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Progressive Waste Solutions (TSX:BIN) Debt-to-EBITDA : 5.48 (As of Mar. 2016)


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What is Progressive Waste Solutions Debt-to-EBITDA?

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

Progressive Waste Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2016 was C$1 Mil. Progressive Waste Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2016 was C$2,094 Mil. Progressive Waste Solutions's annualized EBITDA for the quarter that ended in Mar. 2016 was C$383 Mil. Progressive Waste Solutions's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2016 was 5.48.

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 Progressive Waste Solutions's Debt-to-EBITDA or its related term are showing as below:

TSX:BIN's Debt-to-EBITDA is not ranked *
in the Waste Management industry.
Industry Median: 3.495
* Ranked among companies with meaningful Debt-to-EBITDA only.

Progressive Waste Solutions Debt-to-EBITDA Historical Data

The historical data trend for Progressive Waste Solutions'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.

Progressive Waste Solutions Debt-to-EBITDA Chart

Progressive Waste Solutions Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.60 3.42 2.90 3.07 3.28

Progressive Waste Solutions Quarterly Data
Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16
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 3.61 3.11 3.43 2.91 5.48

Competitive Comparison of Progressive Waste Solutions's Debt-to-EBITDA

For the Waste Management subindustry, Progressive Waste Solutions'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.


Progressive Waste Solutions's Debt-to-EBITDA Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Progressive Waste Solutions's Debt-to-EBITDA distribution charts can be found below:

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



Progressive Waste Solutions Debt-to-EBITDA Calculation

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

Progressive Waste Solutions's Debt-to-EBITDA for the fiscal year that ended in Dec. 2015 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0.677 + 2125.825) / 647.824
=3.28

Progressive Waste Solutions's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2016 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0.692 + 2093.927) / 382.568
=5.48

* 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 (Mar. 2016) EBITDA data.


Progressive Waste Solutions  (TSX:BIN) 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.


Progressive Waste Solutions Debt-to-EBITDA Related Terms

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


Progressive Waste Solutions (TSX:BIN) Business Description

Traded in Other Exchanges
N/A
Address
Progressive Waste Solutions Ltd was incorporated on May 20, 2009 under the provisions of the Business Corporations Act (Ontario). The Company provides vertically integrated non-hazardous solid waste services to commercial, industrial, municipal and residential customers in Canada and the U.S. The Company carries on business through three geographic segments: Canada, the U.S. South and the U.S. Northeast. The business segments are vertically integrated and their operations include the collection and disposal of waste and recyclable materials, transfer station operations, material recovery facilities, landfills and landfill gas to energy facilities.

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