Folangsi Co (HKSE:02499) Debt-to-EBITDA : 2.85 (As of Dec. 2023)

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What is Folangsi Co Debt-to-EBITDA?

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

Folangsi Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$709 Mil. Folangsi Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,023 Mil. Folangsi Co's annualized EBITDA for the quarter that ended in Dec. 2023 was HK$607 Mil. Folangsi Co's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 2.85.

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

HKSE:02499' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.52 Med: 2.59 Max: 2.85
Current: 2.85

During the past 4 years, the highest Debt-to-EBITDA Ratio of Folangsi Co was 2.85. The lowest was 2.52. And the median was 2.59.

HKSE:02499's Debt-to-EBITDA is ranked worse than
65.45% of 165 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 2.05 vs HKSE:02499: 2.85

Folangsi Co Debt-to-EBITDA Historical Data

The historical data trend for Folangsi 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.

Folangsi Co Debt-to-EBITDA Chart

Folangsi Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

2.64

2.55

2.52

2.85

Folangsi Co Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Debt-to-EBITDA	2.64	2.55	2.52	2.85

Competitive Comparison of Folangsi Co's Debt-to-EBITDA

For the Farm & Heavy Construction Machinery subindustry, Folangsi 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.

Folangsi Co's Debt-to-EBITDA Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Folangsi Co's Debt-to-EBITDA distribution charts can be found below:

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

Folangsi Co Debt-to-EBITDA Calculation

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

Folangsi 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
	=	(708.774	+	1022.522)	/	607.229
	=	2.85

Folangsi 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
	=	(708.774	+	1022.522)	/	607.229
	=	2.85

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 one times the quarterly (Dec. 2023) EBITDA data.

Folangsi Co (HKSE:02499) 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.

Folangsi Co Debt-to-EBITDA Related Terms

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

Folangsi Co (HKSE:02499) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Folangsi Co Ltd (HKSE:02499) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 999, Yayun Avenue, Shiqi Town, Panyu District, Guangdong, Guangzhou, CHN, 511440

Website

https://www.fls123.com

Folangsi Co Ltd is a leading intralogistics equipment solution provider in China. Focusing on intralogistics equipment subscription services, It strives to provide enterprises with one-stop solutions for intralogistics equipment utilization and management. It also has an established presence in the industry, providing services that span the entire lifecycle of intralogistics equipment, including equipment subscription, repair and maintenance, and disposal.

Executives

Hou Zebing
Hou Zekuan
Guangzhou Daze Investment Partnership (limited Partnership)
Yin Junping	2201 Interest of corporation controlled by you
Shenzhen Xinyu Equity Investment Enterprise (limited Partnership)
Zhang Gaozhao
Li Yan	2201 Interest of corporation controlled by you
Shang Hai Ding Man Qi Ye Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Ding Xiao Qi Ye Guan Li Zi Xun Zhong Xin You Xian He Huo	2201 Interest of corporation controlled by you
Ning Bo Ding Ji Chuang Ye Tou Zi He Huo Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you
Su Zhou Zhong Ding Chuang Ye Er Hao Tou Zi Zhong Xin You Xian He Huo	2101 Beneficial owner

Folangsi Co (HKSE:02499) Headlines

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