SMART Global Holdings (SMART Global Holdings) Debt-to-EBITDA : 10.77 (As of Nov. 2023)

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What is SMART Global Holdings Debt-to-EBITDA?

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

SMART Global Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $29 Mil. SMART Global Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $813 Mil. SMART Global Holdings's annualized EBITDA for the quarter that ended in Nov. 2023 was $78 Mil. SMART Global Holdings's annualized Debt-to-EBITDA for the quarter that ended in Nov. 2023 was 10.77.

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 SMART Global Holdings's Debt-to-EBITDA or its related term are showing as below:

SGH' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.16 Med: 5.74 Max: 20.1
Current: 15.94

During the past 9 years, the highest Debt-to-EBITDA Ratio of SMART Global Holdings was 20.10. The lowest was 1.16. And the median was 5.74.

SGH's Debt-to-EBITDA is ranked worse than
93.96% of 712 companies
in the Semiconductors industry
Industry Median: 1.59 vs SGH: 15.94

SMART Global Holdings Debt-to-EBITDA Historical Data

The historical data trend for SMART Global Holdings'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.

SMART Global Holdings Debt-to-EBITDA Chart

SMART Global Holdings Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-EBITDA

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1.78

3.56

20.10

5.74

12.50

SMART Global Holdings Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Debt-to-EBITDA	Get a 7-Day Free Trial															6.78	103.17	18.52	11.23	10.77

Competitive Comparison of SMART Global Holdings's Debt-to-EBITDA

For the Semiconductors subindustry, SMART Global Holdings'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.

SMART Global Holdings's Debt-to-EBITDA Distribution in the Semiconductors Industry

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

* The bar in red indicates where SMART Global Holdings's Debt-to-EBITDA falls into.

SMART Global Holdings Debt-to-EBITDA Calculation

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

SMART Global Holdings's Debt-to-EBITDA for the fiscal year that ended in Aug. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(35.618	+	821.227)	/	68.54
	=	12.50

SMART Global Holdings's annualized Debt-to-EBITDA for the quarter that ended in Nov. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(28.511	+	812.706)	/	78.14
	=	10.77

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 (Nov. 2023) EBITDA data.

SMART Global Holdings (NAS:SGH) 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.

SMART Global Holdings Debt-to-EBITDA Related Terms

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

SMART Global Holdings (SMART Global Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SMART Global Holdings Inc (NAS:SGH) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

850:Germany

Address

1390 McCarthy Boulevard, Milpitas, CA, USA, 94560

Website

https://www.sghcorp.com

SMART Global Holdings Inc is a designer and manufacturer of electronic products focused on memory and computing technology areas. It specializes in application-specific product development and support for customers in the enterprise, government and original equipment manufacturer (OEM) markets. It operates in three segments such as Memory Solutions in which Memory Solutions group, under our SMART Modular brand, provides high performance and reliable memory solutions through the design, development and advanced packaging of leading-edge to extended lifecycle products. Intelligent Platform Solutions in their IPS group, under our Penguin Solutions and newly acquired Stratus Technologies brands, offers specialized platform solutions and services for high-performance computing.

Executives

Jack A Pacheco	officer: EVP, COO, Pres, Mem Solutions	SMART MODULAR TECHNOLOGIES (WWH), INC., 4211 STARBOARD DRIVE, FREMONT CA 94538
Joseph Gates Clark	officer: President, LED Solutions	C/O SMART MODULAR TECHNOLOGIES, INC., 39870 EUREKA DRIVE, NEWARK CA 94560
Ken Rizvi	officer: SVP and CFO	39870 EUREKA DRIVE, NEWARK CA 94560-4809
David C Laurello	officer: President - IPS	C/O SMART GLOBAL HOLDINGS, INC., 39870 EUREKA DRIVE, NEWARK CA 94560
Mark Adams	director, officer: President and CEO	834 TERRACE DRIVE, LOS ALTOS CA 94024
Anne Kuykendall	officer: SVP and Chief Legal Officer	C/O SMART MODULAR TECHNOLOGIES, INC., 39870 EUREKA DRIVE, NEWARK CA 94560
Sandeep Nayyar	director	C/O SMART GLOBAL HOLDINGS, INC., 39870 EUREKA DRIVE, NEWARK CA 94560
Mary G Puma	director	AXCELIS TECHNOLOGIES INC., 108 CHERRY HILL DRIVE, BEVERLY MA 01915
Thierry Pellegrino	officer: SVP, Pres. Spec. Computing	C/O SMART MODULAR TECHNOLOGIES, INC., 39870 EUREKA DRIVE, NEWARK CA 94560
Penny Herscher	director	1001 RIDDER PARK DRIVE, SAN JOSE CA 95131
Mark D Papermaster	director	ONE AMD PLACE, SUNNYVALE CA 94088
Claude Demby	officer: SVP, Pres. Cree LED	C/O SMART MODULAR TECHNOLOGIES, INC., 39870 EUREKA DRIVE, NEWARK CA 94560
Ajay Shah	director	2775 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
Mukesh Patel	director	C/O SMART GLOBAL HOLDINGS, INC., 39870 EUREKA DRIVE, NEWARK CA 94560
Silver Lake (offshore) Aiv Gp Iii, Ltd.	10 percent owner	C/O SILVER LAKE PARTNERS, 2775 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025