Spirit Aerosystems Inc Net debt/EBITDA
What is the Net debt/EBITDA of Spirit Aerosystems Inc?
The Net debt/EBITDA of Spirit Aerosystems Holdings Inc is -830.84
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 Spirit Aerosystems Inc
What does Spirit Aerosystems Inc do?
spirit aerosystems, with headquarters in wichita, kan., usa, is one of the world's largest non-oem designers and manufacturers of aerostructures for commercial aircraft. in addition to its wichita facilities, spirit has locations in tulsa and mcalester, okla.; kinston, n.c.; prestwick, scotland; preston, england; subang, malaysia; and saint-nazaire, france. in the u.s., spirit's core products include fuselages, pylons, nacelles and wing components. additionally, spirit provides aftermarket customer support services, including spare parts, maintenance/repair/overhaul, and fleet support services in north america, europe and asia. spirit europe produces wing components for a host of customers, including airbus.
Companies with net debt/ebitda similar to Spirit Aerosystems Inc
- Katanga Mining has Net debt/EBITDA of -1,004.76
- Huize Ltd has Net debt/EBITDA of -999.04
- LATAM Airlines S.A has Net debt/EBITDA of -946.41
- Microstrategy has Net debt/EBITDA of -910.04
- Carpinienne de Participations has Net debt/EBITDA of -865.36
- Jiahua Stores has Net debt/EBITDA of -832.85
- Spirit Aerosystems Inc has Net debt/EBITDA of -830.84
- SEMrush has Net debt/EBITDA of -815.85
- Ecoslops SA has Net debt/EBITDA of -813.39
- Star Properties (Cayman Islands) has Net debt/EBITDA of -798.46
- THEMAC Resources has Net debt/EBITDA of -781.56
- Teligent Inc has Net debt/EBITDA of -772.97
- Kai Yuan has Net debt/EBITDA of -769.11