Hang Lung Properties (Hang Lung Properties) Debt-to-EBITDA : 8.53 (As of Dec. 2023)

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What is Hang Lung Properties Debt-to-EBITDA?

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

Hang Lung Properties's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $572 Mil. Hang Lung Properties's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5,956 Mil. Hang Lung Properties's annualized EBITDA for the quarter that ended in Dec. 2023 was $765 Mil. Hang Lung Properties's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 8.53.

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 Hang Lung Properties's Debt-to-EBITDA or its related term are showing as below:

HLPPF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -55.19 Med: 2.75 Max: 7.52
Current: 7.52

During the past 13 years, the highest Debt-to-EBITDA Ratio of Hang Lung Properties was 7.52. The lowest was -55.19. And the median was 2.75.

HLPPF's Debt-to-EBITDA is ranked worse than
58.72% of 1267 companies
in the Real Estate industry
Industry Median: 5.55 vs HLPPF: 7.52

Hang Lung Properties Debt-to-EBITDA Historical Data

The historical data trend for Hang Lung Properties'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.

Hang Lung Properties Debt-to-EBITDA Chart

Hang Lung Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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2.02

-55.19

6.24

7.20

7.43

Hang Lung Properties 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															6.99	6.98	7.41	6.26	8.53

Competitive Comparison of Hang Lung Properties's Debt-to-EBITDA

For the Real Estate Services subindustry, Hang Lung Properties'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.

Hang Lung Properties's Debt-to-EBITDA Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Hang Lung Properties's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Hang Lung Properties's Debt-to-EBITDA falls into.

Hang Lung Properties Debt-to-EBITDA Calculation

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

Hang Lung Properties'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
	=	(571.59	+	5956.363)	/	879.024
	=	7.43

Hang Lung Properties'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
	=	(571.59	+	5956.363)	/	764.936
	=	8.53

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.

Hang Lung Properties (OTCPK:HLPPF) 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.

Hang Lung Properties Debt-to-EBITDA Related Terms

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

Hang Lung Properties (Hang Lung Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hang Lung Properties Ltd (OTCPK:HLPPF) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

HLPPY:USA 00101:Hong Kong AOP:Germany

Address

4 Des Voeux Road Central, 28th Floor, Standard Chartered Bank Building, Hong Kong, HKG

Website

https://www.hanglung.com

Hung Lung Properties is the property arm of Hang Lung Group. The company primarily operates in Hong Kong and China where it develops and invests in a portfolio of commercial properties for rental income as well as develop residential properties for sale. Most of its revenue is generated in China where it focuses on retail malls in Tier 1 and 2 cities such as Shanghai, Wuxi, Hangzhou, Wuhan, Kunming Jinan, Dalian, Shenyang, and Tianjin. As such, investors view the company as a proxy for China's overall retail growth. The company is 59% owned by Hang Lung Group, and led by Ronnie Chan, who has been the chairman of the company since 1991.