Macau Legend Development (HKSE:01680) Debt-to-EBITDA

: -3.19 (As of Jun. 2022)

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

Macau Legend Development's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was HK$2,543 Mil. Macau Legend Development's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was HK$95 Mil. Macau Legend Development's annualized EBITDA for the quarter that ended in Jun. 2022 was HK$-829 Mil. Macau Legend Development's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2022 was -3.18.

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 Macau Legend Development's Debt-to-EBITDA or its related term are showing as below:

HKSE:01680' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -4.35 Med: 3.82 Max: 47.54
Current: -3.14

During the past 10 years, the highest Debt-to-EBITDA Ratio of Macau Legend Development was 47.54. The lowest was -4.35. And the median was 3.82.

HKSE:01680's Debt-to-EBITDA is ranked worse than
100% of 553 companies
in the Travel & Leisure industry
Industry Median: 3.42 vs HKSE:01680: -3.14

Macau Legend Development Debt-to-EBITDA Historical Data

The historical data trend for Macau Legend Development'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.

Macau Legend Development Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Debt-to-EBITDA

30.33

0.70

5.15

-1.66

-4.35

Macau Legend Development Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
Debt-to-EBITDA																-2.30	-0.81	-1.84	-2.95	-3.19

Competitive Comparison

For the Resorts & Casinos subindustry, Macau Legend Development'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.

Annual Data Quarterly Data

Macau Legend Development Debt-to-EBITDA Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, Macau Legend Development's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Macau Legend Development's Debt-to-EBITDA falls in comparison to its industry or sector. The grey bar indicates the Debt-to-EBITDA's extreme value range as defined by GuruFocus.

Macau Legend Development Debt-to-EBITDA Calculation

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

Macau Legend Development's Debt-to-EBITDA for the fiscal year that ended in Dec. 2021 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(215.024	+	2304.708)	/	-578.915
	=	-4.35

Macau Legend Development's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2022 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(2543.3	+	95.225)	/	-828.538
	=	-3.18

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. 2022) EBITDA data.

Macau Legend Development (HKSE:01680) 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.

Macau Legend Development Debt-to-EBITDA Related Terms

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

Macau Legend Development (HKSE:01680) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Macau Legend Development Ltd (HKSE:01680) » Definitions » Debt-to-EBITDA

Traded in Other Exchanges

N/A

Address

Avenida da Amizade e Avenida da, Palace Building, Macau Fisherman’s Wharf, Dr. Sun Yat Sen, Macau, MAC

Website

http://www.macaulegend.com

Macau Legend Development Ltd is an investment holdings company,It is engaged in the resorts and casinos industry. The business has two segments: Gaming and Non-Gaming. The Gaming segment is engaged in gaming-related services such as gaming tables and electronic gaming machines. The company's flagship resort and gaming center is The Landmark Macau, a hotel, casino, and luxury shopping center. The Non-Gaming segment is involved in hotel operations, such as food and beverage services and others. The company generates the vast majority of its revenue in Macau.

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