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Prinx Chengshan Holdings (HKSE:01809) Debt-to-EBITDA : 0.94 (As of Jun. 2024)


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What is Prinx Chengshan Holdings Debt-to-EBITDA?

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

Prinx Chengshan Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$1,476 Mil. Prinx Chengshan Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$418 Mil. Prinx Chengshan Holdings's annualized EBITDA for the quarter that ended in Jun. 2024 was HK$2,015 Mil. Prinx Chengshan Holdings's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2024 was 0.94.

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

HKSE:01809' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.52   Med: 1.25   Max: 4.86
Current: 1.01

During the past 9 years, the highest Debt-to-EBITDA Ratio of Prinx Chengshan Holdings was 4.86. The lowest was 0.52. And the median was 1.25.

HKSE:01809's Debt-to-EBITDA is ranked better than
73.05% of 1050 companies
in the Vehicles & Parts industry
Industry Median: 2.365 vs HKSE:01809: 1.01

Prinx Chengshan Holdings Debt-to-EBITDA Historical Data

The historical data trend for Prinx Chengshan 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.

Prinx Chengshan Holdings Debt-to-EBITDA Chart

Prinx Chengshan Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only 1.19 1.31 4.86 3.75 1.25

Prinx Chengshan Holdings Semi-Annual Data
Dec15 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 Premium Member Only 10.54 5.80 3.13 1.33 0.94

Competitive Comparison of Prinx Chengshan Holdings's Debt-to-EBITDA

For the Auto Parts subindustry, Prinx Chengshan 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.


Prinx Chengshan Holdings's Debt-to-EBITDA Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Prinx Chengshan Holdings's Debt-to-EBITDA distribution charts can be found below:

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



Prinx Chengshan Holdings Debt-to-EBITDA Calculation

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

Prinx Chengshan 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
=(1951.972 + 384.012) / 1869.601
=1.25

Prinx Chengshan Holdings'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
=(1476.325 + 417.859) / 2015.124
=0.94

* 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.


Prinx Chengshan Holdings  (HKSE:01809) 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.


Prinx Chengshan Holdings Debt-to-EBITDA Related Terms

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


Prinx Chengshan Holdings Business Description

Traded in Other Exchanges
N/A
Address
No. 98 Nanshan North Road, Shandong Province, Rongcheng, CHN
Prinx Chengshan Holdings Ltd is a tire manufacturer. It sells its products under the brand name Prinx, Chengshan, Austone, and Fortune. Geographically, it generates maximum revenue from Mainland China but also has a presence in the Americas, Asia, Africa, the Middle East, and Other countries.
Executives
Zhong Guo Zhong Xing Qi Che Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Li Xiuxiang 2201 Interest of corporation controlled by you
Che Baozhen 2101 Beneficial owner
Che Hongzhi
Bi Wenjing 2202 Interest of your spouse
Shang Hai Cheng Zhan Xin Xi Ke Ji Zhong Xin 2201 Interest of corporation controlled by you
Bei Jing Zhong Ming Xin Tou Zi You Xian Gong Si 2201 Interest of corporation controlled by you
Cheng Shan Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Li Xiuxiang 2201 Interest of corporation controlled by you
Che Hongzhi 2202 Interest of your spouse
Che Baozhen 2201 Interest of corporation controlled by you
Red Avenue Investment Group Limited 2201 Interest of corporation controlled by you
Sino Legend Holding Group Limited 2101 Beneficial owner
Zhang Ning 2201 Interest of corporation controlled by you
Hua Qi Zhong Guo Hua Gong You Xian Gong Si 2201 Interest of corporation controlled by you

Prinx Chengshan Holdings Headlines

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