China New Energy (HKSE:01156) Debt-to-EBITDA : -0.17 (As of Dec. 2023)

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What is China New Energy Debt-to-EBITDA?

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

China New Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$22.99 Mil. China New Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$12.49 Mil. China New Energy's annualized EBITDA for the quarter that ended in Dec. 2023 was HK$-203.69 Mil. China New Energy's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -0.17.

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 New Energy's Debt-to-EBITDA or its related term are showing as below:

HKSE:01156' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1.31 Med: 0.15 Max: 1.89
Current: -0.3

During the past 13 years, the highest Debt-to-EBITDA Ratio of China New Energy was 1.89. The lowest was -1.31. And the median was 0.15.

HKSE:01156's Debt-to-EBITDA is ranked worse than
100% of 727 companies
in the Oil & Gas industry
Industry Median: 1.77 vs HKSE:01156: -0.30

China New Energy Debt-to-EBITDA Historical Data

The historical data trend for China New Energy'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 New Energy Debt-to-EBITDA Chart

China New Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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0.45

0.37

1.89

-0.62

-0.32

China New Energy 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															-0.59	-1.68	-0.32	-1.09	-0.17

Competitive Comparison of China New Energy's Debt-to-EBITDA

For the Oil & Gas Equipment & Services subindustry, China New Energy'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 New Energy's Debt-to-EBITDA Distribution in the Oil & Gas Industry

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

* The bar in red indicates where China New Energy's Debt-to-EBITDA falls into.

China New Energy Debt-to-EBITDA Calculation

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

China New Energy'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
	=	(22.988	+	12.485)	/	-110.02
	=	-0.32

China New Energy'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
	=	(22.988	+	12.485)	/	-203.686
	=	-0.17

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.

China New Energy (HKSE:01156) 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 New Energy Debt-to-EBITDA Related Terms

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

China New Energy (HKSE:01156) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China New Energy Ltd (HKSE:01156) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

9H5:Germany

Address

No. 80, Lanyue Road, Unit 210, 2nd Floor, Science City, Comprehensive Service Building Science & Technology Innovation Base, Guangzhou High-tech Industrial Development Zone,, Guangzhou, CHN, 510640

Website

https://www.zkty.com.cn

China New Energy Ltd is a provider of bioenergy technology solutions. The Group is engaged in the provision of ethanol production system technology integrated services in the ethanol fuel and alcoholic beverage industries The company offers technology services to two industries: Ethanol fuel construction services and Alcoholic beverage construction services. It generates maximum revenue from the Ethanol fuel construction services streams. Geographically, it derives a majority of revenue from the PRC and also has a presence in Canada, Russia, Thailand, and Myanmar.

Executives

Best Full Investments Limited	2101 Beneficial owner
Han Jing	2202 Interest of your spouse
Liang Hongtao	2201 Interest of corporation controlled by you
Tang Zhaoxing	2201 Interest of corporation controlled by you
Zeng Fanghua	2202 Interest of your spouse
Tonzest Capital Holding Limited	2101 Beneficial owner
Tan Fengqiao	2202 Interest of your spouse
Yu Weijun	2101 Beneficial owner
Tewin Capital Holding Limited	2101 Beneficial owner
Chen Wan Ling	2201 Interest of corporation controlled by you
Kapok Capital Management Limited	2101 Beneficial owner
Jiang Xinchun	2101 Beneficial owner
Wang Yan	2202 Interest of your spouse
Jojo Global Investment Limited	2101 Beneficial owner

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