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Kingold Jewelry (Kingold Jewelry) Debt-to-EBITDA : 82.54 (As of Sep. 2019)


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What is Kingold Jewelry Debt-to-EBITDA?

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

Kingold Jewelry's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2019 was $1,494 Mil. Kingold Jewelry's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2019 was $702 Mil. Kingold Jewelry's annualized EBITDA for the quarter that ended in Sep. 2019 was $27 Mil. Kingold Jewelry's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2019 was 82.54.

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 Kingold Jewelry's Debt-to-EBITDA or its related term are showing as below:

KGJI's Debt-to-EBITDA is not ranked *
in the Retail - Cyclical industry.
Industry Median: 2.67
* Ranked among companies with meaningful Debt-to-EBITDA only.

Kingold Jewelry Debt-to-EBITDA Historical Data

The historical data trend for Kingold Jewelry'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.

Kingold Jewelry Debt-to-EBITDA Chart

Kingold Jewelry Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.72 2.77 10.05 14.67 8.20

Kingold Jewelry Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
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 10.04 7.92 10.72 8.71 82.54

Competitive Comparison of Kingold Jewelry's Debt-to-EBITDA

For the Luxury Goods subindustry, Kingold Jewelry'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.


Kingold Jewelry's Debt-to-EBITDA Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Kingold Jewelry's Debt-to-EBITDA distribution charts can be found below:

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



Kingold Jewelry Debt-to-EBITDA Calculation

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

Kingold Jewelry's Debt-to-EBITDA for the fiscal year that ended in Dec. 2018 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1107.648 + 888.805) / 243.455
=8.20

Kingold Jewelry's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2019 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1494.112 + 702.336) / 26.612
=82.54

* 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 (Sep. 2019) EBITDA data.


Kingold Jewelry  (GREY:KGJI) 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.


Kingold Jewelry Debt-to-EBITDA Related Terms

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


Kingold Jewelry (Kingold Jewelry) Business Description

Traded in Other Exchanges
N/A
Address
No. 8 Han Huang Road, Jiang'an District, Hubei Province, 15 Huangpu Science & Technology Park, Wuhan, CHN, 430023
Kingold Jewelry Inc designs and manufactures 24-karat gold jewelry and Chinese ornaments. The company along with its subsidiaries develops markets and sells products including gold necklaces, rings, earrings, bracelets, and pendants to the jewelry market in China. The company also sells gold bars and coins and other products through various banks in China. It derives most of its revenues from the sales of 24-karat jewelry and Chinese ornaments and from design and processing fees.
Executives
H. David Sherman director 38 HOMEWOOD ROAD, NEWTON MA 02468
Bin Liu officer: CHIEF FINANCIAL OFFICER 40 WALL STREET, 58TH FLOOR, NEW YORK NY 10005

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