China Ming Yang Wind Power Group (China Ming Yang Wind Power Group) Debt-to-EBITDA : 0.85 (As of Sep. 2015)

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What is China Ming Yang Wind Power Group Debt-to-EBITDA?

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

China Ming Yang Wind Power Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2015 was $84 Mil. China Ming Yang Wind Power Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2015 was $0 Mil. China Ming Yang Wind Power Group's annualized EBITDA for the quarter that ended in Sep. 2015 was $98 Mil. China Ming Yang Wind Power Group's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2015 was 0.85.

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 China Ming Yang Wind Power Group's Debt-to-EBITDA or its related term are showing as below:

MY's Debt-to-EBITDA is not ranked ^*
in the Industrial Products industry.
Industry Median: 1.7
* Ranked among companies with meaningful Debt-to-EBITDA only.

China Ming Yang Wind Power Group Debt-to-EBITDA Historical Data

The historical data trend for China Ming Yang Wind Power Group'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.

China Ming Yang Wind Power Group Debt-to-EBITDA Chart

China Ming Yang Wind Power Group Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Debt-to-EBITDA

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1.08

330.08

-7.67

2.39

2.58

China Ming Yang Wind Power Group Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15
Debt-to-EBITDA	Get a 7-Day Free Trial															-	2.64	2.33	0.85	2.63

Competitive Comparison of China Ming Yang Wind Power Group's Debt-to-EBITDA

For the Specialty Industrial Machinery subindustry, China Ming Yang Wind Power Group'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.

China Ming Yang Wind Power Group's Debt-to-EBITDA Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, China Ming Yang Wind Power Group's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where China Ming Yang Wind Power Group's Debt-to-EBITDA falls into.

China Ming Yang Wind Power Group Debt-to-EBITDA Calculation

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

China Ming Yang Wind Power Group's Debt-to-EBITDA for the fiscal year that ended in Dec. 2015 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(194.789	+	0)	/	75.403
	=	2.58

China Ming Yang Wind Power Group's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2015 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(83.689	+	0)	/	98.048
	=	0.85

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 (Sep. 2015) EBITDA data.

China Ming Yang Wind Power Group (NYSE:MY) 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.

China Ming Yang Wind Power Group Debt-to-EBITDA Related Terms

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

China Ming Yang Wind Power Group (China Ming Yang Wind Power Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China Ming Yang Wind Power Group Ltd (NYSE:MY) » Definitions » Debt-to-EBITDA

Traded in Other Exchanges

N/A

Address

Website

http://www.mywind.com.cn

China Ming Yang Wind Power Group Ltd founded in 2006. The Company is a wind turbine manufacturer in China, focusing on designing, manufacturing, selling and servicing megawatt-class wind turbines and the provision of related maintenance services in the People's Republic of China (the "PRC") and the Republic of India ("India"). Its current products consist of (i) basic models of wind turbines with a rated power capacity of 1.5MW, (ii) wind turbines with a rated power capacity of 2.0MW, and (iii) 2.5/3.0MW SCD wind turbines. Each product type may be installed with one of three rotor blade models depending on the location and wind conditions. 1.5MW wind turbines are widely used model in China. As of December 31, 2013, the Company had entered into sales contracts with 45 end customers to deliver 4,804 units of its wind turbines, representing wind power output of approximately 7,588.5MW. Its customers include five Chinese state-owned power producers, namely Huaneng, China Datang, Huadian, China Guodian Corporation, or Guodian, and China Power Investment Corporation, or CPIC, or their alternative energy subsidiaries, such as China Longyuan Power Group Corporation Limited, or Longyuan, a subsidiary of Guodian, and Datang Corporation Renewable Power Co., Limited, or Datang Renewable, a subsidiary of China Datang. The Company also sells wind turbines to regional alternative energy investment companies, regional power producers and wind farm operators in the private sector. Its facilities are currently located in Zhongshan, Tianjin, Jilin, Rudong, Dali, Inner Mongolia and Gansu (including Hami area) in China. The Company has two operating segments, which are manufacture and sale of wind turbines in PRC and the manufacture and sale of wind turbines in India. The Company competes with both domestic and international wind turbine manufacturers. Its domestic competitors include Sinovel, Goldwind, Dongfang Electric and United Power. Its key international competitors in China include Vestas from Denmark, Gamesa CorporaciÃ³n TecnolÃ³gica S.A. from Spain and GE Energy, the alternative energy arm of GE from the United States.In addition, the wind power industry also faces competition from conventional and non-wind power alternative energy technologies.

China Ming Yang Wind Power Group (China Ming Yang Wind Power Group) Headlines

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