YH Entertainment Group (HKSE:02306) Debt-to-EBITDA : 2.43 (As of Dec. 2023)

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What is YH Entertainment Group Debt-to-EBITDA?

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

YH Entertainment Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$7.6 Mil. YH Entertainment Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$298.2 Mil. YH Entertainment Group's annualized EBITDA for the quarter that ended in Dec. 2023 was HK$125.8 Mil. YH Entertainment Group's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 2.43.

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 YH Entertainment Group's Debt-to-EBITDA or its related term are showing as below:

HKSE:02306' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -3.27 Med: 0.14 Max: 0.49
Current: -2.77

During the past 5 years, the highest Debt-to-EBITDA Ratio of YH Entertainment Group was 0.49. The lowest was -3.27. And the median was 0.14.

HKSE:02306's Debt-to-EBITDA is ranked worse than
100% of 666 companies
in the Media - Diversified industry
Industry Median: 1.69 vs HKSE:02306: -2.77

YH Entertainment Group Debt-to-EBITDA Historical Data

The historical data trend for YH Entertainment Group'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.

YH Entertainment Group Debt-to-EBITDA Chart

YH Entertainment Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

0.49

0.20

0.14

0.04

-3.27

YH Entertainment Group Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial			N/A	-	0.02	-0.24	2.43

Competitive Comparison of YH Entertainment Group's Debt-to-EBITDA

For the Entertainment subindustry, YH Entertainment Group'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.

YH Entertainment Group's Debt-to-EBITDA Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, YH Entertainment Group's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where YH Entertainment Group's Debt-to-EBITDA falls into.

YH Entertainment Group Debt-to-EBITDA Calculation

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

YH Entertainment Group'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
	=	(7.625	+	298.22)	/	-93.424
	=	-3.27

YH Entertainment Group'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
	=	(7.625	+	298.22)	/	125.78
	=	2.43

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.

YH Entertainment Group (HKSE:02306) 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.

YH Entertainment Group Debt-to-EBITDA Related Terms

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

YH Entertainment Group (HKSE:02306) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » YH Entertainment Group (HKSE:02306) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

YHEGF:USA

Address

No. 27 West Dawang Road, Room 150, Building 119, Chaoyang District, Beijing, CHN

Website

https://www.yuehuamusic.com

YH Entertainment Group is an artist management company in China. The company has grown into a cultural and entertainment platform comprising three complementary business segments artist management, music IP production and operation, and pan-entertainment business. The artist management business, provides services to customers, including corporate customers, media platforms, content producers, and advertising agencies, by arranging for managed artists to participate in commercial activities and perform in movies, drama series, and a variety of programs. With the music IP production and operation business, the company licenses the music IPs in the library to music streaming platforms and other music service providers for licensing fees and sells digital and physical copies of music IPs.

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