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HLPPY (Hang Lung Properties) Debt-to-EBITDA : 10.79 (As of Jun. 2024)


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What is Hang Lung Properties Debt-to-EBITDA?

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

Hang Lung Properties's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $773 Mil. Hang Lung Properties's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $6,077 Mil. Hang Lung Properties's annualized EBITDA for the quarter that ended in Jun. 2024 was $635 Mil. Hang Lung Properties's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2024 was 10.79.

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 Hang Lung Properties's Debt-to-EBITDA or its related term are showing as below:

HLPPY' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -55.19   Med: 2.75   Max: 9.79
Current: 9.79

During the past 13 years, the highest Debt-to-EBITDA Ratio of Hang Lung Properties was 9.79. The lowest was -55.19. And the median was 2.75.

HLPPY's Debt-to-EBITDA is ranked worse than
64.92% of 1223 companies
in the Real Estate industry
Industry Median: 6.18 vs HLPPY: 9.79

Hang Lung Properties Debt-to-EBITDA Historical Data

The historical data trend for Hang Lung Properties'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.

Hang Lung Properties Debt-to-EBITDA Chart

Hang Lung Properties Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.02 -55.19 6.24 7.20 7.43

Hang Lung Properties Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.98 7.41 6.26 8.53 10.79

Competitive Comparison of Hang Lung Properties's Debt-to-EBITDA

For the Real Estate Services subindustry, Hang Lung Properties'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.


Hang Lung Properties's Debt-to-EBITDA Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Hang Lung Properties's Debt-to-EBITDA distribution charts can be found below:

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



Hang Lung Properties Debt-to-EBITDA Calculation

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

Hang Lung Properties'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
=(571.59 + 5956.363) / 879.024
=7.43

Hang Lung Properties'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
=(773.111 + 6076.697) / 634.572
=10.79

* 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.

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 (Jun. 2024) EBITDA data.


Hang Lung Properties  (OTCPK:HLPPY) 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.


Hang Lung Properties Debt-to-EBITDA Related Terms

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


Hang Lung Properties Business Description

Traded in Other Exchanges
Address
4 Des Voeux Road Central, 28th Floor, Standard Chartered Bank Building, Hong Kong, HKG
Hung Lung Properties primarily operates in Mainland China and Hong Kong where it develops and invests in a portfolio of commercial properties for rental income, as well as develop residential properties for sale. Most of its revenue is generated in China where it focuses on retail malls in Tier 1 and 2 cities such as Shanghai, Wuxi, Hangzhou, Wuhan, Kunming, Jinan, Dalian, Shenyang, and Tianjin. As such, investors view the company as a proxy for China's overall retail growth. The company is 63% owned by Hang Lung Group.