Capital Product Partners LP (Capital Product Partners LP) Debt-to-EBITDA : 7.11 (As of Dec. 2023)

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What is Capital Product Partners LP Debt-to-EBITDA?

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

Capital Product Partners LP's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $103.1 Mil. Capital Product Partners LP's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,672.2 Mil. Capital Product Partners LP's annualized EBITDA for the quarter that ended in Dec. 2023 was $249.9 Mil. Capital Product Partners LP's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 7.11.

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 Capital Product Partners LP's Debt-to-EBITDA or its related term are showing as below:

CPLP' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.04 Med: 4.56 Max: 7.59
Current: 7.49

During the past 13 years, the highest Debt-to-EBITDA Ratio of Capital Product Partners LP was 7.59. The lowest was 3.04. And the median was 4.56.

CPLP's Debt-to-EBITDA is ranked worse than
84.43% of 848 companies
in the Transportation industry
Industry Median: 2.845 vs CPLP: 7.49

Capital Product Partners LP Debt-to-EBITDA Historical Data

The historical data trend for Capital Product Partners LP'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.

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Capital Product Partners LP Debt-to-EBITDA Chart

Capital Product Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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3.04

3.74

7.59

4.92

7.49

Capital Product Partners LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial															5.41	7.09	7.52	5.98	7.11

Competitive Comparison of Capital Product Partners LP's Debt-to-EBITDA

For the Marine Shipping subindustry, Capital Product Partners LP'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.

Capital Product Partners LP's Debt-to-EBITDA Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Capital Product Partners LP's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Capital Product Partners LP's Debt-to-EBITDA falls into.

Capital Product Partners LP Debt-to-EBITDA Calculation

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

Capital Product Partners LP's Debt-to-EBITDA for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(103.116	+	1672.179)	/	237.156
	=	7.49

Capital Product Partners LP's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(103.116	+	1672.179)	/	249.86
	=	7.11

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. 2023) EBITDA data.

Capital Product Partners LP (NAS:CPLP) 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.

Capital Product Partners LP Debt-to-EBITDA Related Terms

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

Capital Product Partners LP (Capital Product Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Capital Product Partners LP (NAS:CPLP) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Iassonos Street, Piraeus, GRC, 18537

Website

http://www.capitalpplp.com

Capital Product Partners LP is in the seaborne transportation of cargoes, crude oil, gasoline, diesel, fuel oil, jet fuel and edible oils and dry cargo and containerized goods. Its vessels include; suezmax crude oil tankers, medium-range product tankers, neo panamax container carriers and capsize bulk carrier. Its vessels are capable of carrying a wide range of cargoes, including crude oil, refined oil products (such as gasoline, diesel, fuel oil and jet fuel), edible oils and certain chemicals, such as ethanol, as well as dry cargo and containerized goods under short-term voyage charters and medium to long-term time and bareboat charters.