CLP Holdings (CLP Holdings) Debt-to-EBITDA

: 3.00 (As of Dec. 2023)

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

CLP Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,635 Mil. CLP Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5,755 Mil. CLP Holdings's annualized EBITDA for the quarter that ended in Dec. 2023 was $2,467 Mil. CLP Holdings's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 3.00.

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

CLPHF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.9 Med: 2.39 Max: 4.88
Current: 2.74

During the past 13 years, the highest Debt-to-EBITDA Ratio of CLP Holdings was 4.88. The lowest was 1.90. And the median was 2.39.

CLPHF's Debt-to-EBITDA is ranked better than
56.74% of 460 companies
in the Utilities - Regulated industry
Industry Median: 3.535 vs CLPHF: 2.74

CLP Holdings Debt-to-EBITDA Historical Data

The historical data trend for CLP 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.

CLP Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

2.85

2.13

2.64

4.88

2.74

CLP 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																2.76	-13.65	2.05	2.69	3.00

Competitive Comparison

For the Utilities - Regulated Electric subindustry, CLP 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.

CLP Holdings Debt-to-EBITDA Distribution

For the Utilities - Regulated industry and Utilities sector, CLP Holdings's Debt-to-EBITDA distribution charts can be found below:

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

CLP Holdings Debt-to-EBITDA Calculation

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

CLP 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
	=	(1635.381	+	5754.693)	/	2697.38
	=	2.74

CLP 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
	=	(1635.381	+	5754.693)	/	2467.412
	=	3.00

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.

CLP Holdings (OTCPK:CLPHF) 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.

CLP Holdings Debt-to-EBITDA Related Terms

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

CLP Holdings (CLP Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CLP Holdings Ltd (OTCPK:CLPHF) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

CLPHY:USA 00002:Hong Kong CLP:Germany

Address

8 Laguna Verde Avenue, Hung Hom, Kowloon, Hong Kong, HKG

Website

https://www.clpgroup.com

CLP Holdings is the larger of the two electric utility companies in Hong Kong, serving 80% of the city population. It generates, transmits and distributes electricity to about 2.6 million customers in Kowloon and the New Territories through its wholly owned network. The business is regulated by the Hong Kong government with a permitted return on net fixed asset of 8.00%. Besides Hong Kong, the company has expanded its reach overseas, with generation and retail assets in Australia and generation assets in China, India, Taiwan, and Southeast Asia. Its Hong Kong activities made up more than 80% of recurring net profit in 2021.

CLP Holdings (CLP Holdings) Headlines

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