Debt-to-EBITDA measures a company's ability to pay off its debt.
Photronics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2022 was $12.4 Mil. Photronics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2022 was $70.1 Mil. Photronics's annualized EBITDA for the quarter that ended in Apr. 2022 was $280.0 Mil.
Photronics's annualized Debt-to-EBITDA for the quarter that ended in Apr. 2022 was 0.29.
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 Photronics's Debt-to-EBITDA or its related term are showing as below:
PLAB'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.33 Med: 0.56 Max: 1.93
Current: 0.33
During the past 13 years, the highest Debt-to-EBITDA Ratio of Photronics was 1.93. The lowest was 0.33. And the median was 0.56.
PLAB's Debt-to-EBITDA is ranked better than 71.37% of 695
companies
in the Semiconductors industry
Industry Median: 0.97
vs PLAB: 0.33
Photronics Debt-to-EBITDA Historical Data
The historical data trend for Photronics'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.
Photronics Annual Data
Trend
Oct12
Oct13
Oct14
Oct15
Oct16
Oct17
Oct18
Oct19
Oct20
Oct21
Debt-to-EBITDA
0.52
0.37
0.39
0.45
0.59
Photronics Quarterly Data
Jul17
Oct17
Jan18
Apr18
Jul18
Oct18
Jan19
Apr19
Jul19
Oct19
Jan20
Apr20
Jul20
Oct20
Jan21
Apr21
Jul21
Oct21
Jan22
Apr22
Debt-to-EBITDA
0.65
0.53
0.48
0.38
0.30
Competitive Comparison
For the Semiconductor Equipment & Materials subindustry, Photronics'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.
Photronics Debt-to-EBITDA Distribution
For the Semiconductors industry and Technology sector, Photronics's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Photronics's Debt-to-EBITDA falls into.
Photronics Debt-to-EBITDA Calculation
Debt-to-EBITDA measures a company's ability to pay off its debt.
Photronics's Debt-to-EBITDA for the fiscal year that ended in Oct. 2021 is calculated as
* 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 (Apr. 2022) EBITDA data.
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.
Photronics Debt-to-EBITDA Related Terms
Thank you for viewing the detailed overview of Photronics's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.
Photronics is a U.S.-based company that is principally engaged in manufacturing photomasks. The photomasks are photographic quartz plates that contain microscopic images of electronic circuits that are used as a component in the manufacture of integrated circuits and flat-panel displays. The revenue from products designed for integrated circuits production accounts for the majority of total revenue, with the rest derived from products for flat-panel display production. The company's assets are located in Taiwan, Korea, and the United States. It generates revenue worldwide, including the United States, Europe, Taiwan, Korea, China, and elsewhere in Asia, with Asia contributing the majority of total revenue.
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