GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Spirit AeroSystems Holdings Inc (NYSE:SPR) » Definitions » Debt-to-EBITDA

Spirit AeroSystems Holdings (Spirit AeroSystems Holdings) Debt-to-EBITDA : 3.82 (As of Dec. 2023)


View and export this data going back to 2006. Start your Free Trial

What is Spirit AeroSystems Holdings Debt-to-EBITDA?

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

Spirit AeroSystems Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $74 Mil. Spirit AeroSystems Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4,103 Mil. Spirit AeroSystems Holdings's annualized EBITDA for the quarter that ended in Dec. 2023 was $1,093 Mil. Spirit AeroSystems Holdings's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 3.82.

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 Spirit AeroSystems Holdings's Debt-to-EBITDA or its related term are showing as below:

SPR' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -6.44   Med: 1.98   Max: 258.61
Current: 101.88

During the past 13 years, the highest Debt-to-EBITDA Ratio of Spirit AeroSystems Holdings was 258.61. The lowest was -6.44. And the median was 1.98.

SPR's Debt-to-EBITDA is ranked worse than
98.28% of 233 companies
in the Aerospace & Defense industry
Industry Median: 2.41 vs SPR: 101.88

Spirit AeroSystems Holdings Debt-to-EBITDA Historical Data

The historical data trend for Spirit AeroSystems Holdings'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.

Spirit AeroSystems Holdings Debt-to-EBITDA Chart

Spirit AeroSystems Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.06 -6.44 258.61 94.79 101.88

Spirit AeroSystems Holdings 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 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 -9.99 -7.47 -18.87 -21.02 3.82

Competitive Comparison of Spirit AeroSystems Holdings's Debt-to-EBITDA

For the Aerospace & Defense subindustry, Spirit AeroSystems Holdings'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.


Spirit AeroSystems Holdings's Debt-to-EBITDA Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Spirit AeroSystems Holdings's Debt-to-EBITDA distribution charts can be found below:

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



Spirit AeroSystems Holdings Debt-to-EBITDA Calculation

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

Spirit AeroSystems Holdings'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
=(73.9 + 4103) / 41
=101.88

Spirit AeroSystems Holdings'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
=(73.9 + 4103) / 1093.2
=3.82

* 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 (Dec. 2023) EBITDA data.


Spirit AeroSystems Holdings  (NYSE:SPR) 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.


Spirit AeroSystems Holdings Debt-to-EBITDA Related Terms

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


Spirit AeroSystems Holdings (Spirit AeroSystems Holdings) Business Description

Traded in Other Exchanges
Address
3801 South Oliver Street, Wichita, KS, USA, 67210
Spirit AeroSystems manufactures aerostructures, particularly fuselages, cockpits, wing sections, engine pylons, and nacelles for commercial and military aircraft. The company was spun out of Boeing in 2005, and the firm is the largest independent supplier of aerostructures for commercial aircraft. Boeing and Airbus are the firm's primary customers—Boeing represented roughly 60% and Airbus roughly 20% of revenue in recent years. The company is highly exposed to Boeing's 737 program, which accounts for nearly half the company's revenue.
Executives
Alan W Young officer: SVP Fab & Procurement Officer 3801 S. OLIVER, MC K11-60, WICHITA KS 67210
Sean Black officer: SVP, Engineering 3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Mindy Mcpheeters officer: SVP, GC/Corp Sec 3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Justin Welner officer: SVP, CAO & CCO 3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Mark Miklos officer: SVP, Defense & Space 3801 S. OLIVER, MC K11-60, WICHITA KS 67210
Kailash Krishnaswamy officer: SVP, Aftermarket 3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Robert D Johnson director HONEYWELL, 1944 E SKY HARBOR CIRCLE, PHOENIX AZ 85034
Ray James R Jr director COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Fitzgerald William Augustus Iii director 3801 S OLIVER, MC K11-60, WICHITA KS 67210
Patrick M Shanahan director C/O RESILIENCE CAPITAL PARTNERS LLC, 25101 CHAGRIN BLVD 350, BEACHWOOD OH 44122
Terry J George officer: SVP, Boeing 737 Program 3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Damon Christopher Ward officer: Interim Corporate Controller 3801 S OLIVER ST, MAIL CODE K11-60, WICHITA KS 67210
Stephen Anthony Cambone director 3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Mcmullen Victor Rodney Jr officer: SVP, Wichita & Oklahoma Ops 3801 S OLIVER ST, MAIL CODE K11-60, WICHITA KS 67210
Scott Mclarty officer: SVP, Airbus Programs 3801 S OLIVER ST, MAIL CODE K11-60, WICHITA KS 67210