Ruichang International Holdings (HKSE:01334) Debt-to-EBITDA : 2.09 (As of Dec. 2023)

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What is Ruichang International Holdings Debt-to-EBITDA?

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

Ruichang International Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$145.7 Mil. Ruichang International Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$45.3 Mil. Ruichang International Holdings's annualized EBITDA for the quarter that ended in Dec. 2023 was HK$91.5 Mil. Ruichang International Holdings's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 2.09.

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 Ruichang International Holdings's Debt-to-EBITDA or its related term are showing as below:

HKSE:01334' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.64 Med: 2.09 Max: 2.43
Current: 2.09

During the past 3 years, the highest Debt-to-EBITDA Ratio of Ruichang International Holdings was 2.43. The lowest was 1.64. And the median was 2.09.

HKSE:01334's Debt-to-EBITDA is ranked worse than
56.18% of 2275 companies
in the Industrial Products industry
Industry Median: 1.7 vs HKSE:01334: 2.09

Ruichang International Holdings Debt-to-EBITDA Historical Data

The historical data trend for Ruichang International Holdings'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.

Ruichang International Holdings Debt-to-EBITDA Chart

Ruichang International Holdings Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-EBITDA

2.43

1.64

2.09

Ruichang International Holdings Semi-Annual Data
	Dec21	Dec22	Dec23
Debt-to-EBITDA	2.43	1.64	2.09

Competitive Comparison of Ruichang International Holdings's Debt-to-EBITDA

For the Specialty Industrial Machinery subindustry, Ruichang International Holdings'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.

Ruichang International Holdings's Debt-to-EBITDA Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ruichang International Holdings's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Ruichang International Holdings's Debt-to-EBITDA falls into.

Ruichang International Holdings Debt-to-EBITDA Calculation

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

Ruichang International Holdings'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
	=	(145.714	+	45.287)	/	91.498
	=	2.09

Ruichang International Holdings'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
	=	(145.714	+	45.287)	/	91.498
	=	2.09

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 one times the quarterly (Dec. 2023) EBITDA data.

Ruichang International Holdings (HKSE:01334) 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.

Ruichang International Holdings Debt-to-EBITDA Related Terms

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

Ruichang International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ruichang International Holdings Ltd (HKSE:01334) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qinzhou North Road, Room 201, 2nd Floor, No.1001, Xuhui District, Shanghai, CHN

Website

https://www.ruichang.com.cn

Ruichang International Holdings Ltd is a petroleum refinery and petrochemical equipment manufacturer. Its products are divided into four product categories, namely (i) SRU and VOCs incineration equipment; (ii) catalytic cracking equipment; (iii) process burners; and (iv) heat exchangers. The group also provides installation services for the equipment manufactured and ancillary facilities such as electrical erection work and mechanical erection work.

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