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China Merchants Commercial REIT (HKSE:01503) Debt-to-EBITDA : -22.83 (As of Jun. 2024)


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What is China Merchants Commercial REIT Debt-to-EBITDA?

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

China Merchants Commercial REIT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$69.4 Mil. China Merchants Commercial REIT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$4,341.5 Mil. China Merchants Commercial REIT's annualized EBITDA for the quarter that ended in Jun. 2024 was HK$-193.2 Mil. China Merchants Commercial REIT's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2024 was -22.83.

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 Merchants Commercial REIT's Debt-to-EBITDA or its related term are showing as below:

HKSE:01503' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1536.2   Med: 4.85   Max: 43.67
Current: -28.58

During the past 8 years, the highest Debt-to-EBITDA Ratio of China Merchants Commercial REIT was 43.67. The lowest was -1536.20. And the median was 4.85.

HKSE:01503's Debt-to-EBITDA is ranked worse than
100% of 585 companies
in the REITs industry
Industry Median: 7.21 vs HKSE:01503: -28.58

China Merchants Commercial REIT Debt-to-EBITDA Historical Data

The historical data trend for China Merchants Commercial REIT'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 Merchants Commercial REIT Debt-to-EBITDA Chart

China Merchants Commercial REIT Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
Get a 7-Day Free Trial 43.67 4.85 5.01 -1,536.20 -101.37

China Merchants Commercial REIT Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 44.54 -44.63 158.12 -38.38 -22.83

Competitive Comparison of China Merchants Commercial REIT's Debt-to-EBITDA

For the REIT - Office subindustry, China Merchants Commercial REIT'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 Merchants Commercial REIT's Debt-to-EBITDA Distribution in the REITs Industry

For the REITs industry and Real Estate sector, China Merchants Commercial REIT's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where China Merchants Commercial REIT's Debt-to-EBITDA falls into.



China Merchants Commercial REIT Debt-to-EBITDA Calculation

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

China Merchants Commercial REIT'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
=(0 + 4433.878) / -43.74
=-101.37

China Merchants Commercial REIT's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(69.449 + 4341.509) / -193.21
=-22.83

* 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. 2024) EBITDA data.


China Merchants Commercial REIT  (HKSE:01503) 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 Merchants Commercial REIT Debt-to-EBITDA Related Terms

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


China Merchants Commercial REIT Business Description

Traded in Other Exchanges
Address
China Merchants Tower, Shun Tak Centre, Room 2603-2606, 26th Floor, Connaught Road Central, Hong Kong, HKG, 168-200
China Merchants Commercial REIT and its subsidiaries are engaged in property investment. The operating business segments of the company are office buildings and shopping center. Its properties include New Times Plaza, Cyberport Building, Technology Building, Garden City Shopping Centre, and Technology Building 2 among others.
Executives
Pacific Asset Management Co., Ltd. 2501 Other
China Merchants Group Limited 2201 Interest of corporation controlled by you
China Merchants Shekou Industrial Zone Holdings Company Limited 2201 Interest of corporation controlled by you
Eureka Investment Company Limited 2101 Beneficial owner
Hsbc International Trustee Limited 2301 Trustee
Cwl Assets (ptc) Limited 2301 Trustee
K. Wah Properties (holdings) Limited 2201 Interest of corporation controlled by you
Polymate Co., Ltd. 2201 Interest of corporation controlled by you
Premium Capital Profits Limited 2101 Beneficial owner
Star Ii Limited 2201 Interest of corporation controlled by you

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