Sinic Holdings (Group) Co (HKSE:02103) Debt-to-EBITDA : 6.88 (As of Jun. 2021)

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What is Sinic Holdings (Group) Co Debt-to-EBITDA?

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

Sinic Holdings (Group) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2021 was HK$16,014 Mil. Sinic Holdings (Group) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2021 was HK$18,755 Mil. Sinic Holdings (Group) Co's annualized EBITDA for the quarter that ended in Jun. 2021 was HK$5,053 Mil. Sinic Holdings (Group) Co's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2021 was 6.88.

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 Sinic Holdings (Group) Co's Debt-to-EBITDA or its related term are showing as below:

HKSE:02103's Debt-to-EBITDA is not ranked ^*
in the Real Estate industry.
Industry Median: 5.98
* Ranked among companies with meaningful Debt-to-EBITDA only.

Sinic Holdings (Group) Co Debt-to-EBITDA Historical Data

The historical data trend for Sinic Holdings (Group) 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.

Sinic Holdings (Group) Co Debt-to-EBITDA Chart

Sinic Holdings (Group) Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Debt-to-EBITDA

20.06

14.27

9.57

3.93

4.99

Sinic Holdings (Group) Co Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
Debt-to-EBITDA	Get a 7-Day Free Trial			-	2.76	5.91	4.33	6.88

Competitive Comparison of Sinic Holdings (Group) Co's Debt-to-EBITDA

For the Real Estate - Development subindustry, Sinic Holdings (Group) 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.

Sinic Holdings (Group) Co's Debt-to-EBITDA Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Sinic Holdings (Group) Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Sinic Holdings (Group) Co's Debt-to-EBITDA falls into.

Sinic Holdings (Group) Co Debt-to-EBITDA Calculation

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

Sinic Holdings (Group) Co's Debt-to-EBITDA for the fiscal year that ended in Dec. 2020 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(16123.402	+	17656.382)	/	6764.142
	=	4.99

Sinic Holdings (Group) Co's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2021 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(16013.877	+	18755.396)	/	5053.14
	=	6.88

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. 2021) EBITDA data.

Sinic Holdings (Group) Co (HKSE:02103) 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.

Sinic Holdings (Group) Co Debt-to-EBITDA Related Terms

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

Sinic Holdings (Group) Co (HKSE:02103) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sinic Holdings (Group) Co Ltd (HKSE:02103) » Definitions » Debt-to-EBITDA

Traded in Other Exchanges

N/A

Address

No. 988 ShenChang Road, 7th Floor, HongQiao Vanke Center T6, MinHang District, Shanghai, CHN

Website

http://www.sinicdc.com

Sinic Holdings (Group) Co Ltd is a Cayman Islands-based property developer. It is engaged in the development of residential and commercial properties. The company offers property development, property leasing, and the provision of management consulting services. It generates revenue through the sale of properties and mainly operates in Mainland China.

Executives

Zhang Yuanlin	2101 Beneficial owner
Wu Chengping	2202 Interest of your spouse
Honoured Ever Oriental Holdings Limited	2201 Interest of corporation controlled by you
Sinic Group Company Limited	2201 Interest of corporation controlled by you
Sinic Holdings Group Company Limited	2101 Beneficial owner
Tmf (cayman) Ltd.	2301 Trustee
Xin Hong Company Limited	2201 Interest of corporation controlled by you

Sinic Holdings (Group) Co (HKSE:02103) Headlines

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