FIT Hon Teng (FIT Hon Teng) Debt-to-EBITDA : 3.44 (As of Dec. 2023)

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What is FIT Hon Teng Debt-to-EBITDA?

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

FIT Hon Teng's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,394 Mil. FIT Hon Teng's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $41 Mil. FIT Hon Teng's annualized EBITDA for the quarter that ended in Dec. 2023 was $417 Mil. FIT Hon Teng's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 3.44.

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 FIT Hon Teng's Debt-to-EBITDA or its related term are showing as below:

FITGF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.72 Med: 2.06 Max: 5.91
Current: 5.91

During the past 8 years, the highest Debt-to-EBITDA Ratio of FIT Hon Teng was 5.91. The lowest was 0.72. And the median was 2.06.

FITGF's Debt-to-EBITDA is ranked worse than
82.05% of 1738 companies
in the Hardware industry
Industry Median: 1.795 vs FITGF: 5.91

FIT Hon Teng Debt-to-EBITDA Historical Data

The historical data trend for FIT Hon Teng'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.

FIT Hon Teng Debt-to-EBITDA Chart

FIT Hon Teng Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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2.01

3.27

3.06

2.11

3.10

FIT Hon Teng Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial											4.14	5.63	3.32	21.11	3.44

Competitive Comparison of FIT Hon Teng's Debt-to-EBITDA

For the Electronic Components subindustry, FIT Hon Teng'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.

FIT Hon Teng's Debt-to-EBITDA Distribution in the Hardware Industry

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

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

FIT Hon Teng Debt-to-EBITDA Calculation

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

FIT Hon Teng'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
	=	(1393.961	+	41.308)	/	463.121
	=	3.10

FIT Hon Teng'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
	=	(1393.961	+	41.308)	/	417.046
	=	3.44

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 (Dec. 2023) EBITDA data.

FIT Hon Teng (OTCPK:FITGF) 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.

FIT Hon Teng Debt-to-EBITDA Related Terms

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

FIT Hon Teng (FIT Hon Teng) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » FIT Hon Teng Ltd (OTCPK:FITGF) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

06088:Hong Kong 0FJ:Germany

Address

66-1, Chungshan Road, Tucheng District, New Taipei Ciy, TWN, 23680

Website

https://www.fit-foxconn.com

FIT Hon Teng Ltd is a manufacturer of electronic components. It focuses on the development, manufacturing, and marketing of electronic and optoelectronic connectors, antennas, acoustic components, cables, and modules for applications in computers, communication equipment, consumer electronics, automobiles, and industrial and green energy field products. Geographically, the group has a business presence in the U.S., the PRC, Taiwan, Hong Kong, the United Kingdom, Singapore, Malaysia, and other countries, of which a majority of revenue is derived from the U.S. Its operating segments are Intermediate products and Consumer products.

FIT Hon Teng (FIT Hon Teng) Headlines

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