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Sound Global (HKSE:00967) Debt-to-EBITDA : 6.66 (As of Jun. 2019)


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What is Sound Global Debt-to-EBITDA?

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

Sound Global's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2019 was HK$3,791 Mil. Sound Global's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2019 was HK$8,316 Mil. Sound Global's annualized EBITDA for the quarter that ended in Jun. 2019 was HK$1,817 Mil. Sound Global's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2019 was 6.66.

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 Sound Global's Debt-to-EBITDA or its related term are showing as below:

HKSE:00967's Debt-to-EBITDA is not ranked *
in the Utilities - Regulated industry.
Industry Median: 3.66
* Ranked among companies with meaningful Debt-to-EBITDA only.

Sound Global Debt-to-EBITDA Historical Data

The historical data trend for Sound Global'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.

Sound Global Debt-to-EBITDA Chart

Sound Global Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.76 4.30 6.20 13.09 -48.37

Sound Global Semi-Annual Data
Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.91 93.71 6.70 -5.67 6.66

Competitive Comparison of Sound Global's Debt-to-EBITDA

For the Utilities - Regulated Water subindustry, Sound Global'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.


Sound Global's Debt-to-EBITDA Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Sound Global's Debt-to-EBITDA distribution charts can be found below:

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



Sound Global Debt-to-EBITDA Calculation

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

Sound Global's Debt-to-EBITDA for the fiscal year that ended in Dec. 2018 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(6598.754 + 6103.351) / -262.628
=-48.37

Sound Global's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2019 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(3790.55 + 8315.699) / 1817.006
=6.66

* 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 two times the quarterly (Jun. 2019) EBITDA data.


Sound Global  (HKSE:00967) 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.


Sound Global Debt-to-EBITDA Related Terms

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


Sound Global (HKSE:00967) Business Description

Traded in Other Exchanges
N/A
Address
460 Alexandra Road, Fragrance Empire Building Number 04-03, Singapore, SGP, 119962
Sound Global Ltd is a utilities service provider. Its business mainly involves the provision of water supply and wastewater treatment solutions. The group develops proprietary technologies and customizes them into effective turnkey solutions for industrial and municipal projects. It is engaged in three operating segments, namely Turnkey Projects and Services, which is the key revenue generator; Equipment Fabrications; and Operations and maintenance of water supply and wastewater treatment facilities.
Executives
Century Plus Limited 2101 Beneficial owner
China Cinda Asset Management Co., Ltd. 2201 Interest of corporation controlled by you
Cinda Investment Co., Ltd. 2201 Interest of corporation controlled by you
Cui Wanlin 2201 Interest of corporation controlled by you
Jin Si Fang Investment (beijing) Company Limited 2201 Interest of corporation controlled by you
Ningbo Meishan Baoshuigangqu Jinxin Tairun Investment Partnership (limited Partnership) 2201 Interest of corporation controlled by you
Hainan Jianxin Investment Management Co., Ltd. 2201 Interest of corporation controlled by you
Wen Yibo 2201 Interest of corporation controlled by you
Zhang Huiming 2202 Interest of your spouse
Sound Water (bvi) Limited 2101 Beneficial owner
Changxing Sound Investment Partnership (limited Partnership) 2106 Person having a security interest in shares
Shoutai Jinxin (beijing ) Fund Investment & Management Co. Ltd 2201 Interest of corporation controlled by you
Shoutai Jinxin (changxing) Investment & Management Co. Ltd. 2201 Interest of corporation controlled by you

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