CIMC Enric Holdings (CIMC Enric Holdings) Debt-to-EBITDA : 1.80 (As of Jun. 2023)

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What is CIMC Enric Holdings Debt-to-EBITDA?

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

CIMC Enric Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $130 Mil. CIMC Enric Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $255 Mil. CIMC Enric Holdings's annualized EBITDA for the quarter that ended in Jun. 2023 was $214 Mil. CIMC Enric Holdings's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 was 1.80.

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

CIMEF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -5.35 Med: 0.94 Max: 1.9
Current: 1.8

During the past 13 years, the highest Debt-to-EBITDA Ratio of CIMC Enric Holdings was 1.90. The lowest was -5.35. And the median was 0.94.

CIMEF's Debt-to-EBITDA is ranked worse than
52.57% of 721 companies
in the Oil & Gas industry
Industry Median: 1.7 vs CIMEF: 1.80

CIMC Enric Holdings Debt-to-EBITDA Historical Data

The historical data trend for CIMC Enric 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.

CIMC Enric Holdings Debt-to-EBITDA Chart

CIMC Enric Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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0.76

0.97

1.26

1.16

1.80

CIMC Enric 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															1.43	1.81	1.26	1.80	1.79

Competitive Comparison of CIMC Enric Holdings's Debt-to-EBITDA

For the Oil & Gas Equipment & Services subindustry, CIMC Enric 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.

CIMC Enric Holdings's Debt-to-EBITDA Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, CIMC Enric Holdings's Debt-to-EBITDA distribution charts can be found below:

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

CIMC Enric Holdings Debt-to-EBITDA Calculation

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

CIMC Enric Holdings's Debt-to-EBITDA for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(76.905	+	231.455)	/	266.642
	=	1.16

CIMC Enric Holdings's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(129.958	+	254.745)	/	213.738
	=	1.80

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 (Jun. 2023) EBITDA data.

CIMC Enric Holdings (OTCPK:CIMEF) 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.

CIMC Enric Holdings Debt-to-EBITDA Related Terms

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

CIMC Enric Holdings (CIMC Enric Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CIMC Enric Holdings Ltd (OTCPK:CIMEF) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

03899:Hong Kong E8F:Germany

Address

CIMC R&D Center, third floor, No. 2 Gangwan Avenue, Shekou Industrial Zone, Nanshan District, Guangdong, Shenzhen, CHN

Website

https://www.enricgroup.com

CIMC Enric Holdings Ltd is engaged in the design, development, manufacturing, engineering, and sales of transportation, storage, and processing equipment. It is also involved in the provision of technical maintenance services. The company operates through three segments. The clean energy segment specializes in the manufacture and sale of a wide range of equipment for the storage, transportation, processing, and distribution of natural gas. Chemical and environmental segment specializes in the manufacture and sale of a wide range of equipment, such as tank containers, for the storage and transportation of liquefied or gasified chemicals. The liquid food segment specializes in the engineering, manufacture, and sale of stainless-steel tanks for storage and processing liquid food.