Huaibei GreenGold Industry Investment Co (HKSE:02450) Debt-to-EBITDA : N/A (As of Jun. 2023)

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What is Huaibei GreenGold Industry Investment Co Debt-to-EBITDA?

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

Huaibei GreenGold Industry Investment Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$598.2 Mil. Huaibei GreenGold Industry Investment Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$315.6 Mil. Huaibei GreenGold Industry Investment Co's annualized EBITDA for the quarter that ended in Jun. 2023 was HK$0.0 Mil.

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 Huaibei GreenGold Industry Investment Co's Debt-to-EBITDA or its related term are showing as below:

HKSE:02450' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.22 Med: 1.77 Max: 7.63
Current: 7.63

During the past 5 years, the highest Debt-to-EBITDA Ratio of Huaibei GreenGold Industry Investment Co was 7.63. The lowest was 0.22. And the median was 1.77.

HKSE:02450's Debt-to-EBITDA is ranked worse than
86.67% of 315 companies
in the Building Materials industry
Industry Median: 2.18 vs HKSE:02450: 7.63

Huaibei GreenGold Industry Investment Co Debt-to-EBITDA Historical Data

The historical data trend for Huaibei GreenGold Industry Investment 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.

Huaibei GreenGold Industry Investment Co Debt-to-EBITDA Chart

Huaibei GreenGold Industry Investment Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

0.24

0.22

3.92

3.31

7.70

Huaibei GreenGold Industry Investment Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial				N/A	3.76	3.35	N/A	N/A

Competitive Comparison of Huaibei GreenGold Industry Investment Co's Debt-to-EBITDA

For the Building Materials subindustry, Huaibei GreenGold Industry Investment 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.

Huaibei GreenGold Industry Investment Co's Debt-to-EBITDA Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Huaibei GreenGold Industry Investment Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Huaibei GreenGold Industry Investment Co's Debt-to-EBITDA falls into.

Huaibei GreenGold Industry Investment Co Debt-to-EBITDA Calculation

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

Huaibei GreenGold Industry Investment 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
	=	(40.872	+	964.584)	/	304.243
	=	3.30

Huaibei GreenGold Industry Investment 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
	=	(598.155	+	315.556)	/	0
	=	N/A

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.

Huaibei GreenGold Industry Investment Co (HKSE:02450) 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.

Huaibei GreenGold Industry Investment Co Debt-to-EBITDA Related Terms

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

Huaibei GreenGold Industry Investment Co (HKSE:02450) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Huaibei GreenGold Industry Investment Co Ltd (HKSE:02450) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Taobo Road, 4th Floor, Shuangchuang Service Centre, Song Tuan Town, Lieshan District, Anhui Province, Huaibei, CHN

Website

http://www.ljgfjt.com

Huaibei GreenGold Industry Investment Co Ltd is a China-based company chiefly engaged in the production and sales of construction material products. The company's main products include aggregate products and concrete products. The aggregate products mainly include general materials, stone powder, 0.5-1 construction aggregate, 1-2 construction aggregate, and 1-3 construction aggregate. The concrete products mainly include ready-mixed concrete, cement-stabilized macadam, and asphalt concrete.

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