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Baltimore Gas & Electric Co (Baltimore Gas & Electric Co) Debt-to-EBITDA : 4.04 (As of Jun. 2016)


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What is Baltimore Gas & Electric Co Debt-to-EBITDA?

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

Baltimore Gas & Electric Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2016 was $588.00 Mil. Baltimore Gas & Electric Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2016 was $1,692.00 Mil. Baltimore Gas & Electric Co's annualized EBITDA for the quarter that ended in Jun. 2016 was $564.00 Mil. Baltimore Gas & Electric Co's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2016 was 4.04.

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 Baltimore Gas & Electric Co's Debt-to-EBITDA or its related term are showing as below:

BGLEP.PFD's Debt-to-EBITDA is not ranked *
in the Utilities - Regulated industry.
Industry Median: 3.81
* Ranked among companies with meaningful Debt-to-EBITDA only.

Baltimore Gas & Electric Co Debt-to-EBITDA Historical Data

The historical data trend for Baltimore Gas & Electric Co'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.

Baltimore Gas & Electric Co Debt-to-EBITDA Chart

Baltimore Gas & Electric Co Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Debt-to-EBITDA
Get a 7-Day Free Trial 3.84 5.38 2.95 2.78 2.46

Baltimore Gas & Electric Co Quarterly Data
Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16
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 3.18 2.87 2.37 2.02 4.04

Competitive Comparison of Baltimore Gas & Electric Co's Debt-to-EBITDA

For the Utilities - Regulated Electric subindustry, Baltimore Gas & Electric Co'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.


Baltimore Gas & Electric Co's Debt-to-EBITDA Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Baltimore Gas & Electric Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Baltimore Gas & Electric Co's Debt-to-EBITDA falls into.



Baltimore Gas & Electric Co Debt-to-EBITDA Calculation

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

Baltimore Gas & Electric Co'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
=(588 + 1732) / 942
=2.46

Baltimore Gas & Electric Co's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2016 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(588 + 1692) / 564
=4.04

* 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 (Jun. 2016) EBITDA data.


Baltimore Gas & Electric Co  (OTCPK:BGLEP.PFD) 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.


Baltimore Gas & Electric Co Debt-to-EBITDA Related Terms

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


Baltimore Gas & Electric Co (Baltimore Gas & Electric Co) Business Description

Traded in Other Exchanges
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Address
Website
Baltimore Gas and Electric Company is a Maryland Corporation. It is an electric transmission and distribution utility company and a gas distribution utility company with a service territory that covers the City of Baltimore and all or part of ten counties in central Maryland. It is regulated by the Maryland PSC and Federal Energy Regulatory Commission (FERC) with respect to rates and other aspects of its business. The Company's electric service territory includes an area of approximately 2,300 square miles. There are no municipal or cooperative wholesale customers within BGE's service territory. The Company's gas service territory includes an area of approximately 800 square miles. The Company's electric and gas revenues come from many customers -residential, commercial, and industrial.

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