JY Gas (HKSE:01407) Debt-to-EBITDA : 2.16 (As of Dec. 2023)

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What is JY Gas Debt-to-EBITDA?

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

JY Gas's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$44.0 Mil. JY Gas's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2.1 Mil. JY Gas's annualized EBITDA for the quarter that ended in Dec. 2023 was HK$21.3 Mil. JY Gas's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 2.16.

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 JY Gas's Debt-to-EBITDA or its related term are showing as below:

HKSE:01407' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.24 Med: 0.87 Max: 8.89
Current: 1.15

During the past 5 years, the highest Debt-to-EBITDA Ratio of JY Gas was 8.89. The lowest was 0.24. And the median was 0.87.

HKSE:01407's Debt-to-EBITDA is ranked better than
79.96% of 469 companies
in the Utilities - Regulated industry
Industry Median: 3.83 vs HKSE:01407: 1.15

JY Gas Debt-to-EBITDA Historical Data

The historical data trend for JY Gas'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.

JY Gas Debt-to-EBITDA Chart

JY Gas Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

8.89

2.46

0.38

0.24

0.87

JY Gas Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial			N/A	-	0.26	0.04	2.16

Competitive Comparison of JY Gas's Debt-to-EBITDA

For the Utilities - Regulated Gas subindustry, JY Gas'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.

JY Gas's Debt-to-EBITDA Distribution in the Utilities - Regulated Industry

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

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

JY Gas Debt-to-EBITDA Calculation

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

JY Gas'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
	=	(44.011	+	2.071)	/	53.042
	=	0.87

JY Gas'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
	=	(44.011	+	2.071)	/	21.338
	=	2.16

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.

JY Gas (HKSE:01407) 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.

JY Gas Debt-to-EBITDA Related Terms

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

JY Gas (HKSE:01407) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » JY Gas Ltd (HKSE:01407) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2568 Shi’an Road (West), 3rd Floor, Jiaoyun Group Building, Gaomi City, Weifang Municipality, Shandong Provinc, Weifang, CHN

Website

http://www.gmjytrq.com

JY Gas Ltd is a natural gas operator in Gaomi City, Weifang Municipality of Shandong Province. The company derives revenue from the sale of natural gas. Natural gas which it sells includes pipeline natural gas, compressed natural gas and liquefied natural gas. The sale of pipelined natural gas is its principal business.

Executives

Luan Xiaolong	2201 Interest of corporation controlled by you
Zhou Zhan	2202 Interest of your spouse
Lxl Phoenix Limited	2101 Beneficial owner
Cui Shuhua	2202 Interest of your spouse
Llj Phoenix Limited	2101 Beneficial owner
Luan Linjiang	2201 Interest of corporation controlled by you
Sdjy Holding Limited	2201 Interest of corporation controlled by you
Segm Holding Limited	2101 Beneficial owner

JY Gas (HKSE:01407) Headlines

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