United Microelectronics (United Microelectronics) Debt-to-EBITDA

: 0.62 (As of Dec. 2023)

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

United Microelectronics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $449 Mil. United Microelectronics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,604 Mil. United Microelectronics's annualized EBITDA for the quarter that ended in Dec. 2023 was $3,300 Mil. United Microelectronics's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.62.

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 United Microelectronics's Debt-to-EBITDA or its related term are showing as below:

UMC' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.29 Med: 0.81 Max: 1.41
Current: 0.57

During the past 13 years, the highest Debt-to-EBITDA Ratio of United Microelectronics was 1.41. The lowest was 0.29. And the median was 0.81.

UMC's Debt-to-EBITDA is ranked better than
68.17% of 710 companies
in the Semiconductors industry
Industry Median: 1.59 vs UMC: 0.57

United Microelectronics Debt-to-EBITDA Historical Data

The historical data trend for United Microelectronics'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.

United Microelectronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

1.15

0.56

0.44

0.29

0.57

United Microelectronics 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																0.29	0.37	0.36	0.73	0.62

Competitive Comparison

For the Semiconductors subindustry, United Microelectronics'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.

United Microelectronics Debt-to-EBITDA Distribution

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

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

United Microelectronics Debt-to-EBITDA Calculation

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

United Microelectronics'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
	=	(449.397	+	1603.595)	/	3611.666
	=	0.57

United Microelectronics'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
	=	(449.397	+	1603.595)	/	3300.244
	=	0.62

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.

United Microelectronics (NYSE:UMC) 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.

United Microelectronics Debt-to-EBITDA Related Terms

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

United Microelectronics (United Microelectronics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » United Microelectronics Corp (NYSE:UMC) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

2303:Taiwan UMC:Mexico UMCB:Germany

Address

No. 3, Li-Hsin 2nd Road, Hsinchu Science Park, Hsinchu, TWN

Website

https://www.umc.com

Founded in 1980, United Microelectronics is the world's third-largest dedicated chip foundry, with 7% market share in 2022 after TSMC and GlobalFoundries. UMC's headquarters are in Hsinchu, Taiwan, and it operates 12 fabs in Taiwan, Mainland China, Japan and Singapore, with additional sales offices in Europe, the U.S. and South Korea. UMC features a diverse customer base including Texas Instruments, MediaTek, Qualcomm, Broadcom, Xilinx and Realtek, supplying a wide range of products applied in communications, display, memory, automotive and more. UMC employs about 20,000 people.