BYD Co (BYD Co) Debt-to-EBITDA : 1.00 (As of Dec. 2023)

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What is BYD Co Debt-to-EBITDA?

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

BYD Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,650 Mil. BYD Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2,916 Mil. BYD Co's annualized EBITDA for the quarter that ended in Dec. 2023 was $6,546 Mil. BYD Co's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 1.00.

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 BYD Co's Debt-to-EBITDA or its related term are showing as below:

BYDDF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.51 Med: 3.13 Max: 4.58
Current: 1.2

During the past 13 years, the highest Debt-to-EBITDA Ratio of BYD Co was 4.58. The lowest was 0.51. And the median was 3.13.

BYDDF's Debt-to-EBITDA is ranked better than
70.42% of 1038 companies
in the Vehicles & Parts industry
Industry Median: 2.36 vs BYDDF: 1.20

BYD Co Debt-to-EBITDA Historical Data

The historical data trend for BYD 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.

BYD Co Debt-to-EBITDA Chart

BYD Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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4.55

2.33

1.73

0.51

0.57

BYD Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial															0.59	1.57	0.78	0.55	1.00

Competitive Comparison of BYD Co's Debt-to-EBITDA

For the Auto Manufacturers subindustry, BYD 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.

BYD Co's Debt-to-EBITDA Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, BYD Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where BYD Co's Debt-to-EBITDA falls into.

BYD Co Debt-to-EBITDA Calculation

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

BYD 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
	=	(3650.277	+	2916.21)	/	11536.976
	=	0.57

BYD Co'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
	=	(3650.277	+	2916.21)	/	6545.624
	=	1.00

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 (Dec. 2023) EBITDA data.

BYD Co (OTCPK:BYDDF) 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.

BYD Co Debt-to-EBITDA Related Terms

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

BYD Co (BYD Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » BYD Co Ltd (OTCPK:BYDDF) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

BYDDY:USA 01211:Hong Kong 0VSO:UK BY6:Germany 002594:China BY6:Austria

Address

No. 3009, BYD Road, Pingshan, Guangdong Province, Shenzhen, CHN, 518118

Website

https://www.byd.com

Founded in 1995, BYD is a leading Chinese manufacturer in the design, development, and production of new energy vehicles, or NEVs. In March 2022, the firm discontinued production of internal combustion engine, or ICE, vehicles. Its products primarily target the growing midpriced mass-market segment in China's passenger vehicle market. The company sold more than 1.8 million passenger NEVs in 2022, accounting for about 28% of the Chinese passenger NEV market. Besides automobile production, the company is also engaged in handset components and assembly services, as well as the rechargeable battery and photovoltaics business. After more than 25 years of development, the company has established over 30 industrial parks worldwide.