Cadre Holdings (Cadre Holdings) Debt-to-EBITDA : 2.22 (As of Dec. 2023)

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What is Cadre Holdings Debt-to-EBITDA?

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

Cadre Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $15.8 Mil. Cadre Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $131.0 Mil. Cadre Holdings's annualized EBITDA for the quarter that ended in Dec. 2023 was $66.3 Mil. Cadre Holdings's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 2.22.

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

CDRE' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.01 Med: 3.24 Max: 6.35
Current: 2.01

During the past 5 years, the highest Debt-to-EBITDA Ratio of Cadre Holdings was 6.35. The lowest was 2.01. And the median was 3.24.

CDRE's Debt-to-EBITDA is ranked better than
56.03% of 232 companies
in the Aerospace & Defense industry
Industry Median: 2.375 vs CDRE: 2.01

Cadre Holdings Debt-to-EBITDA Historical Data

The historical data trend for Cadre Holdings'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.

Cadre Holdings Debt-to-EBITDA Chart

Cadre Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

6.35

3.18

3.24

5.07

2.01

Cadre Holdings Quarterly Data
	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												2.12	2.37	1.81	1.79	2.22

Competitive Comparison of Cadre Holdings's Debt-to-EBITDA

For the Aerospace & Defense subindustry, Cadre Holdings'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.

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

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

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

Cadre Holdings Debt-to-EBITDA Calculation

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

Cadre Holdings'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
	=	(15.83	+	130.998)	/	73.192
	=	2.01

Cadre Holdings'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
	=	(15.83	+	130.998)	/	66.28
	=	2.22

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.

Cadre Holdings (NYSE:CDRE) 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.

Cadre Holdings Debt-to-EBITDA Related Terms

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

Cadre Holdings (Cadre Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Cadre Holdings Inc (NYSE:CDRE) » Definitions » Debt-to-EBITDA

Comparable Companies

RGR VSEC EH ACHR DCO SWBI PL TGI VVX SPCE RTX BA LMT XPAR:AIR NOC GD XPAR:SAF TDG LSE:BA. LHX

Traded in Other Exchanges

N/A

Address

13386 International Parkway, Jacksonville, FL, USA, 32218

Website

https://www.cadre-holdings.com

Cadre Holdings Inc is engaged in the design and manufacture of a diversified product portfolio of critical safety and survivability equipment to protect first responders, federal agencies, outdoor recreation, and personal protection markets. The Company's equipment provides critical protection to allow its users to safely and securely perform their duties and protect those around them in hazardous or life-threatening situations. Its operations are comprised of two reportable segments: Products and Distribution.

Executives

Blaine Browers	officer: CHIEF FINANCIAL OFFICER	13386 INTERNATIONAL PARKWAY, JACKSONVILLE FL 32218
Warren B Kanders	director, 10 percent owner, officer: CEO AND CHAIRMAN	ONE LANDMARK SQUARE, 22ND FLOOR, STAMFORD, CT 06901
Nicolas Sokolow	director	100 BLVD MALESHERBES, PARIS I0 00000
Brad Williams	officer: PRESIDENT	13386 INTERNATIONAL PARKWAY, JACKSONVILLE FL 32218
Deborah A Decotis	director	1633 BROADWAY, NEW YORK NY 10019
Quigley William G Iii	director
Hamish Norton	director	13386 INTERNATIONAL PARKWAY, JACKSONVILLE FL 32218
Maui Holdings, Llc	10 percent owner	340 ROYAL POINCIANA WAY, SUITE 317-250, PALM BEACH FL 33480