CBAK Energy Technology (CBAK Energy Technology) Debt-to-EBITDA : 1.80 (As of Dec. 2023)

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What is CBAK Energy Technology Debt-to-EBITDA?

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

CBAK Energy Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $35.3 Mil. CBAK Energy Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.5 Mil. CBAK Energy Technology's annualized EBITDA for the quarter that ended in Dec. 2023 was $19.8 Mil. CBAK Energy Technology's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 1.80.

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 CBAK Energy Technology's Debt-to-EBITDA or its related term are showing as below:

CBAT' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -6.34 Med: -1.86 Max: 28.61
Current: 3.52

During the past 13 years, the highest Debt-to-EBITDA Ratio of CBAK Energy Technology was 28.61. The lowest was -6.34. And the median was -1.86.

CBAT's Debt-to-EBITDA is ranked worse than
70.82% of 2296 companies
in the Industrial Products industry
Industry Median: 1.75 vs CBAT: 3.52

CBAK Energy Technology Debt-to-EBITDA Historical Data

The historical data trend for CBAK Energy Technology'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.

CBAK Energy Technology Debt-to-EBITDA Chart

CBAK Energy Technology Annual Data

Trend

Sep14

Sep15

Sep16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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-5.41

-4.00

-1.98

5.12

3.52

CBAK Energy Technology 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															-91.79	-9.20	-4.26	1.16	1.80

Competitive Comparison of CBAK Energy Technology's Debt-to-EBITDA

For the Electrical Equipment & Parts subindustry, CBAK Energy Technology'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.

CBAK Energy Technology's Debt-to-EBITDA Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, CBAK Energy Technology's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where CBAK Energy Technology's Debt-to-EBITDA falls into.

CBAK Energy Technology Debt-to-EBITDA Calculation

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

CBAK Energy Technology'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
	=	(35.263	+	0.475)	/	10.154
	=	3.52

CBAK Energy Technology'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
	=	(35.263	+	0.475)	/	19.816
	=	1.80

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.

CBAK Energy Technology (NAS:CBAT) 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.

CBAK Energy Technology Debt-to-EBITDA Related Terms

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

CBAK Energy Technology (CBAK Energy Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CBAK Energy Technology Inc (NAS:CBAT) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

B6JA:Germany

Address

CBAK Industrial Park, Meigui Street, Huayuankou Economic Zone, Liaoning Province, Dalian, CHN, 116450

Website

https://www.cbak.com.cn

CBAK Energy Technology Inc is engaged in the manufacture, commercialization, and distribution of a variety of standard and customized lithium-ion high-power rechargeable batteries which are mainly used in electric vehicles, light electric vehicles, electric tools, energy storage, uninterruptible power supply, and other high power applications. The company manufactures five types of Li-ion rechargeable batteries namely aluminum-case cells, battery packs, cylindrical cells, lithium polymer cells, and high-power lithium battery cells. Geographically, it generates a majority of its revenue from Mainland China and also has an operation in Europe, the United States, Korea, and Other Countries.

Executives

Jiewei Li	officer: CFO	CBAK INDUSTRIAL PARK, MEIGUI STREET, HUAYUANKOU ECONOMIC ZONE, DALIAN CITY, LIAONING PROVINCE F4 116450
Yunfei Li	director, 10 percent owner, officer: CEO	BAK INDUSTRIAL PARK, MEIGUI STREET, HUAYUANKOU ECONOMIC ZONE, DALIAN F4 116422
Xiangyu Pei	director	BAK INDUSTRIAL PARK, MEIGUI STREET, HUAYUANKOU ECONOMIC ZONE, DALIAN F4 116450
Asia Evk New Energy Auto Ltd	10 percent owner	FLAT/RM B, 8/F, WING ON CHEONG BLDG, 5 WING LOK STREET, CENTRAL, HONG KONG K3 0000000
Ping Shen	10 percent owner	GROUP 1 LIVESTOCK RANCH, HUAIJIA TOWN, YUSHU CITY, JILIN PROVINCE F4 130416
Dawei Li	10 percent owner	NO. 11 MEIGUI STREET (EAST), HUAYUANKOU ECONOMIC DISTRICT, DALIAN F4 116450
Mu Li	10 percent owner	A-3003, PENGDUDASHA, NANGUANG ROAD, NANSHAN DISTRICT, SHENZHEN F4 518054
Wei Qi	10 percent owner	3-B1005, HUAYUAN, TIANJIAN XIANDAICHENG, LONGGANG DISTRICT, SHENZHEN F4 518000
Xiangqian Li	director, 10 percent owner, officer: Chairman, President & CEO	BAK INDUSTRIAL PAR, NO. 1 BAK STREET, KUICHONG TOWN, LONGGANG DISTRICT, SHENZHEN F4 518119
J. Simon Xue	director	3353 ROBERT BURNS DRIVE, RICHFIELD OH 44286
Chunzhi Zhang	director	ROOM 1505, BLOCK B TAIRAN 9TH ROAD, CHENGONGMIAO, FUTIAN DISTRICT, SHENZHEN F4 518000
Wenwu Wang	officer: Interim CFO and Treasurer	BAK INDUSTRIAL PARK, MEIGUI STREET, HUAYUANKOU ECONOMIC ZONE, DALIAN F4 116422
Guosheng Wang	director	BAK INDUSTRIAL PARK, NO, 1 BAK STREET, KUICHONG TOWN, LONGGANG DISTRICT, SHENZHEN F4 518119
Jian Lin	officer: Int. Chief Technical Officer	BAK INDUSTRIAL PARK, NO, 1 BAK STREET, KUICHONG TOWN, LONGGANG DISTRICT, SHENZHEN F4 518119
Jianjun He	director	THT INDUSTRIAL PARK, NO. 5 NANHUAN ROAD, TIEXI DISTRICT, SIPING F4 136000