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Chroma Ate (TPE:2360) Debt-to-EBITDA : 0.64 (As of Sep. 2023)


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What is Chroma Ate Debt-to-EBITDA?

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

Chroma Ate's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was NT$3,736 Mil. Chroma Ate's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was NT$745 Mil. Chroma Ate's annualized EBITDA for the quarter that ended in Sep. 2023 was NT$6,963 Mil. Chroma Ate's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 was 0.64.

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 Chroma Ate's Debt-to-EBITDA or its related term are showing as below:

TPE:2360' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.51   Med: 1.28   Max: 1.89
Current: 0.74

During the past 13 years, the highest Debt-to-EBITDA Ratio of Chroma Ate was 1.89. The lowest was 0.51. And the median was 1.28.

TPE:2360's Debt-to-EBITDA is ranked better than
70.85% of 1729 companies
in the Hardware industry
Industry Median: 1.79 vs TPE:2360: 0.74

Chroma Ate Debt-to-EBITDA Historical Data

The historical data trend for Chroma Ate'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.

Chroma Ate Debt-to-EBITDA Chart

Chroma Ate Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.80 1.75 1.64 0.67 0.51

Chroma Ate Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 0.56 0.69 0.36 0.31 0.64

Competitive Comparison of Chroma Ate's Debt-to-EBITDA

For the Scientific & Technical Instruments subindustry, Chroma Ate'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.


Chroma Ate's Debt-to-EBITDA Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Chroma Ate's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Chroma Ate's Debt-to-EBITDA falls into.



Chroma Ate Debt-to-EBITDA Calculation

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

Chroma Ate's Debt-to-EBITDA for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(2200.249 + 1423.072) / 7180.236
=0.50

Chroma Ate's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(3735.992 + 744.817) / 6962.68
=0.64

* 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 (Sep. 2023) EBITDA data.


Chroma Ate  (TPE:2360) 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.


Chroma Ate Debt-to-EBITDA Related Terms

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


Chroma Ate (TPE:2360) Business Description

Traded in Other Exchanges
N/A
Address
No. 88, Wenmao Road, Guishan District, Taoyuan, TWN
Chroma Ate Inc manufactures and sells automated testing systems, electronic testing instruments, signal generators, and power supplies. The company has four reportable segments: Special materials department, Test instrument department, the Automatic equipment department, and Others. It generates maximum revenue from the Automatic equipment segment. The company has a presence in Europe, the United States, Japan, Korea, China, and Southeast Asia.

Chroma Ate (TPE:2360) Headlines

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