Tongguan Gold Group (HKSE:00340) Debt-to-EBITDA : 4.07 (As of Dec. 2023)

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What is Tongguan Gold Group Debt-to-EBITDA?

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

Tongguan Gold Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$445 Mil. Tongguan Gold Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$120 Mil. Tongguan Gold Group's annualized EBITDA for the quarter that ended in Dec. 2023 was HK$139 Mil. Tongguan Gold Group's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 4.07.

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

HKSE:00340' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -4.41 Med: 0.98 Max: 76.31
Current: 5.81

During the past 13 years, the highest Debt-to-EBITDA Ratio of Tongguan Gold Group was 76.31. The lowest was -4.41. And the median was 0.98.

HKSE:00340's Debt-to-EBITDA is ranked worse than
75.8% of 533 companies
in the Metals & Mining industry
Industry Median: 2.04 vs HKSE:00340: 5.81

Tongguan Gold Group Debt-to-EBITDA Historical Data

The historical data trend for Tongguan Gold 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.

Tongguan Gold Group Debt-to-EBITDA Chart

Tongguan Gold Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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5.25

4.48

0.67

1.29

3.51

Tongguan Gold 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															0.87	2.47	2.07	2.81	4.07

Competitive Comparison of Tongguan Gold Group's Debt-to-EBITDA

For the Gold subindustry, Tongguan Gold 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.

Tongguan Gold Group's Debt-to-EBITDA Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Tongguan Gold Group's Debt-to-EBITDA distribution charts can be found below:

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

Tongguan Gold Group Debt-to-EBITDA Calculation

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

Tongguan Gold 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
	=	(445.422	+	119.937)	/	161.023
	=	3.51

Tongguan Gold 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
	=	(445.422	+	119.937)	/	139.066
	=	4.07

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.

Tongguan Gold Group (HKSE:00340) 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.

Tongguan Gold Group Debt-to-EBITDA Related Terms

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

Tongguan Gold Group (HKSE:00340) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tongguan Gold Group Ltd (HKSE:00340) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

12 Harcourt Road, Room 1306, 13th Floor, Bank of America Tower, Admiralty, Hong Kong, HKG

Website

http://www.tongguangold.com

Tongguan Gold Group Ltd operates as an investment holding company. It operates through one segment, the Gold mining operation, that engages in the exploration, mining, processing, and sale of gold concentrates and related products. All of its revenues come from the PRC.

Executives

Fung Wai Enterprises Ltd.	2101 Beneficial owner
Lin Eddie Chang	2201 Interest of corporation controlled by you
Goldbell Holdings Limited	2201 Interest of corporation controlled by you
Jiang Wei	2201 Interest of corporation controlled by you
Jin Ding Investment Limited	2201 Interest of corporation controlled by you
Qinlong Jinxin Mining Investment Limited	2101 Beneficial owner
Lam Yuk Ying	2101 Beneficial owner
Chen Dengguang	2101 Beneficial owner
Huang Aidong	2201 Interest of corporation controlled by you
Profit Linkage Enterprises Limited	2101 Beneficial owner
Golden Blossom Investment Limited	2101 Beneficial owner
Hu Jianzhong	2201 Interest of corporation controlled by you
Ho Ping Tanya	2101 Beneficial owner
Lin Yuhua	2201 Interest of corporation controlled by you
Supreme Success Group Limited	2101 Beneficial owner

Tongguan Gold Group (HKSE:00340) Headlines

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