Wang On Group (HKSE:01222) Debt-to-EBITDA : 8.56 (As of Sep. 2023)

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What is Wang On Group Debt-to-EBITDA?

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

Wang On Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$3,598 Mil. Wang On Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$2,939 Mil. Wang On Group's annualized EBITDA for the quarter that ended in Sep. 2023 was HK$764 Mil. Wang On Group's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 was 8.56.

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

HKSE:01222' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.8 Med: 4.7 Max: 43.75
Current: 10.87

During the past 13 years, the highest Debt-to-EBITDA Ratio of Wang On Group was 43.75. The lowest was 1.80. And the median was 4.70.

HKSE:01222's Debt-to-EBITDA is ranked worse than
86.37% of 411 companies
in the Conglomerates industry
Industry Median: 3.37 vs HKSE:01222: 10.87

Wang On Group Debt-to-EBITDA Historical Data

The historical data trend for Wang On 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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Wang On Group Debt-to-EBITDA Chart

Wang On Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-EBITDA

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4.34

4.75

12.34

43.75

11.70

Wang On Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-EBITDA	Get a 7-Day Free Trial															15.49	-16.52	19.86	14.23	8.56

Competitive Comparison of Wang On Group's Debt-to-EBITDA

For the Conglomerates subindustry, Wang On 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.

Wang On Group's Debt-to-EBITDA Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Wang On Group's Debt-to-EBITDA distribution charts can be found below:

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

Wang On Group Debt-to-EBITDA Calculation

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

Wang On Group's Debt-to-EBITDA for the fiscal year that ended in Mar. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(3176.66	+	3069.908)	/	533.795
	=	11.70

Wang On Group's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(3597.646	+	2938.699)	/	763.672
	=	8.56

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 (Sep. 2023) EBITDA data.

Wang On Group (HKSE:01222) 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.

Wang On Group Debt-to-EBITDA Related Terms

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

Wang On Group (HKSE:01222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Wang On Group Ltd (HKSE:01222) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

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Address

39 Wang Kwong Road, Suite 3202, 32nd Floor, Skyline Tower, Kowloon Bay, Kowloon, Hong Kong, HKG

Website

https://www.wangon.com

Wang On Group Ltd is an investment holding company engaged in property development businesses. It operates in five business segments. The Property Development segment is engaged in the development of properties. The Property Investment segment is engaged in investment in industrial and commercial premises and residential units for rental or for sale. The Fresh markets segment is engaged in the management and sub-licensing of fresh markets and butchery business. The Pharmaceutical segment engages in the production and sale of pharmaceutical and health food products. The Treasury management segment engages in the provision of finance and investments in debt and other securities which earn interest income.

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