Beijing Enterprises Holdings (HKSE:00392) Debt-to-EBITDA

: 5.60 (As of Jun. 2023)

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

Beijing Enterprises Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$22,036 Mil. Beijing Enterprises Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$60,562 Mil. Beijing Enterprises Holdings's annualized EBITDA for the quarter that ended in Jun. 2023 was HK$14,746 Mil. Beijing Enterprises Holdings's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 was 5.60.

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 Beijing Enterprises Holdings's Debt-to-EBITDA or its related term are showing as below:

HKSE:00392' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.97 Med: 4.01 Max: 7.76
Current: 7.76

During the past 13 years, the highest Debt-to-EBITDA Ratio of Beijing Enterprises Holdings was 7.76. The lowest was 2.97. And the median was 4.01.

HKSE:00392's Debt-to-EBITDA is ranked worse than
81.13% of 408 companies
in the Conglomerates industry
Industry Median: 3.27 vs HKSE:00392: 7.76

Beijing Enterprises Holdings Debt-to-EBITDA Historical Data

The historical data trend for Beijing Enterprises Holdings'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.

Beijing Enterprises Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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4.05

5.28

3.90

4.85

7.76

Beijing Enterprises Holdings 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															6.99	5.24	8.73	5.60	15.14

Competitive Comparison

For the Conglomerates subindustry, Beijing Enterprises Holdings'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.

Beijing Enterprises Holdings Debt-to-EBITDA Distribution

For the Conglomerates industry and Industrials sector, Beijing Enterprises Holdings's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Beijing Enterprises Holdings's Debt-to-EBITDA falls into.

Beijing Enterprises Holdings Debt-to-EBITDA Calculation

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

Beijing Enterprises Holdings's Debt-to-EBITDA for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(24975.671	+	53261.771)	/	16129.882
	=	4.85

Beijing Enterprises Holdings's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(22036.14	+	60561.808)	/	14746.2
	=	5.60

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. 2023) EBITDA data.

Beijing Enterprises Holdings (HKSE:00392) 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.

Beijing Enterprises Holdings Debt-to-EBITDA Related Terms

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

Beijing Enterprises Holdings (HKSE:00392) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Beijing Enterprises Holdings Ltd (HKSE:00392) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

BJINF:USA BJEB:Germany

Address

18 Harbour Road, 66th Floor, Central Plaza, Wanchai, Hong Kong, HKG

Website

https://www.behl.com.hk

Beijing Enterprises Holdings was founded in 1997 and it is the listed flagship of the Beijing municipal government. It has a diversified business portfolio with focus on public utilities, including gas distribution and transmission, sewage and water treatment, and waste-to-energy business. It also invests in an upstream Russia oil and gas company, and owns 80% of Yanjing Brewery, one of the leading domestic brewers. The business mix is approximately 70% in gas operation, with the rest in water, waste treatment, and beer businesses.

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