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Zhejiang China Commodities City Group Co (SHSE:600415) Debt-to-EBITDA : 1.06 (As of Sep. 2024)


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What is Zhejiang China Commodities City Group Co Debt-to-EBITDA?

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

Zhejiang China Commodities City Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥3,913 Mil. Zhejiang China Commodities City Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥1,069 Mil. Zhejiang China Commodities City Group Co's annualized EBITDA for the quarter that ended in Sep. 2024 was ¥4,698 Mil. Zhejiang China Commodities City Group Co's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2024 was 1.06.

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 Zhejiang China Commodities City Group Co's Debt-to-EBITDA or its related term are showing as below:

SHSE:600415' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.37   Med: 2.35   Max: 3.82
Current: 1.37

During the past 13 years, the highest Debt-to-EBITDA Ratio of Zhejiang China Commodities City Group Co was 3.82. The lowest was 1.37. And the median was 2.35.

SHSE:600415's Debt-to-EBITDA is ranked better than
82.75% of 1223 companies
in the Real Estate industry
Industry Median: 6.18 vs SHSE:600415: 1.37

Zhejiang China Commodities City Group Co Debt-to-EBITDA Historical Data

The historical data trend for Zhejiang China Commodities City Group 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.

Zhejiang China Commodities City Group Co Debt-to-EBITDA Chart

Zhejiang China Commodities City Group Co 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 3.60 2.74 2.10 2.47 1.51

Zhejiang China Commodities City Group Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 3.22 3.30 1.48 1.54 1.06

Competitive Comparison of Zhejiang China Commodities City Group Co's Debt-to-EBITDA

For the Real Estate - Diversified subindustry, Zhejiang China Commodities City Group 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.


Zhejiang China Commodities City Group Co's Debt-to-EBITDA Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Zhejiang China Commodities City Group Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Zhejiang China Commodities City Group Co's Debt-to-EBITDA falls into.



Zhejiang China Commodities City Group Co Debt-to-EBITDA Calculation

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

Zhejiang China Commodities City Group 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
=(1798.946 + 4538.084) / 4198.761
=1.51

Zhejiang China Commodities City Group Co's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(3912.962 + 1069.038) / 4697.724
=1.06

* 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 (Sep. 2024) EBITDA data.


Zhejiang China Commodities City Group Co  (SHSE:600415) 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.


Zhejiang China Commodities City Group Co Debt-to-EBITDA Related Terms

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


Zhejiang China Commodities City Group Co Business Description

Traded in Other Exchanges
N/A
Address
Futian Road, No. 105, Ocean Business Building, Zhejiang Province, Yiwu, CHN, 322000
Zhejiang China Commodities City Group Co Ltd is engaged in the construction and operation of commodities trading platforms in China. The company's activities include the market network operation, real estate development and sales, hotel services, commodity sales, etc.
Executives
Zhao Di Fang senior management
Zhang Qi Zhen senior management
Xu Hang Directors, senior managers
Wu Xiu Bin senior management
Wei Gang senior management
Wang Dong Directors, senior managers
Zhao Wen Ge Director
Liu Zhen Ting Supervisors
Bao Jiang Qian Director
Jia Jun Hua senior management
Yang Jian Feng senior management
Zhao Jian Jun senior management
Hu Yan Hu senior management
Chen Chun Mei Supervisors
Zhu Min Director

Zhejiang China Commodities City Group Co Headlines

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