Changchun Gas Co (SHSE:600333) Debt-to-EBITDA : -27.13 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:600333 Changchun Gas Co Ltd SHSE:600333
57 GF Score
Price ¥7.03
GF Value ¥5.94
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is Changchun Gas Co Debt-to-EBITDA?

Changchun Gas Co SHSE:600333 +3.84% 57 Debt-to-EBITDA is -27.13 as of Jun. 2026. GuruFocus rates SHSE:600333 with a GF Score™ of 57/100 and a GF Value™ of ¥5.94 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 451 Utilities - Regulated companies, Changchun Gas Co ranks worse than 94.68% on this metric.

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

Changchun Gas Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ¥1,288 Mil. Changchun Gas Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ¥1,375 Mil. Changchun Gas Co's annualized EBITDA for the quarter that ended in Jun. 2026 was ¥-98 Mil. Changchun Gas Co's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was -27.13.

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

SHSE:600333' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 5.14   Med: 8.04   Max: 17.72
Current: 17.72

During the past 13 years, the highest Debt-to-EBITDA Ratio of Changchun Gas Co was 17.72. The lowest was 5.14. And the median was 8.04.

SHSE:600333's Debt-to-EBITDA is ranked worse than
94.68% of 451 companies
in the Utilities - Regulated industry
Industry Median: 4.14 vs SHSE:600333: 17.72

Changchun Gas Co  (SHSE:600333) 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.


Changchun Gas Co Debt-to-EBITDA Related Terms


Changchun Gas Co Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Changchun Gas 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.

Changchun Gas Co Debt-to-EBITDA Chart

Changchun Gas Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.75 15.89 14.22 10.32 9.32

Changchun Gas Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 -17.98 40.69 6.20 13.69 -27.13

SHSE:600333 vs ATO, NI: Debt-to-EBITDA Comparison

For the Utilities - Regulated Gas subindustry, Changchun Gas 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.


Changchun Gas Co Debt-to-EBITDA vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Changchun Gas Co's Debt-to-EBITDA distribution charts can be found below:

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


SHSE:600333
57GF Score
Changchun Gas Co Ltd SHSE:600333
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Changchun Gas Co Debt-to-EBITDA Calculation

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

Changchun Gas Co's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1274.724 + 1418.482) / 288.896
=9.32

Changchun Gas Co's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1287.9 + 1374.772) / -98.156
=-27.13

* 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 four times the quarterly (Jun. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of -27.13 mean?
Changchun Gas Co (SHSE:600333) has a Debt-to-EBITDA of -27.13 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Changchun Gas Co. Over the past decade, Changchun Gas Co's Debt-to-EBITDA has ranged from 5.14 to 17.72. According to the industry distribution chart, Changchun Gas Co ranks #427 out of 451 companies in the Utilities - Regulated industry, placing it in the top 94.7%.
Is Changchun Gas Co's Debt-to-EBITDA too high?
Changchun Gas Co's current Debt-to-EBITDA is -27.13. Over the past 10 years, this metric has ranged from a low of 5.14 to a high of 17.72. Based on the distribution chart, Changchun Gas Co ranks #427 out of 451 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Changchun Gas Co has a GF Score™ of 57/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Changchun Gas Co's Debt-to-EBITDA compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Changchun Gas Co ranks #427 out of 451 companies for Debt-to-EBITDA. This places Changchun Gas Co in the lower half of its industry. The industry median Debt-to-EBITDA is 4.14. Historically, Changchun Gas Co's own Debt-to-EBITDA has ranged from 5.14 to 17.72 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for an Utilities - Regulated company?
The median Debt-to-EBITDA among Utilities - Regulated companies is 4.14, based on 451 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Changchun Gas Co. For the Utilities - Regulated industry, the median Debt-to-EBITDA is 4.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Changchun Gas Co's current Debt-to-EBITDA is -27.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Changchun Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Changchun Gas Co (SHSE:600333) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥5.94, compared to a current price of ¥7.03 — trading 18.4% above its estimated fair value. The current Debt-to-EBITDA is -27.13. Changchun Gas Co's overall GF Score™ is 57/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Changchun Gas Co (SHSE:600333), the current Debt-to-EBITDA is -27.13 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Changchun Gas Co (SHSE:600333) Overvalued in 2026?

Based on GuruFocus' analysis, Changchun Gas Co stock appears to be overvalued. The current stock price of ¥7.03 is trading 18.4% above its estimated GF Value™ of ¥5.94. GuruFocus considers Changchun Gas Co to be Modestly Overvalued.

Key valuation signals for SHSE:600333:

  • Debt-to-EBITDA: -27.13
  • GF Value™: ¥5.94 vs. price of ¥7.03 (18.4% above fair value)
  • GF Score™: 57/100 with 8 warning signs

No single metric tells the full story. See the SHSE:600333 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Changchun Gas Co Business Description

Address No. 421 Yan'an Street, Chaoyang District, Changchun, Jilin, CHN, 130061
Changchun Gas Co Ltd is engaged in the production and supply of gas in China. It engages in the production, sale, storage, transportation, and after-sales service of natural gas for automobiles; operation of gas filling stations. The company's business consists of Urban Pipeline Gas Supply, Municipal Engineering Construction, and Comprehensive Energy Services. The generates key revenue from Gas sales.
57GF Score

Get the complete analysis for SHSE:600333

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥7.03
Price
¥5.94
GF Value