Cognex (Cognex) Debt-to-EBITDA : 1.17 (As of Dec. 2023)

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What is Cognex Debt-to-EBITDA?

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

Cognex's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $9.6 Mil. Cognex's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $69.0 Mil. Cognex's annualized EBITDA for the quarter that ended in Dec. 2023 was $67.5 Mil. Cognex's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 1.16.

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

CGNX' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.08 Med: 0.11 Max: 0.54
Current: 0.54

During the past 13 years, the highest Debt-to-EBITDA Ratio of Cognex was 0.54. The lowest was 0.08. And the median was 0.11.

CGNX's Debt-to-EBITDA is ranked better than
75.14% of 1730 companies
in the Hardware industry
Industry Median: 1.795 vs CGNX: 0.54

Cognex Debt-to-EBITDA Historical Data

The historical data trend for Cognex'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.

Cognex Debt-to-EBITDA Chart

Cognex Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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0.11

0.08

0.14

0.54

Cognex 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															0.16	0.37	0.26	0.52	1.17

Competitive Comparison of Cognex's Debt-to-EBITDA

For the Scientific & Technical Instruments subindustry, Cognex'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.

Cognex's Debt-to-EBITDA Distribution in the Hardware Industry

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

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

Cognex Debt-to-EBITDA Calculation

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

Cognex'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
	=	(9.624	+	68.977)	/	144.582
	=	0.54

Cognex'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
	=	(9.624	+	68.977)	/	67.496
	=	1.16

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.

Cognex (NAS:CGNX) 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.

Cognex Debt-to-EBITDA Related Terms

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

Cognex (Cognex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Cognex Corp (NAS:CGNX) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

CGNX:Mexico CGZ:Germany CGZ:Germany

Address

One Vision Drive, Natick, MA, USA, 01760-2059

Website

https://www.cognex.com

Cognex Corp provides machine vision products that help automate manufacturing processes. The firm's products include vision software, vision systems, vision sensors, and ID products. Vision software combines vision tools with a customer's own cameras and peripheral equipment and can help with several vision tasks, including part location, identification, measurement, and robotic guidance. Vision systems combine a camera, processor, and vision software into a single package. Vision sensors deliver simple, low-cost solutions for common vision applications, such as checking the size of parts. ID products read codes that have been applied to items during the manufacturing process. Cognex generates the largest proportion of its sales in the United States and Europe.

Executives

Angelos Papadimitriou	director	1 VISION DRIVE, NATICK MA 01760
Patrick Alias	director
Theodor Krantz	director	ONE VISION DRIVE, NATICK MA 01760
Joerg Kuechen	officer: Chief Technology Officer	1 VISION DRIVE, NATICK MA 01760
Paul Todgham	officer: SVP, CFO	1 VISION DRIVE, NATICK MA 01760
Anthony Sun	director	2494 SAND HILL RD, MENLO PARK CA 94025
Dianne M Parrotte	director	1 VISION DRIVE, NATICK MA 01760
John Tseng-chung Lee	director	90 INDUSTRIAL WAY, WILMINGTON MA 01887
Carl Gerst	officer: EVP, Vision & ID Products	1 VISION DRIVE, NATICK MA 01760
Marjorie T. Sennett	director	950 TOWER LANE, 6TH FLOOR, FOSTER CITY CA 94404
Jerry A. Schneider	director	ONE VISION DRIVE, NATICK MA 01760
Sachin Lawande	director	HARMAN INTERNATIONAL, 400 ATLANTIC STREET, SUITE 1500, STAMFORD CT 06901
Eugene G Banucci	director
Sheila Marie Dipalma	officer: SVP, Employee Services	1 VISION DRIVE, NATICK MA 01760
Robert Willett	officer: Executive Vice President	C/O COGNEX CORPORATION, ONE VISION DRIVE, NATICK MA 01760-2059