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Kaman (KAMN) Debt-to-EBITDA : 5.71 (As of Dec. 2023)


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What is Kaman Debt-to-EBITDA?

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

Kaman's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $202.6 Mil. Kaman's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $363.5 Mil. Kaman's annualized EBITDA for the quarter that ended in Dec. 2023 was $99.2 Mil. Kaman's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 5.71.

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

KAMN' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -68.4   Med: 2.62   Max: 5.62
Current: 5.57

During the past 13 years, the highest Debt-to-EBITDA Ratio of Kaman was 5.62. The lowest was -68.40. And the median was 2.62.

KAMN's Debt-to-EBITDA is ranked worse than
76.72% of 232 companies
in the Aerospace & Defense industry
Industry Median: 2.375 vs KAMN: 5.57

Kaman Debt-to-EBITDA Historical Data

The historical data trend for Kaman'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.

Kaman Debt-to-EBITDA Chart

Kaman Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.43 -13.56 1.80 -68.40 5.62

Kaman 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.72 6.78 4.75 6.35 5.71

Competitive Comparison of Kaman's Debt-to-EBITDA

For the Aerospace & Defense subindustry, Kaman'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.


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

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

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



Kaman Debt-to-EBITDA Calculation

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

Kaman'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
=(202.62 + 363.478) / 100.72
=5.62

Kaman'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
=(202.62 + 363.478) / 99.216
=5.71

* 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.

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.


Kaman  (NYSE:KAMN) 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.


Kaman Debt-to-EBITDA Related Terms

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


Kaman (KAMN) Business Description

Traded in Other Exchanges
Address
1332 Blue Hills Avenue, Bloomfield, CT, USA, 06002
Kaman Corp is a diversified company that conducts business in the aerospace and defense, medical and industrial markets. The Engineered Products segment serves the aerospace and defense, industrial and medical markets providing sophisticated proprietary aircraft bearings and components. The Precision Products segment serves the aerospace and defense markets providing precision safe and arming solutions for missile and bomb systems for the U.S. and allied militaries. The Structures segment serves the aerospace and defense and medical end markets providing sophisticated complex metallic and composite aerostructures for commercial, military, and general aviation fixed military and general aviation fixed and rotary wing aircraft, and medical imaging solutions.
Executives
Matthew King Petterson officer: VP CAO & CONTROLLER C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002
Wilfredo Roy Dilig officer: VP INFORMATION TECHNOLOGY C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002
Smith Richard Stanley Jr officer: SVP GEN COUNSEL & SECRETARY C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002
Carroll Kent Lane officer: SVP and President KAV and KPP C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002
Callaway E Reeves Iii director C/O KAMAN CORP, PO BOX 1, BLOOMFIELD CT 06002-0001
Niharika Ramdev director C/O XL HYBRIDS, INC., 145 NEWTON STREET, BOSTON MA 02135
Darlene Ruth Smith officer: President KAV and KPP C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002
Rafael Zev Cohen officer: VP IT & Cybersecurity C/O KAMAN CORPORATION, BLOOMFIELD CT 06002
Megan Amanda Morgan officer: VP-HR & CHRO C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002
Kristen Mcdonald Samson officer: VP and CMCO C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002
Russell James Bartlett other: Sr. VP & Chief Operating Offcr C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002
Aisha Barry director 111 4TH AVE N UNIT 304, MINNEAPOLIS MN 55401
Michelle Lohmeier director C/O SPIRIT AEROSYSTEMS HOLDINGS, INC., WICHITA KS 67210
Ian K. Walsh director, officer: President & CEO 111 E. KILBOURNE AVE, MILWAULKEE WI 53202
Thomas W Rabaut director C/O CYTEC INDUSTRIES INC, 5 GARRET MOUNTAIN PLAZA, WEST PATERSON NJ 07424

Kaman (KAMN) Headlines

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