What is AXT's net debt / EBITDA?

AXT (AXTI) reported net debt / EBITDA of 10.3× in Q2 2023.

How has AXT's net debt / EBITDA changed year-over-year?

AXT's net debt / EBITDA increased by 687.8% year-over-year, from -1.8× to 10.3×.

What is the long-term trend for AXT's net debt / EBITDA?

Over 2 years (2020 to 2022), AXT's net debt / EBITDA has grown at a -72.4% compound annual growth rate (CAGR), from -8.4× to 0.6×.

What does net debt / EBITDA mean?

Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.

AXT AXTI Net debt / EBITDA

Net debt / EBITDA at other companies

Veeco InstrumentsVECO

2×+0.7×

EntegrisENTG

3.9×-0.1×

Applied MaterialsAMAT

0.7×+0.1×

KLA CorporationKLAC

1×-0.2×

Element SolutionsESI

3.9×+1.6×

Axcelis TechnologiesACLS

-0.7×+0.2×

Other financials

Income statement

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Revenue$26.9M+39.1%

Gross profit-$1.2M-120%

Operating income-$10.3M-207%

Net income-$1.5M+83.1%

EPS (diluted)-$0.20-300%

Balance sheet

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Cash & equivalents$41.8M+32.2%

Total debt$65.7M+23.6%

Total equity$274.9M+48.6%

Total assets$444.6M+33.3%

Cash flow

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Operating cash flow-$11.7M-249%

CapEx$1.4M+169%

Free cash flow-$13.1M-239%

Valuation

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Market cap$5.53B+4,825%

Enterprise value$5.56B+3,616%

P/S57.7×+56.5×

Profitability

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Gross margin17.2%-0.9pp

Operating margin-22.6%-2.5pp

Net margin-15.3%-2.5pp

FCF margin-30.5%—

Returns & leverage

See full

Return on equity-6.4%-1.6pp

Debt / equity0.2×0.0×

Current ratio2.6×+0.6×

Where this comes from

Calculated from AXT’s reported figures.

net debt/ebitda=10.3×

Based on the most recent quarter.

The official record: AXT’s 10-Q, filed August 9, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is AXT's net debt / EBITDA?: AXT (AXTI) reported net debt / EBITDA of 10.3× in Q2 2023.
How has AXT's net debt / EBITDA changed year-over-year?: AXT's net debt / EBITDA increased by 687.8% year-over-year, from -1.8× to 10.3×.
What is the long-term trend for AXT's net debt / EBITDA?: Over 2 years (2020 to 2022), AXT's net debt / EBITDA has grown at a -72.4% compound annual growth rate (CAGR), from -8.4× to 0.6×.
What does net debt / EBITDA mean?: Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.