Ming Shing Group Holdings (Ming Shing Group Holdings) Debt-to-EBITDA : 1.99 (As of Sep. 2023)

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What is Ming Shing Group Holdings Debt-to-EBITDA?

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

Ming Shing Group Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $2.98 Mil. Ming Shing Group Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $2.77 Mil. Ming Shing Group Holdings's annualized EBITDA for the quarter that ended in Sep. 2023 was $2.89 Mil. Ming Shing Group Holdings's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 was 1.99.

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 Ming Shing Group Holdings's Debt-to-EBITDA or its related term are showing as below:

MSW's Debt-to-EBITDA is not ranked ^*
in the Construction industry.
Industry Median: 2.315
* Ranked among companies with meaningful Debt-to-EBITDA only.

Ming Shing Group Holdings Debt-to-EBITDA Historical Data

The historical data trend for Ming Shing Group Holdings'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.

Ming Shing Group Holdings Debt-to-EBITDA Chart

Ming Shing Group Holdings Annual Data

Trend

Mar21

Mar22

Mar23

Debt-to-EBITDA

0.81

1.40

1.60

Ming Shing Group Holdings Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-EBITDA	Get a 7-Day Free Trial			-	0.99	0.87	2.19	1.99

Competitive Comparison of Ming Shing Group Holdings's Debt-to-EBITDA

For the Engineering & Construction subindustry, Ming Shing Group Holdings'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.

Ming Shing Group Holdings's Debt-to-EBITDA Distribution in the Construction Industry

For the Construction industry and Industrials sector, Ming Shing Group Holdings's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Ming Shing Group Holdings's Debt-to-EBITDA falls into.

Ming Shing Group Holdings Debt-to-EBITDA Calculation

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

Ming Shing Group Holdings'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
	=	(3.909	+	1.715)	/	3.516
	=	1.60

Ming Shing Group Holdings'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
	=	(2.978	+	2.765)	/	2.886
	=	1.99

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.

Ming Shing Group Holdings (NAS:MSW) 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.

Ming Shing Group Holdings Debt-to-EBITDA Related Terms

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

Ming Shing Group Holdings (Ming Shing Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ming Shing Group Holdings Ltd (NAS:MSW) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Tai Yau Street, 8th Floor, Cheong Tai Factory Building, San Po Kong, Kowloon, Hong Kong, HKG

Website

https://www.ms100.com.hk

Ming Shing Group Holdings Ltd is a holding company, which is primarily operated through its indirectly wholly-owned Hong Kong Operating Subsidiaries, MS (HK) Engineering Limited and MS Engineering Co., Limited. It is engaged in wet trades works, such as plastering works, tile laying works, brick laying works, floor screeding works and marble works. the company is mainly engaged in private-sector projects in Hong Kong. Its private sector projects mainly involve private residential developments and commercial developments. The project owners of its private sector projects are generally property developers, and its customers are generally main contractors and wet trades work subcontractors engaged under such projects.

Ming Shing Group Holdings (Ming Shing Group Holdings) Headlines

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