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Ajisen (China) Holdings (HKSE:00538) Debt-to-EBITDA : 0.95 (As of Dec. 2023)


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What is Ajisen (China) Holdings Debt-to-EBITDA?

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

Ajisen (China) Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$190 Mil. Ajisen (China) Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$291 Mil. Ajisen (China) Holdings's annualized EBITDA for the quarter that ended in Dec. 2023 was HK$509 Mil. Ajisen (China) Holdings's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.95.

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 Ajisen (China) Holdings's Debt-to-EBITDA or its related term are showing as below:

HKSE:00538' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.85   Med: 0.98   Max: 2.32
Current: 0.75

During the past 13 years, the highest Debt-to-EBITDA Ratio of Ajisen (China) Holdings was 2.32. The lowest was -0.85. And the median was 0.98.

HKSE:00538's Debt-to-EBITDA is ranked better than
88.36% of 275 companies
in the Restaurants industry
Industry Median: 2.98 vs HKSE:00538: 0.75

Ajisen (China) Holdings Debt-to-EBITDA Historical Data

The historical data trend for Ajisen (China) 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.

Ajisen (China) Holdings Debt-to-EBITDA Chart

Ajisen (China) Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.25 2.14 1.47 2.32 0.75

Ajisen (China) 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 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.07 4.96 1.65 0.61 0.95

Competitive Comparison of Ajisen (China) Holdings's Debt-to-EBITDA

For the Restaurants subindustry, Ajisen (China) 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.


Ajisen (China) Holdings's Debt-to-EBITDA Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Ajisen (China) Holdings's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Ajisen (China) Holdings's Debt-to-EBITDA falls into.



Ajisen (China) Holdings Debt-to-EBITDA Calculation

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

Ajisen (China) 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
=(189.747 + 291.285) / 638.488
=0.75

Ajisen (China) 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
=(189.747 + 291.285) / 508.796
=0.95

* 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.

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.


Ajisen (China) Holdings  (HKSE:00538) 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.


Ajisen (China) Holdings Debt-to-EBITDA Related Terms

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


Ajisen (China) Holdings (HKSE:00538) Business Description

Traded in Other Exchanges
Address
24-26 Sze Shan Street, 6th Floor, Ajisen Group Tower, Block B, Yau Tong, Kowloon, Hong Kong, HKG
Ajisen (China) Holdings Ltd is a Fast casual restaurant chain operator selling Japanese ramen and Japanese-style dishes in Hong Kong and the PRC. The company has three operating segments; The operation of Restaurants segment includes the operation of restaurants in Mainland China and Hong Kong, the Manufacture and sales of noodles and related products segment includes the manufacture and sales of noodles and related products in Mainland China and Hong Kong, and Investment holding segment includes investments in property interests, investments in financial instruments and interests in associates and a joint venture. It derives a majority of its revenue from China.

Ajisen (China) Holdings (HKSE:00538) Headlines

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