JOYY (NAS:YY) Debt-to-EBITDA

: 0.81 (As of Jun. 2023)

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

JOYY's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $471 Mil. JOYY's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $22 Mil. JOYY's annualized EBITDA for the quarter that ended in Jun. 2023 was $607 Mil. JOYY's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 was 0.81.

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

YY' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.01 Med: 1.78 Max: 8.53
Current: 0.65

During the past 13 years, the highest Debt-to-EBITDA Ratio of JOYY was 8.53. The lowest was 0.01. And the median was 1.78.

YY's Debt-to-EBITDA is ranked better than
56.11% of 262 companies
in the Interactive Media industry
Industry Median: 0.84 vs YY: 0.65

JOYY Debt-to-EBITDA Historical Data

The historical data trend for JOYY'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.

JOYY Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-EBITDA

0.01

8.53

3.13

7.85

1.12

JOYY Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Debt-to-EBITDA																3.03	0.42	10.91	6.04	0.81

Competitive Comparison

For the Internet Content & Information subindustry, JOYY'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

JOYY Debt-to-EBITDA Distribution

For the Interactive Media industry and Communication Services sector, JOYY's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where JOYY'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.

JOYY Debt-to-EBITDA Calculation

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

JOYY's Debt-to-EBITDA for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(484.808	+	422.774)	/	810.723
	=	1.12

JOYY's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(470.934	+	21.924)	/	607.436
	=	0.81

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 (Jun. 2023) EBITDA data.

JOYY (NAS:YY) 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.

JOYY Debt-to-EBITDA Related Terms

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

JOYY (NAS:YY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » JOYY Inc (NAS:YY) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

YY:Mexico 0VVY:UK 0YYA:Germany

Address

30 Pasir Panjang Road, No. 15-31A, Mapletree Business City, Singapore, SGP, 117440

Website

https://ir.joyy.sg

JOYY Inc is a social media platform. The company is engaged in creating and sharing entertainment content and activities. JOYY enables users to interact with each other in real time through online live media and offers users an immersive entertainment experience. Its products include Bigo Live, Likee, and Hago. The company offers Live streaming platforms, Short-form video platforms, instant messaging platforms, and other products. The company reports in two segments Bigo and All Other. It has a presence in China; Developed countries; the Middle East and Southeast Asia and others.