Ostin Technology Group Co (Ostin Technology Group Co) Debt-to-EBITDA : -4.08 (As of Sep. 2023)

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What is Ostin Technology Group Co Debt-to-EBITDA?

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

Ostin Technology Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $24.02 Mil. Ostin Technology Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $1.66 Mil. Ostin Technology Group Co's annualized EBITDA for the quarter that ended in Sep. 2023 was $-6.30 Mil. Ostin Technology Group Co's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 was -4.08.

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 Ostin Technology Group Co's Debt-to-EBITDA or its related term are showing as below:

OST' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -3.97 Med: 5.58 Max: 9.44
Current: -3.97

During the past 5 years, the highest Debt-to-EBITDA Ratio of Ostin Technology Group Co was 9.44. The lowest was -3.97. And the median was 5.58.

OST's Debt-to-EBITDA is ranked worse than
100% of 1740 companies
in the Hardware industry
Industry Median: 1.8 vs OST: -3.97

Ostin Technology Group Co Debt-to-EBITDA Historical Data

The historical data trend for Ostin Technology Group Co'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.

Ostin Technology Group Co Debt-to-EBITDA Chart

Ostin Technology Group Co Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-EBITDA

9.44

3.24

6.02

5.58

-3.97

Ostin Technology Group Co Semi-Annual Data
	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-EBITDA	Get a 7-Day Free Trial				6.88	4.64	26.80	-3.78	-4.08

Competitive Comparison of Ostin Technology Group Co's Debt-to-EBITDA

For the Electronic Components subindustry, Ostin Technology Group Co'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.

Ostin Technology Group Co's Debt-to-EBITDA Distribution in the Hardware Industry

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

* The bar in red indicates where Ostin Technology Group Co's Debt-to-EBITDA falls into.

Ostin Technology Group Co Debt-to-EBITDA Calculation

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

Ostin Technology Group Co's Debt-to-EBITDA for the fiscal year that ended in Sep. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(24.02	+	1.658)	/	-6.474
	=	-3.97

Ostin Technology Group Co's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(24.02	+	1.658)	/	-6.298
	=	-4.08

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 two times the quarterly (Sep. 2023) EBITDA data.

Ostin Technology Group Co (NAS:OST) 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.

Ostin Technology Group Co Debt-to-EBITDA Related Terms

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

Ostin Technology Group Co (Ostin Technology Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ostin Technology Group Co Ltd (NAS:OST) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Kechuang Road, Building 2, 101/201, Qixia District, Nanjing, CHN, 210046

Website

http://www.austinelec.com

Ostin Technology Group Co Ltd is a supplier of display modules and polarizers in China. It designs, develops, and manufactures TFT-LCD modules in a wide range of sizes and customized sizes according to the specifications of its customers. Its display modules are mainly used in consumer electronics, commercial LCD displays, and automotive displays. The company also manufactures polarizers used in the TFT-LCD display modules and is in the process of developing polarizers for the OLED display panel.