Changjiu Holdings (HKSE:06959) Debt-to-EBITDA : 0.20 (As of Dec. 2023)

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What is Changjiu Holdings Debt-to-EBITDA?

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

Changjiu Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$29.8 Mil. Changjiu Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.1 Mil. Changjiu Holdings's annualized EBITDA for the quarter that ended in Dec. 2023 was HK$148.9 Mil. Changjiu Holdings's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.20.

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

HKSE:06959' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.21 Med: 0.49 Max: 0.59
Current: 0.21

During the past 4 years, the highest Debt-to-EBITDA Ratio of Changjiu Holdings was 0.59. The lowest was 0.21. And the median was 0.49.

HKSE:06959's Debt-to-EBITDA is ranked better than
78.4% of 1616 companies
in the Software industry
Industry Median: 1.005 vs HKSE:06959: 0.21

Changjiu Holdings Debt-to-EBITDA Historical Data

The historical data trend for Changjiu 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.

Changjiu Holdings Debt-to-EBITDA Chart

Changjiu Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

0.44

0.54

0.59

0.21

Changjiu Holdings Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial			N/A	-	0.58	0.40	0.20

Competitive Comparison of Changjiu Holdings's Debt-to-EBITDA

For the Software - Application subindustry, Changjiu 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.

Changjiu Holdings's Debt-to-EBITDA Distribution in the Software Industry

For the Software industry and Technology sector, Changjiu Holdings's Debt-to-EBITDA distribution charts can be found below:

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

Changjiu Holdings Debt-to-EBITDA Calculation

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

Changjiu 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
	=	(29.776	+	0.091)	/	141.647
	=	0.21

Changjiu 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
	=	(29.776	+	0.091)	/	148.888
	=	0.20

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.

Changjiu Holdings (HKSE:06959) 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.

Changjiu Holdings Debt-to-EBITDA Related Terms

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

Changjiu Holdings (HKSE:06959) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Changjiu Holdings Ltd (HKSE:06959) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 99 Shigezhuang Road, Changjiu Building, Chaoyang, Beijing, CHN

Website

Changjiu Holdings Ltd provides pledged vehicle monitoring services and automobile dealership operation management services in China. It offers pledged vehicle monitoring services primarily to (i) financial institutions that provide secured financing to automobile dealerships for their purchase of vehicles; and (ii) automobile dealerships with pledged vehicles.

Executives

Bo Shijiu
Li Guiping
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Changjiu Holdings (HKSE:06959) Headlines

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