ZX (HKSE:09890) Debt-to-EBITDA : 6.25 (As of Dec. 2023)

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What is ZX Debt-to-EBITDA?

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

ZX's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$3,347 Mil. ZX's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$168 Mil. ZX's annualized EBITDA for the quarter that ended in Dec. 2023 was HK$562 Mil. ZX's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 6.25.

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

HKSE:09890' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1.56 Med: 5.64 Max: 8.95
Current: 6.25

During the past 4 years, the highest Debt-to-EBITDA Ratio of ZX was 8.95. The lowest was -1.56. And the median was 5.64.

HKSE:09890's Debt-to-EBITDA is ranked worse than
89.57% of 278 companies
in the Interactive Media industry
Industry Median: 0.805 vs HKSE:09890: 6.25

ZX Debt-to-EBITDA Historical Data

The historical data trend for ZX'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.

ZX Debt-to-EBITDA Chart

ZX Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

-1.56

5.02

8.95

6.25

ZX Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Debt-to-EBITDA	-1.56	5.02	8.95	6.25

Competitive Comparison of ZX's Debt-to-EBITDA

For the Electronic Gaming & Multimedia subindustry, ZX'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.

ZX's Debt-to-EBITDA Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, ZX's Debt-to-EBITDA distribution charts can be found below:

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

ZX Debt-to-EBITDA Calculation

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

ZX'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
	=	(3346.865	+	167.543)	/	561.928
	=	6.25

ZX'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
	=	(3346.865	+	167.543)	/	561.928
	=	6.25

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.

ZX (HKSE:09890) 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.

ZX Debt-to-EBITDA Related Terms

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

ZX (HKSE:09890) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » ZX Inc (HKSE:09890) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 Olympic Stadium South Road, Tanwan Game Building, Building B, Synaesthesia Thinking Industrial Park, Tianhe, Guangdong, Guangzhou, CHN

Website

https://www.zx.com

ZX Inc is a publisher of online game products in China. It is devoted to marketing and operating online games (in particular mobile games) in China. The online games developed by its clients marketed and operated by the company are delivered to players under the Tan Wan brand. The company has enabled the marketing and operation of 11 game products for more than five years and 28 game products for more than three years.

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