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Zen Voce (ROCO:3581) Debt-to-EBITDA : 3.78 (As of Mar. 2024)


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What is Zen Voce Debt-to-EBITDA?

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

Zen Voce's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$469 Mil. Zen Voce's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$20 Mil. Zen Voce's annualized EBITDA for the quarter that ended in Mar. 2024 was NT$129 Mil. Zen Voce's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 3.78.

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 Zen Voce's Debt-to-EBITDA or its related term are showing as below:

ROCO:3581' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.59   Med: 2.96   Max: 4.26
Current: 4.26

During the past 13 years, the highest Debt-to-EBITDA Ratio of Zen Voce was 4.26. The lowest was 0.59. And the median was 2.96.

ROCO:3581's Debt-to-EBITDA is ranked worse than
74.64% of 698 companies
in the Semiconductors industry
Industry Median: 1.545 vs ROCO:3581: 4.26

Zen Voce Debt-to-EBITDA Historical Data

The historical data trend for Zen Voce'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.

Zen Voce Debt-to-EBITDA Chart

Zen Voce Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.18 2.21 2.50 2.87 4.02

Zen Voce Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 2.85 4.75 3.18 6.96 3.78

Competitive Comparison of Zen Voce's Debt-to-EBITDA

For the Semiconductors subindustry, Zen Voce'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.


Zen Voce's Debt-to-EBITDA Distribution in the Semiconductors Industry

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

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



Zen Voce Debt-to-EBITDA Calculation

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

Zen Voce'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
=(486.273 + 26.075) / 127.401
=4.02

Zen Voce's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(468.724 + 20.082) / 129.468
=3.78

* 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 (Mar. 2024) EBITDA data.


Zen Voce  (ROCO:3581) 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.


Zen Voce Debt-to-EBITDA Related Terms

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


Zen Voce (ROCO:3581) Business Description

Traded in Other Exchanges
N/A
Address
No. 53, Jinggong Road, Sinfong Township, Hsinchu, TWN, 30441
Zen Voce Corp is a Taiwan based company engaged in the business of providing semiconductor, optoelectronics and MEMS and LCD's equipment. It offers equipment products which include IC packaging machine design and manufacture of bumping, wafer cutting machine and cleaning machine design and manufacturing, and board cutting machine and cleaning machine design and manufacturing. The test products provided by the company includes Wafer test probe card PCB design and manufacturing, IC test HIFIX and CHANG KIT design and manufacturing, SOCKET IC design and manufacturing test, Acting IC HANDLER, and Acting SOCKET IC burn-in test.

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