Miramar Hotel & Investment Co (HKSE:00071) Debt-to-EBITDA : 0.10 (As of Dec. 2024)

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What is Miramar Hotel & Investment Co Debt-to-EBITDA?

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

Miramar Hotel & Investment Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was HK$46 Mil. Miramar Hotel & Investment Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was HK$48 Mil. Miramar Hotel & Investment Co's annualized EBITDA for the quarter that ended in Dec. 2024 was HK$998 Mil. Miramar Hotel & Investment Co's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2024 was 0.09.

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 Miramar Hotel & Investment Co's Debt-to-EBITDA or its related term are showing as below:

HKSE:00071' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0 Med: 0.13 Max: 0.82
Current: 0.1

During the past 13 years, the highest Debt-to-EBITDA Ratio of Miramar Hotel & Investment Co was 0.82. The lowest was 0.00. And the median was 0.13.

HKSE:00071's Debt-to-EBITDA is ranked better than
96.66% of 1256 companies
in the Real Estate industry
Industry Median: 6.055 vs HKSE:00071: 0.10

Miramar Hotel & Investment Co Debt-to-EBITDA Historical Data

The historical data trend for Miramar Hotel & Investment Co'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.

Miramar Hotel & Investment Co Debt-to-EBITDA Chart

Miramar Hotel & Investment Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-EBITDA

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0.18

0.16

0.06

0.10

Miramar Hotel & Investment Co Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Debt-to-EBITDA	Get a 7-Day Free Trial															0.14	0.09	0.05	0.11	0.10

Competitive Comparison of Miramar Hotel & Investment Co's Debt-to-EBITDA

For the Real Estate Services subindustry, Miramar Hotel & Investment Co'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.

Miramar Hotel & Investment Co's Debt-to-EBITDA Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Miramar Hotel & Investment Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Miramar Hotel & Investment Co's Debt-to-EBITDA falls into.

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Miramar Hotel & Investment Co Debt-to-EBITDA Calculation

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

Miramar Hotel & Investment Co's Debt-to-EBITDA for the fiscal year that ended in Dec. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(46.349	+	48.35)	/	1002.027
	=	0.09

Miramar Hotel & Investment Co's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(46.349	+	48.35)	/	997.634
	=	0.09

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. 2024) EBITDA data.

Miramar Hotel & Investment Co (HKSE:00071) 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.

Miramar Hotel & Investment Co Debt-to-EBITDA Related Terms

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

Miramar Hotel & Investment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Miramar Hotel & Investment Co Ltd (HKSE:00071) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

MMHTF:USA

Address

132 Nathan Road, 15th Floor, Mira Place Tower A, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.miramar-group.com

Miramar Hotel & Investment Co Ltd is an investment holding company. It operates in five segments: Property rental, which includes leasing of office and retail premises to generate rental income and to gain from the appreciation in properties values in the long term; Hotels & serviced apartments segment operates hotels and serviced apartments and provision of hotel management services; Food & beverage operation segment operates restaurants; Travel operation segment is engaged in the operation of travel agency services; and Others. Its geographical segments are Hong Kong and China, of which Hong Kong accounts for the majority of its revenue.

Executives

Lee Ka Shing	2501 Other
Lee Shau Kee	2501 Other
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Riddick (cayman) Limited	2301 Trustee
Rimmer (cayman) Limited	2301 Trustee

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