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Alcoa has the Highest Debt to EBITDA Ratio in the Aluminum Industry (AA, KALU, NOR)
Edited by : AL CIRCLE
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Below are the three companies in the Aluminum industry with the highest debt to EBITDA ratios. This ratio indicates how many years of EBITDA would be necessary in order to pay back all the debt (assuming Debt and EBITDA are constant). Typically, this ratio is considered to be alarming when it is greater than 3.0 but this can vary and should be looked at within the context of the industry.
Alcoa (NYSE:AA) is highest with a debt to EBITDA ratio of 2.6. Alcoa Inc. produces primary aluminum, fabricated aluminum, and alumina, and participates in mining, refining, smelting, fabricating, and recycling. The Company serves customers worldwide primarily in the transportation, packaging, building, and industrial markets with both fabricated and finished products. Alcoa has traded 6.3 million shares thus far today, vs. average volume of 29.3 million shares per day. The stock has outperformed the Dow (1.2% to the Dow's 0.2%) and outperformed the S&P 500 (1.2% to the S&P's 0.4%) during today's trading.
Kaiser Aluminum (NASDAQ:KALU) is next with a debt to EBITDA ratio of 2.0.
Finishing up the top three is Noranda Aluminum (NYSE:NOR), with a debt to EBITDA ratio of 1.6.
Alcoa (NYSE:AA) is highest with a debt to EBITDA ratio of 2.6. Alcoa Inc. produces primary aluminum, fabricated aluminum, and alumina, and participates in mining, refining, smelting, fabricating, and recycling. The Company serves customers worldwide primarily in the transportation, packaging, building, and industrial markets with both fabricated and finished products. Alcoa has traded 6.3 million shares thus far today, vs. average volume of 29.3 million shares per day. The stock has outperformed the Dow (1.2% to the Dow's 0.2%) and outperformed the S&P 500 (1.2% to the S&P's 0.4%) during today's trading.
Kaiser Aluminum (NASDAQ:KALU) is next with a debt to EBITDA ratio of 2.0.
Finishing up the top three is Noranda Aluminum (NYSE:NOR), with a debt to EBITDA ratio of 1.6.
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