Seacon Shipping Group Holdings (HKSE:02409) Debt-to-EBITDA : 8.96 (As of Dec. 2023)

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What is Seacon Shipping Group Holdings Debt-to-EBITDA?

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

Seacon Shipping Group Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$290 Mil. Seacon Shipping Group Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,916 Mil. Seacon Shipping Group Holdings's annualized EBITDA for the quarter that ended in Dec. 2023 was HK$246 Mil. Seacon Shipping Group Holdings's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 8.96.

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 Seacon Shipping Group Holdings's Debt-to-EBITDA or its related term are showing as below:

HKSE:02409' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.48 Med: 3.98 Max: 4.91
Current: 4.91

During the past 5 years, the highest Debt-to-EBITDA Ratio of Seacon Shipping Group Holdings was 4.91. The lowest was 1.48. And the median was 3.98.

HKSE:02409's Debt-to-EBITDA is ranked worse than
72.81% of 857 companies
in the Transportation industry
Industry Median: 2.79 vs HKSE:02409: 4.91

Seacon Shipping Group Holdings Debt-to-EBITDA Historical Data

The historical data trend for Seacon Shipping Group 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.

Seacon Shipping Group Holdings Debt-to-EBITDA Chart

Seacon Shipping Group Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

4.90

3.98

1.90

1.48

4.73

Seacon Shipping Group Holdings Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-EBITDA	Get a 7-Day Free Trial			-	1.26	6.97	8.96	-

Competitive Comparison of Seacon Shipping Group Holdings's Debt-to-EBITDA

For the Marine Shipping subindustry, Seacon Shipping Group 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.

Seacon Shipping Group Holdings's Debt-to-EBITDA Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Seacon Shipping Group Holdings's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Seacon Shipping Group Holdings's Debt-to-EBITDA falls into.

Seacon Shipping Group Holdings Debt-to-EBITDA Calculation

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

Seacon Shipping Group 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
	=	(289.861	+	1916.134)	/	466.237
	=	4.73

Seacon Shipping Group Holdings'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
	=	(289.861	+	1916.134)	/	246.164
	=	8.96

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.

Seacon Shipping Group Holdings (HKSE:02409) 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.

Seacon Shipping Group Holdings Debt-to-EBITDA Related Terms

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

Seacon Shipping Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Seacon Shipping Group Holdings Ltd (HKSE:02409) » Definitions » Debt-to-EBITDA

Traded in Other Exchanges

K2N:Germany

Address

No. 20 Zhuzhou Road, Rooms 01 and 04, 23rd Floor, Block B, Building 3, Laoshan District, Shandong Province, Qingdao, CHN

Website

http://www.seacon.com

Seacon Shipping Group Holdings Ltd is an integrated shipping services provider. The company's comprehensive solutions include, 1) shipping services and 2) ship management services, covering each process along the value chain of the maritime shipping industry.

Executives

Tricor Equity Trustee Limited	2301 Trustee
Shining Friends Limited	2201 Interest of corporation controlled by you
Oceanic Flame Limited	2201 Interest of corporation controlled by you
Guo Jinkui	2501 Other
Li Xuyue	2202 Interest of your spouse
Jin Qiu Holding Ltd.	2101 Beneficial owner
Chen Meimei	2202 Interest of your spouse
Kaimei Holding Ltd.	2101 Beneficial owner
Jovial Alliance Limited	2101 Beneficial owner
Chen Zekai	2501 Other

Seacon Shipping Group Holdings Headlines

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