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China Specialty Glass AG (FRA:8GS) Debt-to-EBITDA : 1.00 (As of Jun. 2014)


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What is China Specialty Glass AG Debt-to-EBITDA?

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

China Specialty Glass AG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2014 was €9.1 Mil. China Specialty Glass AG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2014 was €34.4 Mil. China Specialty Glass AG's annualized EBITDA for the quarter that ended in Jun. 2014 was €43.6 Mil. China Specialty Glass AG's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2014 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 China Specialty Glass AG's Debt-to-EBITDA or its related term are showing as below:

FRA:8GS's Debt-to-EBITDA is not ranked *
in the Business Services industry.
Industry Median: 1.92
* Ranked among companies with meaningful Debt-to-EBITDA only.

China Specialty Glass AG Debt-to-EBITDA Historical Data

The historical data trend for China Specialty Glass AG'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.

China Specialty Glass AG Debt-to-EBITDA Chart

China Specialty Glass AG Annual Data
Trend Dec10 Dec11 Dec12 Dec13
Debt-to-EBITDA
N/A 0.59 1.48 1.19

China Specialty Glass AG Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14
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 0.78 0.60 -2.45 1.59 1.00

Competitive Comparison of China Specialty Glass AG's Debt-to-EBITDA

For the Security & Protection Services subindustry, China Specialty Glass AG'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.


China Specialty Glass AG's Debt-to-EBITDA Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, China Specialty Glass AG's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where China Specialty Glass AG's Debt-to-EBITDA falls into.



China Specialty Glass AG Debt-to-EBITDA Calculation

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

China Specialty Glass AG's Debt-to-EBITDA for the fiscal year that ended in Dec. 2013 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(7.677 + 41.69) / 41.412
=1.19

China Specialty Glass AG's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2014 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(9.13 + 34.392) / 43.584
=1.00

* 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 (Jun. 2014) EBITDA data.


China Specialty Glass AG  (FRA:8GS) 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.


China Specialty Glass AG Debt-to-EBITDA Related Terms

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


China Specialty Glass AG (FRA:8GS) Business Description

Traded in Other Exchanges
N/A
Address
An den Romerhuegeln 1, Grunwald, DEU, 82031
China Specialty Glass AG is a glass manufacturer in China. It develops, produces and sells specialty glass under its Hing Wah brand. It operates into three business segments namely automotive security glass; bank security glass and construction glass.

China Specialty Glass AG (FRA:8GS) Headlines

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