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Asia Financial Holdings (Asia Financial Holdings) Debt-to-EBITDA : 0.02 (As of Dec. 2023)


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What is Asia Financial Holdings Debt-to-EBITDA?

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

Asia Financial Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. Asia Financial Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.5 Mil. Asia Financial Holdings's annualized EBITDA for the quarter that ended in Dec. 2023 was $26.0 Mil. Asia Financial Holdings's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.02.

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 Asia Financial Holdings's Debt-to-EBITDA or its related term are showing as below:

AIFIF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.01   Med: 0.28   Max: 0.66
Current: 0.01

During the past 13 years, the highest Debt-to-EBITDA Ratio of Asia Financial Holdings was 0.66. The lowest was 0.01. And the median was 0.28.

AIFIF's Debt-to-EBITDA is ranked better than
99.67% of 299 companies
in the Insurance industry
Industry Median: 1.42 vs AIFIF: 0.01

Asia Financial Holdings Debt-to-EBITDA Historical Data

The historical data trend for Asia Financial 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.

Asia Financial Holdings Debt-to-EBITDA Chart

Asia Financial Holdings 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 0.23 - 0.01 0.03 0.01

Asia Financial Holdings 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 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 0.01 - 0.03 - 0.02

Competitive Comparison of Asia Financial Holdings's Debt-to-EBITDA

For the Insurance - Life subindustry, Asia Financial 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.


Asia Financial Holdings's Debt-to-EBITDA Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Asia Financial Holdings's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Asia Financial Holdings's Debt-to-EBITDA falls into.



Asia Financial Holdings Debt-to-EBITDA Calculation

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

Asia Financial Holdings'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
=(0 + 0.484) / 57.339
=0.01

Asia Financial Holdings'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
=(0 + 0.484) / 25.972
=0.02

* 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 two times the quarterly (Dec. 2023) EBITDA data.


Asia Financial Holdings  (GREY:AIFIF) 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.


Asia Financial Holdings Debt-to-EBITDA Related Terms

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


Asia Financial Holdings (Asia Financial Holdings) Business Description

Traded in Other Exchanges
Address
19 Des Voeux Road Central, 16th Floor, Worldwide House, Hong Kong, HKG
Asia Financial Holdings Ltd operates in the financial services industry of Hong Kong. Its key offering is comprised of insurance products ranging from general insurance to life insurance, which is provided through its subsidiaries of China. The company's segment include the Insurance segment engages in the provision of the underwriting of general and life insurance; the Corporate segment engages in securities trading and holding and other businesses. Majority of the revenue is derived from Insurance segment. Its revenue is derived from operations carried out in Hong Kong, Macau and Mainland China.

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