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Guangdong Zhongnan Iron & Steel Co (SZSE:000717) Debt-to-EBITDA : -4.68 (As of Jun. 2024)


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What is Guangdong Zhongnan Iron & Steel Co Debt-to-EBITDA?

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

Guangdong Zhongnan Iron & Steel Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥691 Mil. Guangdong Zhongnan Iron & Steel Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ¥2,303 Mil. Guangdong Zhongnan Iron & Steel Co's annualized EBITDA for the quarter that ended in Jun. 2024 was ¥-640 Mil. Guangdong Zhongnan Iron & Steel Co's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2024 was -4.68.

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 Guangdong Zhongnan Iron & Steel Co's Debt-to-EBITDA or its related term are showing as below:

SZSE:000717' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -11.2   Med: 0.94   Max: 25.49
Current: -6.65

During the past 13 years, the highest Debt-to-EBITDA Ratio of Guangdong Zhongnan Iron & Steel Co was 25.49. The lowest was -11.20. And the median was 0.94.

SZSE:000717's Debt-to-EBITDA is ranked worse than
100% of 493 companies
in the Steel industry
Industry Median: 3 vs SZSE:000717: -6.65

Guangdong Zhongnan Iron & Steel Co Debt-to-EBITDA Historical Data

The historical data trend for Guangdong Zhongnan Iron & Steel 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.

Guangdong Zhongnan Iron & Steel Co Debt-to-EBITDA Chart

Guangdong Zhongnan Iron & Steel 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 1.02 0.63 0.85 -11.20 1.98

Guangdong Zhongnan Iron & Steel Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 41.68 -8.22 4.97 -2.30 -4.68

Competitive Comparison of Guangdong Zhongnan Iron & Steel Co's Debt-to-EBITDA

For the Steel subindustry, Guangdong Zhongnan Iron & Steel 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.


Guangdong Zhongnan Iron & Steel Co's Debt-to-EBITDA Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Guangdong Zhongnan Iron & Steel Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Guangdong Zhongnan Iron & Steel Co's Debt-to-EBITDA falls into.



Guangdong Zhongnan Iron & Steel Co Debt-to-EBITDA Calculation

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

Guangdong Zhongnan Iron & Steel 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
=(603.287 + 2134.655) / 1384.51
=1.98

Guangdong Zhongnan Iron & Steel Co'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
=(691.448 + 2303.296) / -639.616
=-4.68

* 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. 2024) EBITDA data.


Guangdong Zhongnan Iron & Steel Co  (SZSE:000717) 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.


Guangdong Zhongnan Iron & Steel Co Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Guangdong Zhongnan Iron & Steel Co's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.


Guangdong Zhongnan Iron & Steel Co Business Description

Traded in Other Exchanges
N/A
Address
Shaogang Office Building, Qujiang District, Maba, Guangdong Province, Shaoguan, CHN, 512123
Guangdong Zhongnan Iron & Steel Co Ltd is engaged in the manufacturing, processing, and sales of steel and metallurgical products, metal products, coke, coal chemical products, technology development, transfer, introduction and consulting services.
Executives
Cai Jian Qun Supervisors
Deng Yong Supervisors
Wu Jian Ping Executives
Shou Yao Ming Executives
He Ping Chang Supervisors
He Shi Qiang Director
Lu Xue Yun Director
Wang San Wu Directors, executives
Chen Jian Ju Supervisors

Guangdong Zhongnan Iron & Steel Co Headlines

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