China Qinfa Group (HKSE:00866) Debt-to-EBITDA : 6.59 (As of Dec. 2023)

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What is China Qinfa Group Debt-to-EBITDA?

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

China Qinfa Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2,056 Mil. China Qinfa Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,856 Mil. China Qinfa Group's annualized EBITDA for the quarter that ended in Dec. 2023 was HK$593 Mil. China Qinfa Group's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 6.59.

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 China Qinfa Group's Debt-to-EBITDA or its related term are showing as below:

HKSE:00866' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -16.93 Med: 1.45 Max: 13.77
Current: 6.66

During the past 13 years, the highest Debt-to-EBITDA Ratio of China Qinfa Group was 13.77. The lowest was -16.93. And the median was 1.45.

HKSE:00866's Debt-to-EBITDA is ranked worse than
88.89% of 108 companies
in the Other Energy Sources industry
Industry Median: 1.225 vs HKSE:00866: 6.66

China Qinfa Group Debt-to-EBITDA Historical Data

The historical data trend for China Qinfa Group'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.

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China Qinfa Group Debt-to-EBITDA Chart

China Qinfa Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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5.29

-1.33

0.73

1.77

2.45

China Qinfa Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	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															0.50	2.82	4.27	6.73	6.59

Competitive Comparison of China Qinfa Group's Debt-to-EBITDA

For the Thermal Coal subindustry, China Qinfa Group'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.

China Qinfa Group's Debt-to-EBITDA Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, China Qinfa Group's Debt-to-EBITDA distribution charts can be found below:

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

China Qinfa Group Debt-to-EBITDA Calculation

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

China Qinfa Group'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
	=	(2055.88	+	1856.403)	/	1596.389
	=	2.45

China Qinfa Group'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
	=	(2055.88	+	1856.403)	/	593.46
	=	6.59

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.

China Qinfa Group (HKSE:00866) 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.

China Qinfa Group Debt-to-EBITDA Related Terms

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

China Qinfa Group (HKSE:00866) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » China Qinfa Group Ltd (HKSE:00866) » Definitions » Debt-to-EBITDA

Traded in Other Exchanges

N/A

Address

No. 1 Pazhou Avenue East, Unit Nos. 2201 to 2208, Level 22, South Tower, Poly International Plaza, Haizhu District, Guangzhou, CHN

Website

http://www.qinfagroup.com

China Qinfa Group Ltd is a Hong-Kong based firm engaged in coal operation business involving coal mining, purchases and sales, filtering, storage, the blending of coal in the PRC, and shipping transportation. The company operates its business through two segments namely Coal and Shipping transportation segments. Coal business segment covers coal mining, purchases and sales, filtering, storage and blending of coal in the PRC, and Shipping transportation segment provides services of time charter and voyage charter of vessels. It has a business presence in the PRC and other countries, of which the majority of the revenue is generated within the PRC.

China Qinfa Group (HKSE:00866) Headlines

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