Ampco-Pittsburgh (Ampco-Pittsburgh) Debt-to-EBITDA

: -0.93 (As of Dec. 2023)

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

Ampco-Pittsburgh's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $13.2 Mil. Ampco-Pittsburgh's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $120.2 Mil. Ampco-Pittsburgh's annualized EBITDA for the quarter that ended in Dec. 2023 was $-143.6 Mil. Ampco-Pittsburgh's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -0.93.

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

AP' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -10.89 Med: 1.26 Max: 9.43
Current: -10.89

During the past 13 years, the highest Debt-to-EBITDA Ratio of Ampco-Pittsburgh was 9.43. The lowest was -10.89. And the median was 1.26.

AP's Debt-to-EBITDA is ranked worse than
100% of 2303 companies
in the Industrial Products industry
Industry Median: 1.71 vs AP: -10.89

Ampco-Pittsburgh Debt-to-EBITDA Historical Data

The historical data trend for Ampco-Pittsburgh'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.

Ampco-Pittsburgh Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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4.71

1.33

3.17

3.84

-10.89

Ampco-Pittsburgh 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															4.62	3.69	4.10	4.06	-0.93

Competitive Comparison

For the Metal Fabrication subindustry, Ampco-Pittsburgh'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.

Ampco-Pittsburgh Debt-to-EBITDA Distribution

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

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

Ampco-Pittsburgh Debt-to-EBITDA Calculation

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

Ampco-Pittsburgh'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
	=	(13.217	+	120.204)	/	-12.256
	=	-10.89

Ampco-Pittsburgh'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
	=	(13.217	+	120.204)	/	-143.628
	=	-0.93

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.

Ampco-Pittsburgh (NYSE:AP) 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.

Ampco-Pittsburgh Debt-to-EBITDA Related Terms

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

Ampco-Pittsburgh (Ampco-Pittsburgh) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ampco-Pittsburgh Corp (NYSE:AP) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

726 Bell Avenue, Suite 301, Carnegie, PA, USA, 15106

Website

http://www.ampcopgh.com

Ampco-Pittsburgh Corp is a U,S.-based company manufacturing and selling engineered, specialty metal products and customized equipment. It operates in two business segments namely the Forged and Cast Engineered Products segment and the Air and Liquid Processing segment. The Forged and Cast Engineered Products segment produces forged hardened steel rolls, cast rolls, and open-die forged products. Forged hardened steel rolls are used in cold rolling mills by producers of steel, aluminum, and other metals whereas, the Air and Liquid Processing segment includes Aerofin, Buffalo Air Handling, and Buffalo Pumps. The company generates a majority of its revenue from the Forged and Cast Engineered Products segment. It has a business presence in the U,S and other countries.

Executives

Darrell L Mcnair	director	726 BELL AVENUE, SUITE 301, CARNEGIE PA 15106
Frederick D. Disanto	director	6060 PARKLAND, SUITE 200, CLEVELAND OH 44124
David George Anderson	officer: President,Air&Liq. Proc. Group	726 BELL AVENUE, SUITE 301, CARNEGIE PA 15106
Robert Demichiei	director	726 BELL AVE., SUITE 301, PO BOX 457, CARNEGIE PA 15106
Michael G Mcauley	officer: CFO & Treasurer	1550 CORAOPOLIS HEIGHTS ROAD, SUITE 500, PITTSBURGH PA 15108
Louis Berkman Investment Co	10 percent owner	330 N. SEVENTH STREET, STEUBENVILLE OH 43952
Brett Mcbrayer	director, officer: Chief Executive Officer	726 BELL AVENUE, SUITE 301, CARNEGIE PA 15106
Pforzheimer Carl H Ii	director	CARL H PFORZHEIMER & CO, 650 MADISON 23 FLOOR, NEW YORK NY 10022
Samuel Lyon	officer: President of Union Electric	C/O UNION ELECTRIC STEEL CORPORATION, 726 BELL AVENUE, CARNEGIE PA 15106
Elizabeth Anne Fessenden	director	1137 WEST AVENUE, RICHMOND VA 23220
Crawford United Corp	other: Member of 10% owner group	10514 DUPONT AVE, CLEVELAND OH 44108
Edward F Crawford	other: Member of 10% owner group
2006 Irrevocable Trust Of Laura W. Van Loan For The Benefit Of Mary M. Crawford	other: Member of 10% owner group	6065 PARKLAND BOULEVARD, CLEVELAND OH 44124
Altor Ii Aggregator Topco Ltd	10 percent owner	11-15 SEATON PLACE, ST. HELIER Y9 JE4 0QH
Terry L Dunlap	director	1000 SIX PPG PLACE, PITTSBURGH PA 15222