Measurement Specialties (FRA:MEG) Debt-to-EBITDA : 5.22 (As of Jun. 2014)

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What is Measurement Specialties Debt-to-EBITDA?

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

Measurement Specialties's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2014 was €7.6 Mil. Measurement Specialties's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2014 was €157.7 Mil. Measurement Specialties's annualized EBITDA for the quarter that ended in Jun. 2014 was €31.6 Mil. Measurement Specialties's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2014 was 5.22.

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

FRA:MEG' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0 Med: 0 Max: 3.56
Current: 3.56

During the past 13 years, the highest Debt-to-EBITDA Ratio of Measurement Specialties was 3.56. The lowest was 0.00. And the median was 0.00.

FRA:MEG's Debt-to-EBITDA is not ranked
in the Hardware industry.
Industry Median: 1.8 vs FRA:MEG: 3.56

Measurement Specialties Debt-to-EBITDA Historical Data

The historical data trend for Measurement Specialties'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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Measurement Specialties Debt-to-EBITDA Chart

Measurement Specialties Annual Data

Trend

Mar05

Mar06

Mar07

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Debt-to-EBITDA

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3.00

1.37

1.94

1.68

1.78

Measurement Specialties Quarterly Data
	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14
Debt-to-EBITDA	Get a 7-Day Free Trial															2.03	1.86	1.87	1.87	5.22

Competitive Comparison of Measurement Specialties's Debt-to-EBITDA

For the Scientific & Technical Instruments subindustry, Measurement Specialties'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.

Measurement Specialties's Debt-to-EBITDA Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Measurement Specialties's Debt-to-EBITDA distribution charts can be found below:

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

Measurement Specialties Debt-to-EBITDA Calculation

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

Measurement Specialties's Debt-to-EBITDA for the fiscal year that ended in Mar. 2014 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.273	+	90.574)	/	50.946
	=	1.78

Measurement Specialties's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2014 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(7.579	+	157.683)	/	31.644
	=	5.22

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. 2014) EBITDA data.

Measurement Specialties (FRA:MEG) 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.

Measurement Specialties Debt-to-EBITDA Related Terms

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

Measurement Specialties (FRA:MEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Measurement Specialties Inc (FRA:MEG) » Definitions » Debt-to-EBITDA

Traded in Other Exchanges

N/A

Address

Website

http://www.meas-spec.com

Measurement Specialties, Inc. is a New Jersey corporation organized in 1981. The Company is engaged in the design, development and manufacture of sensors and sensor-based systems for original equipment manufacturers (OEM) and end users, based on a broad portfolio of proprietary technology and typically characterized by the MEAS brand name. The Company is a multi-national corporation with fifteen main manufacturing facilities strategically located in the United States, China and Europe, enabling the Company to produce and market an array of sensors that use advanced technologies to measure precise ranges of physical characteristics. These sensors are used for engine and vehicle, medical, general industrial, consumer and home appliance, military/aerospace, and test and measurement applications. The Company's products include sensors for measuring pressure, linear/rotary position, force, torque, piezoelectric polymer film sensors, custom microstructures, load cells, vibrations and acceleration, optical absorption, humidity, gas concentration, gas flow rate, temperature, fluid properties and fluid level. The Company's advanced technologies include piezoresistive silicon, polymer and ceramic piezoelectric materials, application specific integrated circuits, micro-electromechanical systems ('MEMS'), foil strain gauges, electromagnetic force balance systems, fluid capacitive devices, linear and rotational variable differential transformers, anisotropic magneto-resistive devices, electromagnetic displacement sensors, hygroscopic capacitive structures, ultrasonic measurement systems, optical measurement systems, negative thermal coefficient ('NTC') ceramic sensors, 3-6 DOF (degree of freedom) force/torque structures, complex mechanical resonators, magnetic reed switches, high frequency multipoint scanning algorithms, and high precision submersible hydrostatic level detection. The Company's competitors include small independent companies and divisions of large corporations such as Danaher, General Electric, Schneider-Electric and Honeywell.