ZHGWF (Zhengwei Group Holdings Co) Debt-to-EBITDA : -0.02 (As of Jun. 2024)

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What is Zhengwei Group Holdings Co Debt-to-EBITDA?

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

Zhengwei Group Holdings Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.09 Mil. Zhengwei Group Holdings Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.00 Mil. Zhengwei Group Holdings Co's annualized EBITDA for the quarter that ended in Jun. 2024 was $-4.09 Mil. Zhengwei Group Holdings Co's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2024 was -0.02.

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 Zhengwei Group Holdings Co's Debt-to-EBITDA or its related term are showing as below:

ZHGWF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.02 Med: 1.33 Max: 2.08
Current: 0.02

During the past 5 years, the highest Debt-to-EBITDA Ratio of Zhengwei Group Holdings Co was 2.08. The lowest was 0.02. And the median was 1.33.

ZHGWF's Debt-to-EBITDA is ranked better than
97.53% of 1497 companies
in the Consumer Packaged Goods industry
Industry Median: 2.05 vs ZHGWF: 0.02

Zhengwei Group Holdings Co Debt-to-EBITDA Historical Data

The historical data trend for Zhengwei Group Holdings 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.

Zhengwei Group Holdings Co Debt-to-EBITDA Chart

Zhengwei Group Holdings Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

1.82

2.08

1.33

0.76

0.21

Zhengwei Group Holdings Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-EBITDA	Get a 7-Day Free Trial				1.08	0.68	0.49	0.19	-0.02

Competitive Comparison of Zhengwei Group Holdings Co's Debt-to-EBITDA

For the Packaged Foods subindustry, Zhengwei Group Holdings 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.

Zhengwei Group Holdings Co's Debt-to-EBITDA Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Zhengwei Group Holdings Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Zhengwei Group Holdings Co's Debt-to-EBITDA falls into.

Zhengwei Group Holdings Co Debt-to-EBITDA Calculation

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

Zhengwei Group Holdings 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
	=	(2.561	+	0)	/	12.068
	=	0.21

Zhengwei Group Holdings 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
	=	(0.086	+	0)	/	-4.088
	=	-0.02

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 (Jun. 2024) EBITDA data.

Zhengwei Group Holdings Co (OTCPK:ZHGWF) 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.

Zhengwei Group Holdings Co Debt-to-EBITDA Related Terms

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

Zhengwei Group Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Zhengwei Group Holdings Co Ltd (OTCPK:ZHGWF) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

02147:Hong Kong

Address

487 Yuhu Road, Xiaolan Economic Development and Technology Zone, Nanchang, CHN

Website

https://www.zhengwei100.com

Zhengwei Group Holdings Co Ltd produces dry food and snacks, and secondarily trades related products. It produces and sells a variety of snacks (including ready-to-eat vegetarian snacks and meat snacks), such as crispy bamboo shoots and roast necks; and packaged dry goods such as mushrooms, dried aquatic products, seaweed, grains, and seasonings in China. The majority of revenue is derived from the Snacks segment. It has two operating segments Manufacturing & trading, out of which the majority is from the manufacturing segment. Geographically, the majority is from the PRC.

Zhengwei Group Holdings Co Headlines

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