IDEX (NYSE:IEX) Debt-to-EBITDA

: 1.15 (As of Sep. 2023)

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

IDEX's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $22 Mil. IDEX's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $1,418 Mil. IDEX's annualized EBITDA for the quarter that ended in Sep. 2023 was $1,256 Mil. IDEX's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 was 1.15.

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 IDEX's Debt-to-EBITDA or its related term are showing as below:

IEX' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.32 Med: 1.66 Max: 2.03
Current: 1.47

During the past 13 years, the highest Debt-to-EBITDA Ratio of IDEX was 2.03. The lowest was 1.32. And the median was 1.66.

IEX's Debt-to-EBITDA is ranked better than
54.38% of 2247 companies
in the Industrial Products industry
Industry Median: 1.74 vs IEX: 1.47

IDEX Debt-to-EBITDA Historical Data

The historical data trend for IDEX'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.

IDEX Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-EBITDA

1.32

1.43

1.93

1.80

1.74

IDEX Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-EBITDA																1.22	1.90	1.74	1.74	1.15

Competitive Comparison

For the Specialty Industrial Machinery subindustry, IDEX'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.

IDEX Debt-to-EBITDA Distribution

For the Industrial Products industry and Industrials sector, IDEX's Debt-to-EBITDA distribution charts can be found below:

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

IDEX Debt-to-EBITDA Calculation

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

IDEX's Debt-to-EBITDA for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(21.6	+	1565.3)	/	909.8
	=	1.74

IDEX's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(21.7	+	1417.7)	/	1256
	=	1.15

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. 2023) EBITDA data.

IDEX (NYSE:IEX) 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.

IDEX Debt-to-EBITDA Related Terms

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

IDEX (NYSE:IEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » IDEX Corp (NYSE:IEX) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

IEX:Mexico ID7:Germany ID7:Germany I1EX34:Brazil

Address

3100 Sanders Road, Suite 301, Northbrook, IL, USA, 60062

Website

https://www.idexcorp.com

Idex manufactures pumps, flow meters, valves, and fluidic systems for customers in a variety of end markets, including industrial, fire and safety, life science, and water. The firm's business is organized into three segments: fluid and metering technologies, health and science technologies, and fire and safety and diversified products. Based in Lake Forest, Illinois, Idex has manufacturing operations in over 20 countries and has over 7,000 employees. The company generated $3.2 billion in revenue and $763 million in adjusted operating income in 2022.

Executives

Alejandro Quiroz	director	3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Roopa Unnikrishnan	officer: SVP, Strategy&Corp Development	3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Marc Uleman	officer: Senior VP, Group Executive HST	3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Melissa Aquino	officer: Former SVP, Group Exec FMT&FSD	3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Lakecia N Gunter	director	3100 SANDER ROAD, SUITE 301, NORTHBROOK IL 60062
William M Cook	director	1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
Katrina L Helmkamp	director	1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
Carl R Christenson	director	C/O ALTRA INDUSTRIAL MOTION INC., 300 GRANITE STREET, BRAINTREE MA 02184
Livingston Satterthwaite	director	1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
Mark A Buthman	director	P O BOX 619100, DALLAS TX 752619100
Stanfield Paris Watts	director	3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Mark A Beck	director	2200 PENNSYLVANIA AVENUE, NW, SUITE 800W, WASHINGTON DC 20037
David C Parry	director	155 HARLEM AVE., GLENVIEW IL 60025
Lisa M Anderson	officer: SVP, General Counsel &Corp Sec	3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Allison S Lausas	officer: VP, Chief Accounting Officer	C/O SUNCOKE ENERGY, INC., 1011 WARRENVILLE ROAD, SUITE 600, LISLE IL 60532