Steel Partners LP Net debt/EBITDA
What is the Net debt/EBITDA of Steel Partners LP?
The Net debt/EBITDA of Steel Partners Holdings LP is 20.72
What is the definition of Net debt/EBITDA?
The net debt to earnings before interest, taxes, depreciation, and amortization (Net debt/EBITDA) ratio measures financial leverage and the company’s ability to pay off its debt. It shows how long it would take the company to pay off all its debt with operations at the current level.
The net debt to EBITDA ratio is calculated as Net debt divided by EBITDA. It is similar to the debt to EBITDA ratio, but cash and cash equivalents are subtracted in net debt.
Net debt = short-term debt + long-term debt - cash and cash equivalents
EBITDA = net income + interest expense + taxes + depreciation + amortization
Lower debt debt to EBITDA ratio indicates the company is not heavily indebted and should be able to repay its obligations. Alternatively, higher ratio indicated the company is excessively indebted. The ratio varies between industries as different industries have different capital requirements. Usually, the ratio should be compared to a benchmark or an industry average to determine the company’s credit risk. Generally, a net debt to EBITDA ratio above 4 or 5 is considered high.
Net debt/EBITDA of companies in the Industrials sector on NYSE compared to Steel Partners LP
What does Steel Partners LP do?
steel partners holdings l.p. (nyse: splp) is a global diversified holding company that engages in multiple businesses, including diversified industrial products, energy, defense, supply chain management and logistics, banking, food products and services, oilfield services, sports, training, education, and the entertainment and lifestyle industries.
Companies with net debt/ebitda similar to Steel Partners LP
- Mid-Con Partners LP has Net debt/EBITDA of 20.67
- Brookfield Infrastructure Partners L.P has Net debt/EBITDA of 20.68
- Brookfield Infrastructure Partners L.P has Net debt/EBITDA of 20.68
- AvalonBay Communities has Net debt/EBITDA of 20.69
- Beazer Homes USA has Net debt/EBITDA of 20.70
- Tungtex () has Net debt/EBITDA of 20.70
- Steel Partners LP has Net debt/EBITDA of 20.72
- Fifth Third Bancorp has Net debt/EBITDA of 20.75
- Duke Realty has Net debt/EBITDA of 20.76
- UCW has Net debt/EBITDA of 20.77
- Compass Diversified has Net debt/EBITDA of 20.78
- Creative Media & Community Trust has Net debt/EBITDA of 20.79
- INDUS Realty Trust has Net debt/EBITDA of 20.79