SeaCube Container Leasing (FRA:03S) Debt-to-EBITDA : -17.55 (As of Dec. 2012)

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What is SeaCube Container Leasing Debt-to-EBITDA?

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

SeaCube Container Leasing's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2012 was €137.3 Mil. SeaCube Container Leasing's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2012 was €1,046.0 Mil. SeaCube Container Leasing's annualized EBITDA for the quarter that ended in Dec. 2012 was €-67.4 Mil. SeaCube Container Leasing's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2012 was -17.55.

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 SeaCube Container Leasing's Debt-to-EBITDA or its related term are showing as below:

FRA:03S's Debt-to-EBITDA is not ranked ^*
in the Business Services industry.
Industry Median: 1.84
* Ranked among companies with meaningful Debt-to-EBITDA only.

SeaCube Container Leasing Debt-to-EBITDA Historical Data

The historical data trend for SeaCube Container Leasing'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.

SeaCube Container Leasing Debt-to-EBITDA Chart

SeaCube Container Leasing Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Debt-to-EBITDA

10.84

15.31

11.80

13.77

14.95

SeaCube Container Leasing Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12
Debt-to-EBITDA	Get a 7-Day Free Trial								11.92	12.46	7.28	7.51	-17.55

Competitive Comparison of SeaCube Container Leasing's Debt-to-EBITDA

For the Rental & Leasing Services subindustry, SeaCube Container Leasing'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.

SeaCube Container Leasing's Debt-to-EBITDA Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, SeaCube Container Leasing's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where SeaCube Container Leasing's Debt-to-EBITDA falls into.

SeaCube Container Leasing Debt-to-EBITDA Calculation

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

SeaCube Container Leasing's Debt-to-EBITDA for the fiscal year that ended in Dec. 2012 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(137.317	+	1045.996)	/	79.174
	=	14.95

SeaCube Container Leasing's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2012 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(137.317	+	1045.996)	/	-67.42
	=	-17.55

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. 2012) EBITDA data.

SeaCube Container Leasing (FRA:03S) 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.

SeaCube Container Leasing Debt-to-EBITDA Related Terms

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

SeaCube Container Leasing (FRA:03S) Business Description

Industry

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Traded in Other Exchanges

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Address

Website

SeaCube Container Leasing Ltd was incorporated in Bermuda in March 2010. It is a container leasing company based on total assets. Containers are the primary means by which products are shipped internationally because they facilitate the secure and efficient movement of goods via multiple transportation modes, including ships, rail and trucks. The principal activities of its business include the acquisition, leasing, re-leasing and subsequent sale of refrigerated and dry containers and generator sets. It leases its containers primarily under long-term contracts to a diverse group of the shipping lines. It owns or manages a fleet of 507,013 units, representing 795,039 TEUs of containers and generator sets. It leases three types of assets: Reefers, which are used for perishable items such as fresh and frozen foods; Dry freight containers, which are used for general cargo such as manufactured component parts, consumer staples and apparel; and Gensets, which are diesel generators used to provide mobile power to reefers. The Company's fleet of equipment consists of three types of container assets: refrigerated containers, dry freight containers and generator sets. Refrigerated containers, or reefers, are insulated containers that include an integrated cooling machine. These containers are typically used to carry perishable cargo such as fresh and frozen produce, meat, poultry, fish and other temperature sensitive products. A dry container is essentially a steel box with a set of doors on one end. Dry containers are the least-expensive type of intermodal container and are used to carry most types of freight. Generator sets, or gensets, are portable diesel fueled generators used to power reefers. They can be used when reefers are transported by trucks. It competes with Textainer Group, Florens Group, Triton Container, TAL International and GE Seaco. The Company is subject to federal, state, local and foreign laws and regulations relating to the protection of the environment, including those governing the discharge of pollutants to air and water, the management and disposal of hazardous substances and wastes and the cleanup of contaminated sites.

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