Investment Technology Group (Investment Technology Group) Debt-to-EBITDA : 0.96 (As of Sep. 2018)

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What is Investment Technology Group Debt-to-EBITDA?

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

Investment Technology Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2018 was $52.3 Mil. Investment Technology Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2018 was $2.1 Mil. Investment Technology Group's annualized EBITDA for the quarter that ended in Sep. 2018 was $56.7 Mil. Investment Technology Group's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2018 was 0.96.

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 Investment Technology Group's Debt-to-EBITDA or its related term are showing as below:

ITG's Debt-to-EBITDA is not ranked ^*
in the Capital Markets industry.
Industry Median: 1.57
* Ranked among companies with meaningful Debt-to-EBITDA only.

Investment Technology Group Debt-to-EBITDA Historical Data

The historical data trend for Investment Technology Group'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.

Investment Technology Group Debt-to-EBITDA Chart

Investment Technology Group Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Debt-to-EBITDA

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1.05

0.82

0.57

31.41

1.95

Investment Technology Group Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Debt-to-EBITDA	Get a 7-Day Free Trial															2.67	2.26	1.22	1.68	0.96

Competitive Comparison of Investment Technology Group's Debt-to-EBITDA

For the Capital Markets subindustry, Investment Technology Group'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.

Investment Technology Group's Debt-to-EBITDA Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Investment Technology Group's Debt-to-EBITDA distribution charts can be found below:

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

Investment Technology Group Debt-to-EBITDA Calculation

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

Investment Technology Group's Debt-to-EBITDA for the fiscal year that ended in Dec. 2017 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(101.422	+	3.104)	/	53.703
	=	1.95

Investment Technology Group's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2018 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(52.272	+	2.148)	/	56.692
	=	0.96

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 (Sep. 2018) EBITDA data.

Investment Technology Group (NYSE:ITG) 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.

Investment Technology Group Debt-to-EBITDA Related Terms

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

Investment Technology Group (Investment Technology Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Investment Technology Group Inc (NYSE:ITG) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

165 Broadway, One Liberty Plaza, New York, NY, USA, 10006

Website

http://www.itg.com

Investment Technology Group Inc is a United States-based brokerage and financial technology company. The company provides a wide range of products and services, including electronic brokerage, research, sales and trading, and platforms and analytics. The company generates over half of its revenue from electronic brokerage, research, and sales and trading. The company has a global presence, with a network of offices in North America, Europe, and Asia-Pacific. Its business is categorized into four reporting segments: U.S. operations, Canadian operations, European operations, and Asia-Pacific operations. The U.S. is its largest market.

Executives

Lee Shavel	director	ONE LIBERTY PLAZA, NEW YORK NY 10006
Brian G. Cartwright	director	3760 KILROY AIRPORT WAY SUITE 300, LONG BEACH CA 90806
R Jarrett Lilien	director	250 WEST 34TH STREET, 3RD FLOOR, C/O WISDOMTREE, INC., NEW YORK NY 10119
Kevin J Lynch	director	201 POST STREET, SUITE 1000, SAN FRANCISCO CA 94108
T Kelley Millet	director	ITG INC., ONE LIBERTY PLAZA, 165 BROADWAY, NEW YORK NY 10006
Christopher V Dodds	director	ITG INC., ONE LIBERTY PLAZA, 165 BROADWAY, NEW YORK NY 10006
D. E. Shaw & Co, L.p.	10 percent owner, other: See footnotes 1 and 2	1166 AVENUE OF THE AMERICAS, NINTH FLOOR, NEW YORK NY 10036
David E Shaw	10 percent owner, other: See footnotes 1 and 2	120 WEST FORTY-FIFTH STREET, 39TH FLOOR, NEW YORK NY 10036
D. E. Shaw & Co, L.l.c.	10 percent owner, other: See footnotes 1 and 2	1166 AVENUE OF THE AMERICAS, NINTH FLOOR, NEW YORK NY 10036
D. E. Shaw Laminar Portfolios, L.l.c.	10 percent owner, other: See footnotes 1 and 2.	120 WEST FORTY-FIFTH STREET, 39TH FLOOR, NEW YORK NY 10036
William I Jacobs	director	C/O MASTERCARD INTERNATIONAL INC, 2000 PURCHASE ST, PUCHASE NY 10577-2509
Killian Raymond L Jr	director	C/O INVESTMENT TECHNOLOGY GROUP INC, 900 THIRD AVE, NEW YORK NY 10022
Mark A Wolfson	director	C/O ARBOR INVESTORS, 2460 SAND HILL RD STE 300, MENLO PARK CA 94025