Teekay LNG Partners LP Net debt/EBITDA
What is the Net debt/EBITDA of Teekay LNG Partners LP?
The Net debt/EBITDA of Teekay LNG Partners LP is 14.51
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 Teekay LNG Partners LP
What does Teekay LNG Partners LP do?
Teekay LNG is one of the world's largest independent owners and operators of LNG carriers, providing LNG and LPG services primarily under long-term, fee-based charter contracts through its interests in 47 LNG carriers, 23 mid-size LPG carriers, and seven multi-gas carriers. The Partnership's ownership interests in these vessels range from 20 to 100 percent. In addition, the Partnership owns a 30 percent interest in a regasification terminal. Teekay LNG is a publicly-traded master limited partnership formed by Teekay Corporation as part of its strategy to expand its operations in the LNG and LPG shipping sectors.
Companies with net debt/ebitda similar to Teekay LNG Partners LP
- Hasbro has Net debt/EBITDA of 14.50
- United Insurance Corp has Net debt/EBITDA of 14.50
- Mota-Engil SGPS SA has Net debt/EBITDA of 14.50
- BlackRock New York Municipal Income Quality Trust has Net debt/EBITDA of 14.50
- Alaska Communications Systems Inc has Net debt/EBITDA of 14.50
- Hamilton Thorne has Net debt/EBITDA of 14.51
- Teekay LNG Partners LP has Net debt/EBITDA of 14.51
- RCM Technologies has Net debt/EBITDA of 14.52
- Huazhong In-Vehicle has Net debt/EBITDA of 14.52
- Urstadt Biddle Properties has Net debt/EBITDA of 14.52
- Orbcomm Inc has Net debt/EBITDA of 14.52
- Abo Wind Ag O.N has Net debt/EBITDA of 14.52
- Integer Corp has Net debt/EBITDA of 14.53