Honghua Group (HKSE:00196) Debt-to-EBITDA : -12.26 (As of Dec. 2023)

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What is Honghua Group Debt-to-EBITDA?

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

Honghua Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2,568 Mil. Honghua Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2,361 Mil. Honghua Group's annualized EBITDA for the quarter that ended in Dec. 2023 was HK$-402 Mil. Honghua Group's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -12.26.

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 Honghua Group's Debt-to-EBITDA or its related term are showing as below:

HKSE:00196' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1001.07 Med: 7.1 Max: 34.79
Current: -23.08

During the past 13 years, the highest Debt-to-EBITDA Ratio of Honghua Group was 34.79. The lowest was -1001.07. And the median was 7.10.

HKSE:00196's Debt-to-EBITDA is ranked worse than
100% of 727 companies
in the Oil & Gas industry
Industry Median: 1.77 vs HKSE:00196: -23.08

Honghua Group Debt-to-EBITDA Historical Data

The historical data trend for Honghua Group'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.

Honghua Group Debt-to-EBITDA Chart

Honghua Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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7.10

9.06

-10.09

-63.22

34.79

Honghua Group 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															-4.70	-6.35	-205.04	-224.21	-12.26

Competitive Comparison of Honghua Group's Debt-to-EBITDA

For the Oil & Gas Equipment & Services subindustry, Honghua Group'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.

Honghua Group's Debt-to-EBITDA Distribution in the Oil & Gas Industry

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

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

Honghua Group Debt-to-EBITDA Calculation

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

Honghua Group'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
	=	(2567.92	+	2360.776)	/	141.675
	=	34.79

Honghua Group'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
	=	(2567.92	+	2360.776)	/	-402.058
	=	-12.26

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.

Honghua Group (HKSE:00196) 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.

Honghua Group Debt-to-EBITDA Related Terms

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

Honghua Group (HKSE:00196) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Honghua Group Ltd (HKSE:00196) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

4HB:Germany

Address

99 East Road, Information Park, Jinniu District, Sichuan, Chengdu, CHN, 610036

Website

http://www.hh-gltd.com

Honghua Group Ltd is engaged in manufacturing drilling rigs, oil and gas exploitation equipment, providing drilling services and fracturing. It manufactures conventional land drilling rigs, digital drilling rigs, accessories for drilling rigs, as well as the parts and components for the drilling rigs or the maintenance of the drilling rigs in operation. Its segments include Land drilling rigs; Parts and components and others; Drilling engineering services; and Fracturing. It derives a majority of revenue from Parts and components and others segment. Geographically it operates in the PRC, Americas, Middle East, Europe and Central Asia, South Asia and South East, and Africa, of which prime revenue is derived from the PRC.

Executives

Tricor Equity Trustee Limited	2301 Trustee
Dongfang Electric Corporation	2201 Interest of corporation controlled by you
Dongfang Electric International Investment Co., Limited	2101 Beneficial owner
China Chengtong Holdings Group Limited	2201 Interest of corporation controlled by you
China Chengtong Hong Kong Company Limited	2201 Interest of corporation controlled by you
Ke Hua Ji Shu You Xian Gong Si	2101 Beneficial owner
Zhong Guo Hang Tian Ke Gong Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Shen Zhen Hang Tian Gong Ye Ji Shu Yan Jiu Yuan You Xian Gong Si	2201 Interest of corporation controlled by you
Wealth Afflux Limited	2201 Interest of corporation controlled by you
Yi Langlin	2202 Interest of your spouse
Zhang Mi	2307 Founder of a discretionary trust who can infl
Equity Trustee Limited	2201 Interest of corporation controlled by you
Ally Giant Limited	2101 Beneficial owner

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