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Ceragon Networks (Ceragon Networks) Debt-to-EBITDA : 2.20 (As of Dec. 2023)


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What is Ceragon Networks Debt-to-EBITDA?

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

Ceragon Networks's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $36.5 Mil. Ceragon Networks's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $13.7 Mil. Ceragon Networks's annualized EBITDA for the quarter that ended in Dec. 2023 was $22.8 Mil. Ceragon Networks's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 2.20.

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 Ceragon Networks's Debt-to-EBITDA or its related term are showing as below:

CRNT' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -45.86   Med: 1.53   Max: 3.72
Current: 1.66

During the past 13 years, the highest Debt-to-EBITDA Ratio of Ceragon Networks was 3.72. The lowest was -45.86. And the median was 1.53.

CRNT's Debt-to-EBITDA is ranked better than
51.87% of 1739 companies
in the Hardware industry
Industry Median: 1.78 vs CRNT: 1.66

Ceragon Networks Debt-to-EBITDA Historical Data

The historical data trend for Ceragon Networks'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.

Ceragon Networks Debt-to-EBITDA Chart

Ceragon Networks Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.75 3.72 2.78 -45.86 1.66

Ceragon Networks Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -1.47 1.98 1.66 1.45 2.20

Competitive Comparison of Ceragon Networks's Debt-to-EBITDA

For the Communication Equipment subindustry, Ceragon Networks'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.


Ceragon Networks's Debt-to-EBITDA Distribution in the Hardware Industry

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

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



Ceragon Networks Debt-to-EBITDA Calculation

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

Ceragon Networks's Debt-to-EBITDA for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(36.489 + 13.716) / 30.247
=1.66

Ceragon Networks's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(36.489 + 13.716) / 22.82
=2.20

* 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 (Dec. 2023) EBITDA data.


Ceragon Networks  (NAS:CRNT) 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.


Ceragon Networks Debt-to-EBITDA Related Terms

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


Ceragon Networks (Ceragon Networks) Business Description

Traded in Other Exchanges
Address
Building. A, 7th floor, Nitzba City, Plot 300, PO Box 112, Rosh Ha’Ayin, ISR, 4810002
Ceragon Networks Ltd offers wireless backhaul solutions. Its products comprise of FibeAir IP-20 Platform, FibeAir IP-20 Assured Platform, and Network Management. The company provides its services to wireless service providers, public safety organizations, government agencies and utility companies. The company's FibeAir IP-20 platform offers flexibility in choosing all-outdoor, split-mount and all-indoor configurations to suit any deployment scenario. Its products include short haul-access, short haul-aggregation, small cells, long haul, and enterprise access. Geographically, it derives majority revenue from India and also has a presence in North America, Europe, Africa, Asia-Pacific, and the Middle East and Latin America.