Kinder Morgan Canada (TSX:KML.PR.C.PFD) Debt-to-EBITDA : 3.01 (As of Sep. 2019)

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What is Kinder Morgan Canada Debt-to-EBITDA?

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

Kinder Morgan Canada's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2019 was C$62.00 Mil. Kinder Morgan Canada's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2019 was C$493.30 Mil. Kinder Morgan Canada's annualized EBITDA for the quarter that ended in Sep. 2019 was C$184.80 Mil. Kinder Morgan Canada's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2019 was 3.00.

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 Kinder Morgan Canada's Debt-to-EBITDA or its related term are showing as below:

TSX:KML.PR.C.PFD' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.39 Med: 5.92 Max: 6.44
Current: 2.39

During the past 5 years, the highest Debt-to-EBITDA Ratio of Kinder Morgan Canada was 6.44. The lowest was 2.39. And the median was 5.92.

TSX:KML.PR.C.PFD's Debt-to-EBITDA is not ranked
in the Oil & Gas industry.
Industry Median: 1.76 vs TSX:KML.PR.C.PFD: 2.39

Kinder Morgan Canada Debt-to-EBITDA Historical Data

The historical data trend for Kinder Morgan Canada'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.

Kinder Morgan Canada Debt-to-EBITDA Chart

Kinder Morgan Canada Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Debt-to-EBITDA

6.44

5.40

Kinder Morgan Canada Quarterly Data
	Dec14	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Debt-to-EBITDA	Get a 7-Day Free Trial												-	-	2.77	2.56	3.01

Competitive Comparison of Kinder Morgan Canada's Debt-to-EBITDA

For the Oil & Gas Midstream subindustry, Kinder Morgan Canada'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.

Kinder Morgan Canada's Debt-to-EBITDA Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Kinder Morgan Canada's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Kinder Morgan Canada's Debt-to-EBITDA falls into.

Kinder Morgan Canada Debt-to-EBITDA Calculation

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

Kinder Morgan Canada's Debt-to-EBITDA for the fiscal year that ended in Dec. 2018 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0	+	0)	/	269.7
	=	0.00

Kinder Morgan Canada's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2019 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(62	+	493.3)	/	184.8
	=	3.00

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. 2019) EBITDA data.

Kinder Morgan Canada (TSX:KML.PR.C.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.

Kinder Morgan Canada Debt-to-EBITDA Related Terms

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

Kinder Morgan Canada (TSX:KML.PR.C.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Kinder Morgan Canada Ltd (TSX:KML.PR.C.PFD) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 - 5th Avenue S.W., Suite 2700, Calgary, AB, CAN, T2P 5J2

Website

http://www.kindermorgancanadaltd.com

Kinder Morgan Canada Ltd operates as an integrated network of pipeline systems and terminal facilities in Canada. The business activities are carried out through two segments namely Pipelines and Terminals. The Pipelines business unit is composed of the Trans Mountain pipeline system, the Canadian portion of the Cochin pipeline system, the Puget Sound pipeline system, and the Jet Fuel pipeline system. The Terminals business unit is composed of the Vancouver Wharves terminal in British Columbia and numerous terminals in Edmonton, Alberta. Geographically the business presence of the firm is spread across the US and Canada.

Kinder Morgan Canada (TSX:KML.PR.C.PFD) Headlines

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