Readboy Education Holding Co (HKSE:02385) Debt-to-EBITDA : -1.00 (As of Dec. 2023)

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What is Readboy Education Holding Co Debt-to-EBITDA?

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

Readboy Education Holding Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$62.9 Mil. Readboy Education Holding Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$2.4 Mil. Readboy Education Holding Co's annualized EBITDA for the quarter that ended in Dec. 2023 was HK$-65.1 Mil. Readboy Education Holding Co's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -1.00.

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 Readboy Education Holding Co's Debt-to-EBITDA or its related term are showing as below:

HKSE:02385' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1.19 Med: 0.04 Max: 1.4
Current: -1.19

During the past 5 years, the highest Debt-to-EBITDA Ratio of Readboy Education Holding Co was 1.40. The lowest was -1.19. And the median was 0.04.

HKSE:02385's Debt-to-EBITDA is ranked worse than
100% of 180 companies
in the Education industry
Industry Median: 1.69 vs HKSE:02385: -1.19

Readboy Education Holding Co Debt-to-EBITDA Historical Data

The historical data trend for Readboy Education Holding 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.

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Readboy Education Holding Co Debt-to-EBITDA Chart

Readboy Education Holding Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

0.14

0.01

1.40

0.04

-1.19

Readboy Education Holding Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial			1.22	-2.15	0.01	-1.38	-1.00

Competitive Comparison of Readboy Education Holding Co's Debt-to-EBITDA

For the Education & Training Services subindustry, Readboy Education Holding 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.

Readboy Education Holding Co's Debt-to-EBITDA Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Readboy Education Holding Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Readboy Education Holding Co's Debt-to-EBITDA falls into.

Readboy Education Holding Co Debt-to-EBITDA Calculation

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

Readboy Education Holding Co'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
	=	(62.904	+	2.403)	/	-54.735
	=	-1.19

Readboy Education Holding Co'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
	=	(62.904	+	2.403)	/	-65.098
	=	-1.00

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.

Readboy Education Holding Co (HKSE:02385) 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.

Readboy Education Holding Co Debt-to-EBITDA Related Terms

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

Readboy Education Holding Co (HKSE:02385) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Readboy Education Holding Co Ltd (HKSE:02385) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 38, Changyi Road, Wuguishan, Guangdong Province, Zhongshan, CHN

Website

https://www.readboy.com

Readboy Education Holding Co Ltd is an investment holding company engaged in the production and sale of personal student tablets, smart classroom solutions, wearable products, other products, and advertisement and content licensing in the People's Republic of China. The company has five operating segments; Production and sale of personal student tablets, Production and sale of smart classroom solutions, Production and sale of wearable products, Production and sale of other products, and Advertisement and content licensing. It derives a majority of its revenue from the production and sale of personal student tablets in the People's Republic of China.

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