General Dynamics (STU:GDX) Debt-to-EBITDA : 2.22 (As of Mar. 2024)

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What is General Dynamics Debt-to-EBITDA?

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

General Dynamics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €765 Mil. General Dynamics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €9,413 Mil. General Dynamics's annualized EBITDA for the quarter that ended in Mar. 2024 was €4,589 Mil. General Dynamics's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 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 General Dynamics's Debt-to-EBITDA or its related term are showing as below:

STU:GDX' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.71 Med: 2.2 Max: 2.89
Current: 2.08

During the past 13 years, the highest Debt-to-EBITDA Ratio of General Dynamics was 2.89. The lowest was 0.71. And the median was 2.20.

STU:GDX's Debt-to-EBITDA is ranked better than
55.17% of 232 companies
in the Aerospace & Defense industry
Industry Median: 2.375 vs STU:GDX: 2.08

General Dynamics Debt-to-EBITDA Historical Data

The historical data trend for General Dynamics'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.

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General Dynamics Debt-to-EBITDA Chart

General Dynamics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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2.44

2.89

2.54

2.28

2.11

General Dynamics Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-EBITDA	Get a 7-Day Free Trial															2.60	2.46	2.17	1.68	2.22

Competitive Comparison of General Dynamics's Debt-to-EBITDA

For the Aerospace & Defense subindustry, General Dynamics'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.

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

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

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

General Dynamics Debt-to-EBITDA Calculation

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

General Dynamics'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
	=	(762.944	+	9400.167)	/	4810.582
	=	2.11

General Dynamics's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(764.52	+	9413.44)	/	4588.96
	=	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 (Mar. 2024) EBITDA data.

General Dynamics (STU:GDX) 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.

General Dynamics Debt-to-EBITDA Related Terms

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

General Dynamics (STU:GDX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » General Dynamics Corp (STU:GDX) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

GD:USA 1GD:Italy GDX:Germany GDBR34:Brazil

Address

11011 Sunset Hills Road, Reston, VA, USA, 20190

Website

https://www.gd.com

General Dynamics is a defense contractor and business jet manufacturer. The firm's segments include aerospace, marine, combat systems, and technologies. General Dynamics' aerospace segment creates Gulfstream business jets and operates a global aircraft servicing operation. Combat systems produces land-based combat vehicles such as the M1 Abrams tank and Stryker armored personnel carrier, as well as munitions. The marine segment creates and services nuclear-powered submarines, destroyers, and other ships. The technologies segment contains two main units, an IT business that primarily serves the government market and a mission systems business that focuses on products that provide command, control, computing, intelligence, surveillance, and reconnaissance capabilities to the military.