Huijing Holdings Co (HKSE:09968) Debt-to-EBITDA : -10.20 (As of Dec. 2023)

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What is Huijing Holdings Co Debt-to-EBITDA?

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

Huijing Holdings Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$5,389 Mil. Huijing Holdings Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$22 Mil. Huijing Holdings Co's annualized EBITDA for the quarter that ended in Dec. 2023 was HK$-531 Mil. Huijing Holdings Co's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -10.19.

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

HKSE:09968' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -10.49 Med: 2.41 Max: 4.79
Current: -10.17

During the past 8 years, the highest Debt-to-EBITDA Ratio of Huijing Holdings Co was 4.79. The lowest was -10.49. And the median was 2.41.

HKSE:09968's Debt-to-EBITDA is ranked worse than
100% of 1266 companies
in the Real Estate industry
Industry Median: 5.745 vs HKSE:09968: -10.17

Huijing Holdings Co Debt-to-EBITDA Historical Data

The historical data trend for Huijing Holdings 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.

Huijing Holdings Co Debt-to-EBITDA Chart

Huijing Holdings Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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1.57

1.87

3.57

-1.80

-10.49

Huijing Holdings Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial									4.74	-9.74	-0.98	-10.03	-10.20

Competitive Comparison of Huijing Holdings Co's Debt-to-EBITDA

For the Real Estate - Development subindustry, Huijing Holdings 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.

Huijing Holdings Co's Debt-to-EBITDA Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Huijing Holdings Co's Debt-to-EBITDA distribution charts can be found below:

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

Huijing Holdings Co Debt-to-EBITDA Calculation

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

Huijing Holdings 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
	=	(5388.894	+	21.975)	/	-516.026
	=	-10.49

Huijing Holdings 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
	=	(5388.894	+	21.975)	/	-530.752
	=	-10.19

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.

Huijing Holdings Co (HKSE:09968) 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.

Huijing Holdings Co Debt-to-EBITDA Related Terms

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

Huijing Holdings Co (HKSE:09968) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Huijing Holdings Co Ltd (HKSE:09968) » Definitions » Debt-to-EBITDA

Traded in Other Exchanges

N/A

Address

1, Beihuan Lu, Houjiezhen, Guangdong, Dongguan, CHN

Website

http://www.huijingholdings.com

Huijing Holdings Co Ltd is an integrated residential and commercial property developer in China. The company's property projects comprise residential property projects, integrated property projects and property projects promoting specific industry. Its residential properties include apartments, townhouses, mansions, and villas. Its commercial properties include retail outlets, shopping malls, offices, grant land contracts, and hotels. The Group is principally engaged in one single operating segment: Property development and investment business.

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