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Covanta Holding has the Highest Debt to EBITDA Ratio in the Environmental & Facilities Services Industry (CVA, TISI, CLH, SRCL, CWST)

By David Diaz

Below are the three companies in the Environmental & Facilities Services 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.

Covanta Holding ranks highest with a a debt to EBITDA ratio of 10.1. Team Inc is next with a a debt to EBITDA ratio of 8.2. Clean Harbors ranks third highest with a a debt to EBITDA ratio of 4.5.

Stericycle Inc follows with a a debt to EBITDA ratio of 4.2, and Casella Waste rounds out the top five with a a debt to EBITDA ratio of 4.2.

SmarTrend recommended that subscribers consider buying shares of Casella Waste on June 8th, 2017 as our technology indicated a new Uptrend was in progress when shares hit $15.38. Since that recommendation, shares of Casella Waste have risen 10.8%. We continue to monitor Casella Waste for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest debt to ebitda ratio covanta holding team inc clean harbors stericycle inc casella waste

Ticker(s): CVA TISI CLH SRCL CWST