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AEHR (Aehr Test Systems) Debt-to-EBITDA : 2.31 (As of Aug. 2024)


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What is Aehr Test Systems Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Aehr Test Systems's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2024 was $0.83 Mil. Aehr Test Systems's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2024 was $5.88 Mil. Aehr Test Systems's annualized EBITDA for the quarter that ended in Aug. 2024 was $2.90 Mil. Aehr Test Systems's annualized Debt-to-EBITDA for the quarter that ended in Aug. 2024 was 2.31.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Aehr Test Systems's Debt-to-EBITDA or its related term are showing as below:

AEHR' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1.82   Med: -0.6   Max: 4.59
Current: 0.87

During the past 13 years, the highest Debt-to-EBITDA Ratio of Aehr Test Systems was 4.59. The lowest was -1.82. And the median was -0.60.

AEHR's Debt-to-EBITDA is ranked better than
62.73% of 703 companies
in the Semiconductors industry
Industry Median: 1.57 vs AEHR: 0.87

Aehr Test Systems Debt-to-EBITDA Historical Data

The historical data trend for Aehr Test Systems's Debt-to-EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Aehr Test Systems Debt-to-EBITDA Chart

Aehr Test Systems Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.82 -1.25 0.11 0.44 0.54

Aehr Test Systems Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.35 0.28 -0.94 0.53 2.31

Competitive Comparison of Aehr Test Systems's Debt-to-EBITDA

For the Semiconductor Equipment & Materials subindustry, Aehr Test Systems's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Aehr Test Systems's Debt-to-EBITDA Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Aehr Test Systems's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Aehr Test Systems's Debt-to-EBITDA falls into.



Aehr Test Systems Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Aehr Test Systems's Debt-to-EBITDA for the fiscal year that ended in May. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0.465 + 5.732) / 11.441
=0.54

Aehr Test Systems's annualized Debt-to-EBITDA for the quarter that ended in Aug. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0.827 + 5.878) / 2.9
=2.31

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Aug. 2024) EBITDA data.


Aehr Test Systems  (NAS:AEHR) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


Aehr Test Systems Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Aehr Test Systems's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.


Aehr Test Systems Business Description

Traded in Other Exchanges
Address
400 Kato Terrace, Fremont, CA, USA, 94539
Aehr Test Systems is engaged in test systems for burning-in and testing logic, optical, and memory integrated circuits. Increased quality and reliability needs of the Automotive and Mobility integrated circuit markets. The Company operates in one business segment, the designing, manufacturing, marketing and selling of advanced test and burn-in products to the semiconductor manufacturing industry in several geographic areas. The company provides production solutions across the product manufacturing flow to improve yield and reliability and has developed and introduced several inventive products, including the ABTSTM and FOX-PTM families of test and burn-in systems and FOX WaferPakTM Aligner, FOX-XP WaferPak Contactor, FOX DiePak Carrier and FOX DiePak Loader.
Executives
Howard T Slayen director 15353 BARRANCA PARKWAY, IRVINE CA 92618
Fariba Danesh director
Alistair N Sporck officer: VP, CONTACTOR BUSINESS UNIT C/O AEHR TEST SYSTEMS, 400 KATO TERRACE, FREMONT CA 94539
Gayn Erickson director, officer: President & CEO C/O AEHR TEST SYSTEMS, 400 KATO TERRACE, FREMONT CA 94539
Richmond Donald P. Ii officer: VP of Engineering C/O AEHR TEST SYSTEMS, 400 KATO TERRACE, FREMONT CA 94539
Vernon Rogers officer: Exe. VP. of Sales & Marketing C/O AEHR TEST SYSTEMS, 400 KATO TERRACE, FREMONT CA 94539
Chris Siu officer: EXECUTIVE V.P. FINANCE & CFO C/O AEHR TEST SYSTEMS, 400 KATO TERRACE, FREMONT CA 94539
Geoffrey Gates Scott director C/O AEHR TEST SYSTEMS, 400 KATO TERRACE, FREMONT CA 94539
Laura Oliphant director C/O AEHR TEST SYSTEMS, 400 KATO TERRACE, FREMONT CA 94539
Rhea J Posedel officer: CEO and Chairman C/O AEHR TEST SYSTEMS, 400 KATO TERRACE, FREMONT CA 94539
Kenneth B. Spink officer: VP OF FINANCE & CFO C/O AEHR TEST SYSTEMS, 400 KATO TERRACE, FREMONT CA 94539
David S Hendrickson officer: VP of Engineering 400 KATO TERRACE, FREMONT CA 94539
Mario M Rosati director, officer: Secretary 650 PAGE MILL RD, PALO ALTO CA 94304
Adil Engineer officer: Chief Operating Officer C/O AEHR TEST SYSTEMS, 400 KATO TERRACE, FREMONT CA 94539
Michael A. Brannan officer: VP of Operations C/O AEHR TEST SYSTEMS, 400 KATO TERRACE, FREMONT CA 94539