGSTON NJ 07039
Steel Excel Inc. 10 percent owner 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Steel Partners Holdings L.p. 10 percent owner 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Sph Group Holdings Llc 10 percent owner C/O STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Sph Group Llc 10 percent owner C/O STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Steel Partners Holdings Gp Inc. 10 percent owner 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Kenneth J Krieg director 7111 XAVIER COURT, MCLEAN VA 22101
Matthew E Avril director C/O STARWOOD HOTELS & RESORTS WORLDWIDE, 1111 WESTCHESTER AVE, WHITE PLAINS NY 10604
Claudio A Mannarino officer: Sr VP & CFO 229 COLONNADE ROAD, NEPEAN A6 K2E 7K3
Senator Investment Group Lp 10 percent owner 510 MADISON AVENUE, 28TH FLOOR, NEW YORK NY 10022
Douglas Silverman 10 percent owner C/O SENATOR INVESTMENT GROUP LP 510 MADISON AVENUE, 28TH FLOOR NEW YORK NY 10022
Bel Lazar officer: President & CEO 4705 S. APOPKA VINELAND ROAD, SUITE 201, ORLANDO FL 32819
Jason Dezwirek other: Former Dir, Sec & 10% owner 2300 YONGE STREET, SUITE 1710, TORONTO A6 M4P 1E4

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