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Cirrus Logic (STU:CRU) Debt-to-EBITDA : 0.21 (As of Dec. 2023)


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What is Cirrus Logic Debt-to-EBITDA?

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

Cirrus Logic's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €18 Mil. Cirrus Logic's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €127 Mil. Cirrus Logic's annualized EBITDA for the quarter that ended in Dec. 2023 was €679 Mil. Cirrus Logic's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.21.

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 Cirrus Logic's Debt-to-EBITDA or its related term are showing as below:

STU:CRU' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.16   Med: 0.49   Max: 1.37
Current: 0.53

During the past 13 years, the highest Debt-to-EBITDA Ratio of Cirrus Logic was 1.37. The lowest was 0.16. And the median was 0.49.

STU:CRU's Debt-to-EBITDA is ranked better than
70.13% of 713 companies
in the Semiconductors industry
Industry Median: 1.58 vs STU:CRU: 0.53

Cirrus Logic Debt-to-EBITDA Historical Data

The historical data trend for Cirrus Logic'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.

Cirrus Logic Debt-to-EBITDA Chart

Cirrus Logic Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.57 0.49 0.41 0.43

Cirrus Logic 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 0.25 -0.89 1.04 0.32 0.21

Competitive Comparison of Cirrus Logic's Debt-to-EBITDA

For the Semiconductors subindustry, Cirrus Logic'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.


Cirrus Logic's Debt-to-EBITDA Distribution in the Semiconductors Industry

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

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



Cirrus Logic Debt-to-EBITDA Calculation

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

Cirrus Logic's Debt-to-EBITDA for the fiscal year that ended in Mar. 2023 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(17.225 + 114.537) / 305.268
=0.43

Cirrus Logic'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
=(18.254 + 126.927) / 678.824
=0.21

* 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.


Cirrus Logic  (STU:CRU) 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.


Cirrus Logic Debt-to-EBITDA Related Terms

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


Cirrus Logic (STU:CRU) Business Description

Traded in Other Exchanges
Address
800 West 6th Street, Austin, TX, USA, 78701
Cirrus Logic Inc is a provider of integrated circuits for audio and voice signal processing applications. The firm's products are organized into two streams: portable audio products, and non-portable audio and other products. These products include analog and mixed-signal components targeting mobile devices, smart homes, and applications in the automotive, energy, and industrial markets. Roughly half of the firm's revenue is generated in China, with the rest coming from the United States, Europe, South Korea, and countries across the world.