Tian Tu Capital Co (HKSE:01973) Debt-to-EBITDA : -3.33 (As of Jun. 2023)

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What is Tian Tu Capital Co Debt-to-EBITDA?

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

Tian Tu Capital Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$341.67 Mil. Tian Tu Capital Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$872.47 Mil. Tian Tu Capital Co's annualized EBITDA for the quarter that ended in Jun. 2023 was HK$-364.60 Mil. Tian Tu Capital Co's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 was -3.33.

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 Tian Tu Capital Co's Debt-to-EBITDA or its related term are showing as below:

HKSE:01973' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -6.75 Med: 2.32 Max: 3.65
Current: -6.75

During the past 4 years, the highest Debt-to-EBITDA Ratio of Tian Tu Capital Co was 3.65. The lowest was -6.75. And the median was 2.32.

HKSE:01973's Debt-to-EBITDA is ranked worse than
100% of 361 companies
in the Asset Management industry
Industry Median: 1.33 vs HKSE:01973: -6.75

Tian Tu Capital Co Debt-to-EBITDA Historical Data

The historical data trend for Tian Tu Capital Co'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.

Tian Tu Capital Co Debt-to-EBITDA Chart

Tian Tu Capital Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

1.73

2.32

3.65

-1.25

Tian Tu Capital Co Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial			-	N/A	-	-3.33	N/A

Competitive Comparison of Tian Tu Capital Co's Debt-to-EBITDA

For the Asset Management subindustry, Tian Tu Capital Co'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.

Tian Tu Capital Co's Debt-to-EBITDA Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Tian Tu Capital Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Tian Tu Capital Co's Debt-to-EBITDA falls into.

Tian Tu Capital Co Debt-to-EBITDA Calculation

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

Tian Tu Capital Co's Debt-to-EBITDA for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(125.59	+	1110.844)	/	339.087
	=	3.65

Tian Tu Capital Co's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(341.669	+	872.468)	/	-364.596
	=	-3.33

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 four times the quarterly (Jun. 2023) EBITDA data.

Tian Tu Capital Co (HKSE:01973) 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.

Tian Tu Capital Co Debt-to-EBITDA Related Terms

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

Tian Tu Capital Co (HKSE:01973) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tian Tu Capital Co Ltd (HKSE:01973) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

4068 Qiaoxiang Road, 23/Floor-2/3, Building B, Intelligence Plaza, Nanshan, Shenzhen, CHN

Website

http://www.tiantucapital.com

Tian Tu Capital Co Ltd is a leading private equity investor and fund manager committed to driving the growth of Chinese consumer brands and companies. It manages capital for institutional investors and high-net-worth individuals and makes investments through its funds under management and directly using its own capital.

Executives

Atrenew Inc.	2101 Beneficial owner
Liberty Yard Limited	2101 Beneficial owner
Wen Liyuan	2201 Interest of corporation controlled by you
Cao Minghui	2201 Interest of corporation controlled by you
Marvel Horizon Limited	2101 Beneficial owner
Yang Guang Bao Xian Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Qing Dao Hai Nuo Tou Zi Fa Zhan You Xian Gong Si	2101 Beneficial owner
Qing Dao Hai Ming Cheng Shi Fa Zhan You Xian Gong Si	2101 Beneficial owner
Chang Cheng Ji Jin Guan Li You Xian Gong Si	2301 Trustee
Qing Dao Jing Ji Ji Shu Kai Fa Qu Tou Zi Kong Gu Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Qing Dao Jing Ji Ji Shu Kai Fa Qu Jin Rong Tou Zi Ji Tuan You Xian Gong Si	2101 Beneficial owner
Shen Zhen Shi Fu Tian Yin Dao Ji Jin Tou Zi You Xian Gong Si	2101 Beneficial owner

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