China Fortune Land Development Co (SHSE:600340) Debt-to-EBITDA : -75.60 (As of Mar. 2024)

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What is China Fortune Land Development Co Debt-to-EBITDA?

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

China Fortune Land Development Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥27,202 Mil. China Fortune Land Development Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥157,108 Mil. China Fortune Land Development Co's annualized EBITDA for the quarter that ended in Mar. 2024 was ¥-2,438 Mil. China Fortune Land Development Co's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was -75.60.

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 China Fortune Land Development Co's Debt-to-EBITDA or its related term are showing as below:

SHSE:600340' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -95.7 Med: 6.79 Max: 200.88
Current: -95.7

During the past 13 years, the highest Debt-to-EBITDA Ratio of China Fortune Land Development Co was 200.88. The lowest was -95.70. And the median was 6.79.

SHSE:600340's Debt-to-EBITDA is ranked worse than
100% of 1265 companies
in the Real Estate industry
Industry Median: 5.76 vs SHSE:600340: -95.70

China Fortune Land Development Co Debt-to-EBITDA Historical Data

The historical data trend for China Fortune Land Development Co'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.

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China Fortune Land Development Co Debt-to-EBITDA Chart

China Fortune Land Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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6.74

11.51

-7.71

10.73

200.88

China Fortune Land Development Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-EBITDA	Get a 7-Day Free Trial															32.68	-64.59	23.69	-18.13	-75.60

Competitive Comparison of China Fortune Land Development Co's Debt-to-EBITDA

For the Real Estate - Development subindustry, China Fortune Land Development Co'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 Fortune Land Development Co's Debt-to-EBITDA Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Fortune Land Development Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where China Fortune Land Development Co's Debt-to-EBITDA falls into.

China Fortune Land Development Co Debt-to-EBITDA Calculation

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

China Fortune Land Development Co'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
	=	(28085.93	+	158453.289)	/	928.604
	=	200.88

China Fortune Land Development Co's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(27201.922	+	157107.517)	/	-2437.96
	=	-75.60

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 four times the quarterly (Mar. 2024) EBITDA data.

China Fortune Land Development Co (SHSE:600340) 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 Fortune Land Development Co Debt-to-EBITDA Related Terms

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

China Fortune Land Development Co (SHSE:600340) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Fortune Land Development Co Ltd (SHSE:600340) » Definitions » Debt-to-EBITDA

Traded in Other Exchanges

N/A

Address

No. 18, Xiaguangli, North Dongsanhuan Road, Fl.9, Block A, Jiacheng Plaza, Chaoyang District, Beijing, CHN, 100027

Website

http://www.cfldcn.com

China Fortune Land Development Co Ltd is engaged in the investment, development, construction and operation of the new industrial city. It is primarily involved in planning, designing, land consolidation, investment, infrastructure construction and public facility development. Further, it is also involved in development of green cities and construction of smart urban.

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