Xiamen Leading Optics Co (SHSE:605118) Debt-to-EBITDA : 0.08 (As of Dec. 2023)

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What is Xiamen Leading Optics Co Debt-to-EBITDA?

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

Xiamen Leading Optics Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥1.5 Mil. Xiamen Leading Optics Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥11.7 Mil. Xiamen Leading Optics Co's annualized EBITDA for the quarter that ended in Dec. 2023 was ¥169.9 Mil. Xiamen Leading Optics Co's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.08.

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 Xiamen Leading Optics Co's Debt-to-EBITDA or its related term are showing as below:

SHSE:605118' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.04 Med: 0.16 Max: 0.3
Current: 0.08

During the past 8 years, the highest Debt-to-EBITDA Ratio of Xiamen Leading Optics Co was 0.30. The lowest was 0.04. And the median was 0.16.

SHSE:605118's Debt-to-EBITDA is ranked better than
92.75% of 1739 companies
in the Hardware industry
Industry Median: 1.78 vs SHSE:605118: 0.08

Xiamen Leading Optics Co Debt-to-EBITDA Historical Data

The historical data trend for Xiamen Leading Optics 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.

* Premium members only.

Xiamen Leading Optics Co Debt-to-EBITDA Chart

Xiamen Leading Optics Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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0.30

0.04

0.06

Xiamen Leading Optics Co 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															0.13	0.11	0.07	0.07	0.08

Competitive Comparison of Xiamen Leading Optics Co's Debt-to-EBITDA

For the Electronic Components subindustry, Xiamen Leading Optics 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.

Xiamen Leading Optics Co's Debt-to-EBITDA Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Xiamen Leading Optics Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Xiamen Leading Optics Co's Debt-to-EBITDA falls into.

Xiamen Leading Optics Co Debt-to-EBITDA Calculation

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

Xiamen Leading Optics 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
	=	(1.52	+	11.715)	/	215.901
	=	0.06

Xiamen Leading Optics Co'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
	=	(1.52	+	11.715)	/	169.908
	=	0.08

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.

Xiamen Leading Optics Co (SHSE:605118) 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.

Xiamen Leading Optics Co Debt-to-EBITDA Related Terms

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

Xiamen Leading Optics Co (SHSE:605118) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Xiamen Leading Optics Co Ltd (SHSE:605118) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plant 1, No. 26, Xinmei Road, Xinyang Industrial Zone, Haicang District, Fujian Province, Xiamen, CHN, 361028

Website

http://www.leadingoptics.com

Xiamen Leading Optics Co Ltd is engaged in design, production and sales of optical lenses. The company's products include Surveillance Lens; Automotives Lens; Machine Vision Lens; ITS Lens; Low Distortion Lens; Consumer Imaging; and Panoramic Lens. Its products are used in multiple fields of application including security surveillance, medical and biological studies and researches, intelligent traffic systems, video conference, intelligent home security, sports camera and many more.

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