Shares of Mechel Rank the Highest in Terms of Debt to EBITDA Ratio in the Steel Industry (MTL, AKS, ZEUS, CAS, SUTR)

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[January 03, 2013]

Shares of Mechel Rank the Highest in Terms of Debt to EBITDA Ratio in the Steel Industry (MTL, AKS, ZEUS, CAS, SUTR)

Jan 03, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Steel 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.Mechel ranks highest with a a debt to EBITDA ratio of 7.1. AK Steel Holding is next with a a debt to EBITDA ratio of 6.2. Olympic Steel ranks third highest with a a debt to EBITDA ratio of 5.4.

AM Castle follows with a a debt to EBITDA ratio of 5.0, and Sutor Technology Group rounds out the top five with a a debt to EBITDA ratio of 4.6.

SmarTrend is tracking the current trend status for Sutor Technology Group and will alert subscribers who have SUTR in their portfolio or watchlist when shares have changed trend direction.

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