Jiangsu Expressway Co (FRA:JE2) Debt-to-EBITDA

: 10.95 (As of Dec. 2023)

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

Jiangsu Expressway Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €518 Mil. Jiangsu Expressway Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €3,526 Mil. Jiangsu Expressway Co's annualized EBITDA for the quarter that ended in Dec. 2023 was €369 Mil. Jiangsu Expressway Co's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 10.95.

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

FRA:JE2' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.11 Med: 2.07 Max: 4.67
Current: 4.67

During the past 13 years, the highest Debt-to-EBITDA Ratio of Jiangsu Expressway Co was 4.67. The lowest was 1.11. And the median was 2.07.

FRA:JE2's Debt-to-EBITDA is ranked worse than
70.93% of 1307 companies
in the Construction industry
Industry Median: 2.34 vs FRA:JE2: 4.67

Jiangsu Expressway Co Debt-to-EBITDA Historical Data

The historical data trend for Jiangsu Expressway 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.

Jiangsu Expressway Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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1.92

3.04

2.80

3.93

3.40

Jiangsu Expressway Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial															7.95	4.13	3.97	3.59	10.95

Competitive Comparison

For the Infrastructure Operations subindustry, Jiangsu Expressway 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.

Jiangsu Expressway Co Debt-to-EBITDA Distribution

For the Construction industry and Industrials sector, Jiangsu Expressway Co's Debt-to-EBITDA distribution charts can be found below:

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

Jiangsu Expressway Co Debt-to-EBITDA Calculation

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

Jiangsu Expressway 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
	=	(518.231	+	3525.576)	/	1189.65
	=	3.40

Jiangsu Expressway 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
	=	(518.231	+	3525.576)	/	369.148
	=	10.95

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 (Dec. 2023) EBITDA data.

Jiangsu Expressway Co (FRA:JE2) 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.

Jiangsu Expressway Co Debt-to-EBITDA Related Terms

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

Jiangsu Expressway Co (FRA:JE2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Jiangsu Expressway Co Ltd (FRA:JE2) » Definitions » Debt-to-EBITDA

Traded in Other Exchanges

JEXYY:USA JEXYF:USA 00177:Hong Kong JE2:Germany 600377:China

Address

6 Xianlin Avenue, Jiangsu Province, Nanjing, CHN, 210049

Website

http://www.jsexpressway.com

Jiangsu Expressway Co Ltd is principally engaged in the investment, construction, operation and management of toll roads and bridges in Jiangsu Province and the development of service areas along expressways. It operates through the following segments: Shanghai-Nanjing Expressway is a key revenue driver, Guangjing Expressway, and Xicheng Expressway, Xiyi Expressway and Wuxi Huantaihu Expressway, Ningchang Expressway and Zhenli Expressway, Zhendan Expressway, Wufengshan Expressway, Changyi Expressway, Yichang Expressway, Longtan Bridge, Ancillary services, Real estate development, sales of electricity and advertising and others.

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