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Shenzhen Fortune Trend Technology Co (SHSE:688318) Debt-to-EBITDA : 0.54 (As of Mar. 2024)


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What is Shenzhen Fortune Trend Technology Co Debt-to-EBITDA?

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

Shenzhen Fortune Trend Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥121.3 Mil. Shenzhen Fortune Trend Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.7 Mil. Shenzhen Fortune Trend Technology Co's annualized EBITDA for the quarter that ended in Mar. 2024 was ¥226.6 Mil. Shenzhen Fortune Trend Technology Co's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 0.54.

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 Shenzhen Fortune Trend Technology Co's Debt-to-EBITDA or its related term are showing as below:

SHSE:688318' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.01   Med: 0.02   Max: 0.32
Current: 0.32

During the past 13 years, the highest Debt-to-EBITDA Ratio of Shenzhen Fortune Trend Technology Co was 0.32. The lowest was 0.01. And the median was 0.02.

SHSE:688318's Debt-to-EBITDA is ranked better than
72.76% of 1608 companies
in the Software industry
Industry Median: 1.06 vs SHSE:688318: 0.32

Shenzhen Fortune Trend Technology Co Debt-to-EBITDA Historical Data

The historical data trend for Shenzhen Fortune Trend Technology Co'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.

Shenzhen Fortune Trend Technology Co Debt-to-EBITDA Chart

Shenzhen Fortune Trend Technology Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.02 0.01 0.02 0.01

Shenzhen Fortune Trend Technology Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.02 0.01 0.50 - 0.54

Competitive Comparison of Shenzhen Fortune Trend Technology Co's Debt-to-EBITDA

For the Software - Application subindustry, Shenzhen Fortune Trend Technology Co'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.

Shenzhen Fortune Trend Technology Co's Debt-to-EBITDA Distribution in the Software Industry

For the Software industry and Technology sector, Shenzhen Fortune Trend Technology Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Shenzhen Fortune Trend Technology Co's Debt-to-EBITDA falls into.


Shenzhen Fortune Trend Technology Co Debt-to-EBITDA Calculation

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

Shenzhen Fortune Trend Technology Co'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
=(1.262 + 0.974) / 363.021
=0.01

Shenzhen Fortune Trend Technology Co's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(121.262 + 0.711) / 226.636
=0.54

* 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.

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 four times the quarterly (Mar. 2024) EBITDA data.

Shenzhen Fortune Trend Technology Co  (SHSE:688318) 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.

Shenzhen Fortune Trend Technology Co Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Shenzhen Fortune Trend Technology Co's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

Shenzhen Fortune Trend Technology Co (SHSE:688318) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Shenzhen Fortune Trend Technology Co Ltd (SHSE:688318) » Definitions » Debt-to-EBITDA
Comparable Companies
SZSE:002373 SHSE:603927 SHSE:688568 SZSE:300212 SZSE:000997 SZSE:002065 SZSE:300682 SHSE:600271 SZSE:300002 SHSE:688343 CRM XTER:SAP INTU NOW UBER CDNS SHOP WDAY XPAR:DSY ROP
Traded in Other Exchanges
N/A
Address
No. 10 Kaifeng Road, Meilin Street, Room 808, 8th Floor, Huachao Building, Meilin Community, Guangdong, Futian District, Shenzhen, CHN, 518049
Website
https://www.tdx.com.cn
Shenzhen Fortune Trend Technology Co Ltd is engaged in research and development of securities analysis systems and computer communication systems. It provides securities investment analysis system for securities institutions and investors under the brand Tongdaxin. Tongdaxin's well-known online trading products are: China Merchants Securities Zhiyuan One Account, Guoxin Securities Golden Sun Edition, CITIC Securities Zhixin All-rounder, GF Securities Financial Terminal, Galaxy Securities Neptune, Guotai Junan Securities Fuyi, among others.
Executives
Shen Zhi Kun Core technical personnel
Wu Huo Sheng Core technical personnel
Sun Kui Core technical personnel
Bao Wei Core technical personnel

Shenzhen Fortune Trend Technology Co (SHSE:688318) Headlines

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