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Chinanjiang Fine Chemicals Co (STU:8C9) Debt-to-EBITDA : 32.22 (As of Dec. 2023)


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What is Chinanjiang Fine Chemicals Co Debt-to-EBITDA?

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

Chinanjiang Fine Chemicals Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €918 Mil. Chinanjiang Fine Chemicals Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €401 Mil. Chinanjiang Fine Chemicals Co's annualized EBITDA for the quarter that ended in Dec. 2023 was €41 Mil. Chinanjiang Fine Chemicals Co's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 32.22.

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 Chinanjiang Fine Chemicals Co's Debt-to-EBITDA or its related term are showing as below:

STU:8C9' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.61   Med: 4.3   Max: 43.69
Current: 43.69

During the past 13 years, the highest Debt-to-EBITDA Ratio of Chinanjiang Fine Chemicals Co was 43.69. The lowest was 1.61. And the median was 4.30.

STU:8C9's Debt-to-EBITDA is ranked worse than
97.69% of 1210 companies
in the Chemicals industry
Industry Median: 2.275 vs STU:8C9: 43.69

Chinanjiang Fine Chemicals Co Debt-to-EBITDA Historical Data

The historical data trend for Chinanjiang Fine Chemicals 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.

Chinanjiang Fine Chemicals Co Debt-to-EBITDA Chart

Chinanjiang Fine Chemicals 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 2.82 2.02 5.78 30.13 12.64

Chinanjiang Fine Chemicals Co Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 28.88 247.76 -24.69 75.40 32.22

Competitive Comparison of Chinanjiang Fine Chemicals Co's Debt-to-EBITDA

For the Chemicals subindustry, Chinanjiang Fine Chemicals 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.


Chinanjiang Fine Chemicals Co's Debt-to-EBITDA Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Chinanjiang Fine Chemicals Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Chinanjiang Fine Chemicals Co's Debt-to-EBITDA falls into.



Chinanjiang Fine Chemicals Co Debt-to-EBITDA Calculation

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

Chinanjiang Fine Chemicals 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
=(917.851 + 401.298) / 104.401
=12.64

Chinanjiang Fine Chemicals 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
=(917.851 + 401.298) / 40.946
=32.22

* 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 (Dec. 2023) EBITDA data.


Chinanjiang Fine Chemicals Co  (STU:8C9) 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.


Chinanjiang Fine Chemicals Co Debt-to-EBITDA Related Terms

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Chinanjiang Fine Chemicals Co (STU:8C9) Business Description

Traded in Other Exchanges
Address
Pinghai Road, Jiaxing Port Area, Zhejiang Province, Jiaxing, CHN
China Sanjiang Fine Chemicals Co Ltd manufactures and supplies chemicals in China. The company's products portfolio includes ethylene oxide, ethylene glycol, propylene, polypropylene, methyl tert-butyl ether and surfactants and provides surfactants processing service. Besides, it also produces and distributes C4, crude pentene and industrial gasses, such as oxygen, nitrogen, and argon.

Chinanjiang Fine Chemicals Co (STU:8C9) Headlines

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