Reach New Holdings (HKSE:08471) Debt-to-EBITDA : N/A (As of Jun. 2024)

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What is Reach New Holdings Debt-to-EBITDA?

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

Reach New Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$1.47 Mil. Reach New Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$2.82 Mil. Reach New Holdings's annualized EBITDA for the quarter that ended in Jun. 2024 was HK$0.00 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 Reach New Holdings's Debt-to-EBITDA or its related term are showing as below:

HKSE:08471' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.73 Med: -0.04 Max: 0.67
Current: -0.19

During the past 9 years, the highest Debt-to-EBITDA Ratio of Reach New Holdings was 0.67. The lowest was -0.73. And the median was -0.04.

HKSE:08471's Debt-to-EBITDA is ranked worse than
100% of 814 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.615 vs HKSE:08471: -0.19

Reach New Holdings Debt-to-EBITDA Historical Data

The historical data trend for Reach New 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.

Reach New Holdings Debt-to-EBITDA Chart

Reach New Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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-0.73

0.67

-0.04

Reach New Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
Debt-to-EBITDA	Get a 7-Day Free Trial															-	-	-	-0.01	N/A

Competitive Comparison of Reach New Holdings's Debt-to-EBITDA

For the Textile Manufacturing subindustry, Reach New 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.

Reach New Holdings's Debt-to-EBITDA Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Reach New Holdings's Debt-to-EBITDA distribution charts can be found below:

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

Reach New Holdings Debt-to-EBITDA Calculation

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

Reach New 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
	=	(0.524	+	0.27)	/	-21.104
	=	-0.04

Reach New Holdings's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(1.469	+	2.824)	/	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. 2024) EBITDA data.

Reach New Holdings (HKSE:08471) 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.

Reach New Holdings Debt-to-EBITDA Related Terms

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

Reach New Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Reach New Holdings Ltd (HKSE:08471) » Definitions » Debt-to-EBITDA

Traded in Other Exchanges

N/A

Address

No. 6 Taihao Road, Sun Tin Lun Industrial Centre, Sandong Digital Industrial Park, Sandong Town, Guangdong Province, Huizhou, CHN

Website

http://www.sthl.com.hk

Reach New Holdings Ltd is a labelling solution provider and a one-stop garment accessories manufacturer and supplier based in China. The company is mainly engaged in the production of three types of products, which are Printed products such as hangtags, price tags and stickers; Woven labels such as woven brand labels, woven size labels and badges; and Printed labels such as printed brand labels, printed size labels and care content labels. The group's operations are located in the PRC.

Executives

Sha Xuanyi
Li Rongsheng
Lam Cheung Chuen
Neo Concept Holdings Limited	2101 Beneficial owner
Wong Ching Yuk	2202 Interest of your spouse

Reach New Holdings Headlines

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