Cathay Media And Education Group (HKSE:01981) Debt-to-EBITDA : -0.13 (As of Dec. 2023)

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What is Cathay Media And Education Group Debt-to-EBITDA?

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

Cathay Media And Education Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$4.6 Mil. Cathay Media And Education Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$15.9 Mil. Cathay Media And Education Group's annualized EBITDA for the quarter that ended in Dec. 2023 was HK$-153.7 Mil. Cathay Media And Education Group's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -0.13.

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 Cathay Media And Education Group's Debt-to-EBITDA or its related term are showing as below:

HKSE:01981' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.18 Med: 0.1 Max: 0.13
Current: -0.1

During the past 7 years, the highest Debt-to-EBITDA Ratio of Cathay Media And Education Group was 0.13. The lowest was -0.18. And the median was 0.10.

HKSE:01981's Debt-to-EBITDA is ranked worse than
100% of 181 companies
in the Education industry
Industry Median: 1.77 vs HKSE:01981: -0.10

Cathay Media And Education Group Debt-to-EBITDA Historical Data

The historical data trend for Cathay Media And Education Group'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.

Cathay Media And Education Group Debt-to-EBITDA Chart

Cathay Media And Education Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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0.11

0.13

-0.18

Cathay Media And Education Group Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial							-	-	-0.34	-0.10	-0.13

Competitive Comparison of Cathay Media And Education Group's Debt-to-EBITDA

For the Education & Training Services subindustry, Cathay Media And Education Group'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.

Cathay Media And Education Group's Debt-to-EBITDA Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Cathay Media And Education Group's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Cathay Media And Education Group's Debt-to-EBITDA falls into.

Cathay Media And Education Group Debt-to-EBITDA Calculation

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

Cathay Media And Education Group'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
	=	(4.585	+	15.943)	/	-111.717
	=	-0.18

Cathay Media And Education Group'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
	=	(4.585	+	15.943)	/	-153.74
	=	-0.13

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.

Cathay Media And Education Group (HKSE:01981) 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.

Cathay Media And Education Group Debt-to-EBITDA Related Terms

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

Cathay Media And Education Group (HKSE:01981) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Cathay Media And Education Group Inc (HKSE:01981) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 93 Jianguo Road, 22nd Floor, Block 12, Wanda Plaza, Chaoyang District, Beijing, CHN

Website

http://www.cathaymedia.com

Cathay Media And Education Group Inc is a media group, engaged in TV/film production business and higher education business focused on media and arts. The company produces films, TV shows, Web films, and TV series. Its segments include TV/Film production and investment, and Education and training. The majority of the revenue is derived from the higher education segment.

Executives

Pu Shulin	2307 Founder of a discretionary trust who can infl
Luo Jacqueline	2202 Interest of your spouse
Cathay Media Holding Inc.	2101 Beneficial owner
Media One International (ptc) Limited	2301 Trustee
Winning Global Ventures Limited	2201 Interest of corporation controlled by you
Areo Holdings Limited	2201 Interest of corporation controlled by you
Highland Pines Limited	2101 Beneficial owner
Lam Lai Ming	2201 Interest of corporation controlled by you
Li Gabriel	2201 Interest of corporation controlled by you

Cathay Media And Education Group (HKSE:01981) Headlines

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