• Return to Headlines

Platform Special has the Highest Debt to EBITDA Ratio in the Specialty Chemicals Industry (PAH, OMN, KRA, AXTA, ASH)

By Amy Schwartz

Below are the three companies in the Specialty Chemicals 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.

Platform Special ranks highest with a a debt to EBITDA ratio of 8.3. Omnova Solutions is next with a a debt to EBITDA ratio of 6.9. Kraton Corp ranks third highest with a a debt to EBITDA ratio of 5.6.

Axalta Coating S follows with a a debt to EBITDA ratio of 4.4, and Ashland Global H rounds out the top five with a a debt to EBITDA ratio of 4.4.

SmarTrend recommended that its subscribers protect gains by selling shares of Platform Special on August 10th, 2017 by issuing a Downtrend alert when the shares were trading at $12.89. Since that call, shares of Platform Special have fallen 6.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest debt to ebitda ratio platform special omnova solutions kraton corp axalta coating s ashland global h

Ticker(s): PAH OMN KRA AXTA ASH