LMI Aerospace (LMI Aerospace) Debt-to-EBITDA : 20.42 (As of Mar. 2017)

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What is LMI Aerospace Debt-to-EBITDA?

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

LMI Aerospace's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2017 was $2.7 Mil. LMI Aerospace's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2017 was $260.5 Mil. LMI Aerospace's annualized EBITDA for the quarter that ended in Mar. 2017 was $12.9 Mil. LMI Aerospace's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2017 was 20.42.

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

LMIA's Debt-to-EBITDA is not ranked ^*
in the Aerospace & Defense industry.
Industry Median: 2.315
* Ranked among companies with meaningful Debt-to-EBITDA only.

LMI Aerospace Debt-to-EBITDA Historical Data

The historical data trend for LMI Aerospace'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.

LMI Aerospace Debt-to-EBITDA Chart

LMI Aerospace Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Debt-to-EBITDA

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7.58

-10.40

19.03

6.10

54.89

LMI Aerospace Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
Debt-to-EBITDA	Get a 7-Day Free Trial															7.61	-3.11	5.99	10.25	20.42

Competitive Comparison of LMI Aerospace's Debt-to-EBITDA

For the Aerospace & Defense subindustry, LMI Aerospace'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.

LMI Aerospace's Debt-to-EBITDA Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, LMI Aerospace's Debt-to-EBITDA distribution charts can be found below:

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

LMI Aerospace Debt-to-EBITDA Calculation

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

LMI Aerospace's Debt-to-EBITDA for the fiscal year that ended in Dec. 2016 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(2.655	+	237.398)	/	4.373
	=	54.89

LMI Aerospace's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2017 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(2.725	+	260.479)	/	12.888
	=	20.42

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 (Mar. 2017) EBITDA data.

LMI Aerospace (NAS:LMIA) 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.

LMI Aerospace Debt-to-EBITDA Related Terms

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

LMI Aerospace (LMI Aerospace) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » LMI Aerospace Inc (NAS:LMIA) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.lmiaerospace.com

LMI Aerospace Inc was founded in 1948. The Company is a supplier of structural assemblies, kits and components, and design engineering services to the aerospace and defense markets. The Company provides a array of manufacturing capabilities, as well as engineering and value-added services to the large commercial, corporate and regional, and military aircraft markets. It also provide prototyping, testing and design capabilities to customers in support of new product development and in-service aircraft. LMI Aerospace is a preferred supplier to aircraft original equipment manufacturers (OEMs) and Tier 1 aerospace suppliers. In addition to aerospace products, the Company produces components and assemblies for laser equipment used by semiconductor equipment manufacturers, electronic and electrical wire harnesses, cable assemblies, and mechanical sub-assemblies for the air and rail traffic control, medical equipment, telecommunications, and heavy equipment industries. The Company operates in two business segments consisting of: Aerostructures segment and Engineering Services segment. Its Aerostructures segment fabricates, machines, finishes, integrates, assembles and kits machined and formed close tolerance aluminum, specialty alloy and composite components and higher level assemblies for use by the aerospace and defense industries. The Company also offers its customers value-added services related to the design, production, assembly and distribution of aerospace components and deliver kits of products directly to customer points of use. Its Engineering Services segment provides a complete range of design, engineering and program management services, supporting aircraft product lifecycles from conceptual design, analysis and certification through production support, fleet support, and service life extensions via a complete turnkey engineering solution to OEMs and Tier 1 aerospace suppliers. Its competitors in the aerospace industry consist of a large, fragmented group of companies, including certain business units or affiliates of its customers. The Companys operations are subject to extensive and frequently changing federal, state and local laws and substantial regulation by government agencies.

Executives

Gregory L Summe	director	C/O GLEN CAPITAL PARTNERS LLC, 800 SOUTH STREET, SUITE 160, WALTHAM MA 02453
John S Eulich	director	411 FOUNTAIN LAKES BLVD., ST. CHARLES MO 63301
Gerald E Daniels	director
Daniel G. Korte	director, officer: CEO & PRESIDENT	C/O LMI AEROSPACE, INC., 411 FOUNTAIN LAKE BLVD., ST. CHARLES MO 63301
Lawrence J Resnick	director
John M Roeder	director	411 FOUNTAIN LAKES BLVD. ST. CHARLES MO 63301
Glen Capital Partners Focus Fund, L.p.	10 percent owner	75 ARLINGTON STREET, SUITE 500, BOSTON MA 02116
Glen Capital Partners Llc	10 percent owner	800 SOUTH STREET, SUITE 160, WALTHAM MA 02453
Glen Capital Partners Gp Llc	10 percent owner	800 SOUTH STREET, SUITE 160, WALTHAM MA 02453
Miller Paul L Jr	director