China East Education Holdings (HKSE:00667) Debt-to-EBITDA : 4.89 (As of Dec. 2023)

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What is China East Education Holdings Debt-to-EBITDA?

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

China East Education Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$290 Mil. China East Education Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,430 Mil. China East Education Holdings's annualized EBITDA for the quarter that ended in Dec. 2023 was HK$352 Mil. China East Education Holdings's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 4.89.

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 China East Education Holdings's Debt-to-EBITDA or its related term are showing as below:

HKSE:00667' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.87 Med: 1.36 Max: 3.1
Current: 3.1

During the past 8 years, the highest Debt-to-EBITDA Ratio of China East Education Holdings was 3.10. The lowest was 0.87. And the median was 1.36.

HKSE:00667's Debt-to-EBITDA is ranked worse than
63.39% of 183 companies
in the Education industry
Industry Median: 1.89 vs HKSE:00667: 3.10

China East Education Holdings Debt-to-EBITDA Historical Data

The historical data trend for China East Education 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.

China East Education Holdings Debt-to-EBITDA Chart

China East Education Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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0.87

1.36

1.35

1.39

1.40

China East Education Holdings Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial									3.95	2.22	3.65	2.42	4.89

Competitive Comparison of China East Education Holdings's Debt-to-EBITDA

For the Education & Training Services subindustry, China East Education 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.

China East Education Holdings's Debt-to-EBITDA Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, China East Education Holdings's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where China East Education Holdings's Debt-to-EBITDA falls into.

China East Education Holdings Debt-to-EBITDA Calculation

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

China East Education Holdings'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
	=	(290.286	+	1430.405)	/	1233.426
	=	1.40

China East Education Holdings'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
	=	(290.286	+	1430.405)	/	351.708
	=	4.89

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.

China East Education Holdings (HKSE:00667) 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.

China East Education Holdings Debt-to-EBITDA Related Terms

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

China East Education Holdings (HKSE:00667) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China East Education Holdings Ltd (HKSE:00667) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

ZX3:Germany

Address

No. 1009 Xuelin Road, Vocational Education Town, Yaohai District, Anhui Province, Hefei, CHN

Website

https://www.chinaeastedu.com

China East Education is the largest vocational training education provider in China in terms of average students enrolled. It was founded in 1988 and its business spans four segments: culinary arts, information & internet technology, auto services, and fashion & beauty. It runs schools under six brands: New East, Omick, Xinhua Internet, Wisezone, Wontone, and On-mind. It also operates customized catering experience centers under Cuisine Academy. Its average students enrolled was 142,765 as of Dec. 31, 2022. In 2022, China East Education's revenue breakdown by major businesses was 59% in culinary arts, 20% in information & internet technology, 19% in auto services.

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