Kaydon (FRA:KYD) Debt-to-EBITDA : 1.87 (As of Jun. 2013)

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What is Kaydon Debt-to-EBITDA?

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

Kaydon's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2013 was €6.4 Mil. Kaydon's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2013 was €118.4 Mil. Kaydon's annualized EBITDA for the quarter that ended in Jun. 2013 was €66.9 Mil. Kaydon's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2013 was 1.87.

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

FRA:KYD' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0 Med: 0 Max: 4.86
Current: 4.86

During the past 13 years, the highest Debt-to-EBITDA Ratio of Kaydon was 4.86. The lowest was 0.00. And the median was 0.00.

FRA:KYD's Debt-to-EBITDA is not ranked
in the Industrial Products industry.
Industry Median: 1.72 vs FRA:KYD: 4.86

Kaydon Debt-to-EBITDA Historical Data

The historical data trend for Kaydon'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.

Kaydon Debt-to-EBITDA Chart

Kaydon Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Debt-to-EBITDA

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0.43

0.42

4.66

Kaydon Quarterly Data
	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13
Debt-to-EBITDA	Get a 7-Day Free Trial															2.11	-1.94	2.65	2.10	1.87

Competitive Comparison of Kaydon's Debt-to-EBITDA

For the Tools & Accessories subindustry, Kaydon'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.

Kaydon's Debt-to-EBITDA Distribution in the Industrial Products Industry

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

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

Kaydon Debt-to-EBITDA Calculation

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

Kaydon's Debt-to-EBITDA for the fiscal year that ended in Dec. 2012 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(7.859	+	126.539)	/	28.847
	=	4.66

Kaydon's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2013 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(6.396	+	118.438)	/	66.9
	=	1.87

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 (Jun. 2013) EBITDA data.

Kaydon (FRA:KYD) 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.

Kaydon Debt-to-EBITDA Related Terms

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

Kaydon (FRA:KYD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kaydon Corporation (FRA:KYD) » Definitions » Debt-to-EBITDA

Traded in Other Exchanges

N/A

Address

Website

http://www.kaydon.com

Kaydon Corporation was incorporated in 1983. The Company is a designer and manufacturer of custom engineered, performance-critical products supplying a broad and diverse customer base. The Company's main products now include bearings and components, filters and filter housings, custom rings, shaft seals, linear deceleration products, specialty balls, fuel cleansing systems, gas-phase air filtration systems and replacement media, industrial presses and metal alloy products. These products are used by customers in a variety of alternative energy, specialized robotics, medical, material handling, machine tool positioning, aerospace, defense, security, electronic and other industrial applications. The Company has two reportable segments and other operating segments engaged in the manufacture and sale of the following: Friction Control Products - complex components used in alternative energy, specialized robotics, medical, aerospace, defense, security, electronic, material handling, construction and other industrial applications. Products include anti-friction bearings, split roller bearings and specialty balls; Velocity Control Products - complex components used in specialized robotics, material handling, machine tool, medical, amusement and other industrial applications. Products include industrial shock absorbers, safety shock absorbers, velocity controls, gas springs and rotary dampers; and Other Industrial Products - complex and standard ring and seal products, filter elements and liquid and gas-phase filtration systems, metal alloys, machine tool components, presses, dies and benders used in a variety of applications. The Company sells its products in each segment through a sales organization consisting of salespersons and representatives located primarily throughout North America, Europe and Asia. The Company holds various patents, patent applications, licenses, trademarks and trade names. The Company's competitors include a number of other well-established manufacturers, as well as other smaller companies.

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