Zonqing Environmental (HKSE:01855) Debt-to-EBITDA : 2.54 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Zonqing Environmental Debt-to-EBITDA?

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

Zonqing Environmental's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$797 Mil. Zonqing Environmental's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$89 Mil. Zonqing Environmental's annualized EBITDA for the quarter that ended in Dec. 2023 was HK$349 Mil. Zonqing Environmental's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 2.54.

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

HKSE:01855' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -29.54 Med: 3.64 Max: 6.93
Current: 3.4

During the past 7 years, the highest Debt-to-EBITDA Ratio of Zonqing Environmental was 6.93. The lowest was -29.54. And the median was 3.64.

HKSE:01855's Debt-to-EBITDA is ranked worse than
61.9% of 1307 companies
in the Construction industry
Industry Median: 2.32 vs HKSE:01855: 3.40

Zonqing Environmental Debt-to-EBITDA Historical Data

The historical data trend for Zonqing Environmental'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.

Zonqing Environmental Debt-to-EBITDA Chart

Zonqing Environmental Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

Get a 7-Day Free Trial

4.08

3.38

6.93

-29.54

3.23

Zonqing Environmental Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial							8.00	-6.48	-161.67	5.25	2.54

Competitive Comparison of Zonqing Environmental's Debt-to-EBITDA

For the Engineering & Construction subindustry, Zonqing Environmental'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.

Zonqing Environmental's Debt-to-EBITDA Distribution in the Construction Industry

For the Construction industry and Industrials sector, Zonqing Environmental's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Zonqing Environmental's Debt-to-EBITDA falls into.

Zonqing Environmental Debt-to-EBITDA Calculation

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

Zonqing Environmental'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
	=	(796.578	+	88.81)	/	274.421
	=	3.23

Zonqing Environmental'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
	=	(796.578	+	88.81)	/	348.652
	=	2.54

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.

Zonqing Environmental (HKSE:01855) 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.

Zonqing Environmental Debt-to-EBITDA Related Terms

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

Zonqing Environmental (HKSE:01855) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Zonqing Environmental Ltd (HKSE:01855) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.5888, Fuzhi Road, 3rd Floor, Zhongqing Building, Jingyue High-tech Industrial Development Zone, Jilin Province, Changchun, CHN

Website

http://www.zonbong.com

Zonqing Environmental Ltd is principally engaged in landscaping, ecological restoration, and other related projects. Its business segments include Landscaping; Ecological restoration; and Others including investigation, survey, design, and technical consultancy for municipal construction projects. A majority of revenue is derived from the Landscaping segment which includes public space landscaping, theme park landscaping, private park landscaping, and maintenance projects. The group's revenue is generated in the PRC.

Zonqing Environmental (HKSE:01855) Headlines

No Headlines