CNH Industrial NV (CNH Industrial NV) Debt-to-EBITDA

: 6.12 (As of Dec. 2023)

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

CNH Industrial NV's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $11,477 Mil. CNH Industrial NV's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $16,149 Mil. CNH Industrial NV's annualized EBITDA for the quarter that ended in Dec. 2023 was $4,516 Mil. CNH Industrial NV's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 6.12.

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 CNH Industrial NV's Debt-to-EBITDA or its related term are showing as below:

CNHI' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 5.87 Med: 8.15 Max: 26.01
Current: 5.99

During the past 13 years, the highest Debt-to-EBITDA Ratio of CNH Industrial NV was 26.01. The lowest was 5.87. And the median was 8.15.

CNHI's Debt-to-EBITDA is ranked worse than
89.63% of 164 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.8 vs CNHI: 5.99

CNH Industrial NV Debt-to-EBITDA Historical Data

The historical data trend for CNH Industrial NV'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.

CNH Industrial NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

7.95

26.01

6.97

5.87

5.99

CNH Industrial NV 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																5.29	5.77	4.83	5.46	6.12

Competitive Comparison

For the Farm & Heavy Construction Machinery subindustry, CNH Industrial NV'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.

CNH Industrial NV Debt-to-EBITDA Distribution

For the Farm & Heavy Construction Machinery industry and Industrials sector, CNH Industrial NV's Debt-to-EBITDA distribution charts can be found below:

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

CNH Industrial NV Debt-to-EBITDA Calculation

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

CNH Industrial NV'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
	=	(11477	+	16149)	/	4612
	=	5.99

CNH Industrial NV'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
	=	(11477	+	16149)	/	4516
	=	6.12

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.

CNH Industrial NV (NYSE:CNHI) 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.

CNH Industrial NV Debt-to-EBITDA Related Terms

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CNH Industrial NV (CNH Industrial NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » CNH Industrial NV (NYSE:CNHI) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

1CNHI:Italy 1CNHIm:UK 0QGU:UK 37C:Germany 37C:Germany CNHI:Austria

Address

25 St. James's Street, London, GBR, SW1A 1HA

Website

https://www.cnhindustrial.com

CNH Industrial is a global manufacturer of heavy machinery, with a range of products including agricultural and construction equipment. One of its most recognizable brands, Case IH, has served farmers for generations. The company's products are available through a robust dealer network, which includes over 3,600 dealer and distribution locations globally. CNH's finance arm provides retail financing for equipment to its customers in addition to wholesale financing for dealers, which increases the likelihood of product sales.