Canggang Railway (HKSE:02169) Debt-to-EBITDA : 3.32 (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Canggang Railway Debt-to-EBITDA?

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

Canggang Railway's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$221.0 Mil. Canggang Railway's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$317.9 Mil. Canggang Railway's annualized EBITDA for the quarter that ended in Dec. 2023 was HK$162.4 Mil. Canggang Railway's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 3.32.

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

HKSE:02169' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.27 Med: 2.98 Max: 3.65
Current: 3.33

During the past 7 years, the highest Debt-to-EBITDA Ratio of Canggang Railway was 3.65. The lowest was 2.27. And the median was 2.98.

HKSE:02169's Debt-to-EBITDA is ranked worse than
57.6% of 849 companies
in the Transportation industry
Industry Median: 2.8 vs HKSE:02169: 3.33

Canggang Railway Debt-to-EBITDA Historical Data

The historical data trend for Canggang Railway'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.

Canggang Railway Debt-to-EBITDA Chart

Canggang Railway Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

Get a 7-Day Free Trial

3.65

2.99

2.27

2.98

3.33

Canggang Railway Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial						2.39	3.93	2.52	3.37	3.32

Competitive Comparison of Canggang Railway's Debt-to-EBITDA

For the Railroads subindustry, Canggang Railway'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.

Canggang Railway's Debt-to-EBITDA Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Canggang Railway's Debt-to-EBITDA distribution charts can be found below:

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

Canggang Railway Debt-to-EBITDA Calculation

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

Canggang Railway'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
	=	(221.023	+	317.943)	/	161.642
	=	3.33

Canggang Railway'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
	=	(221.023	+	317.943)	/	162.396
	=	3.32

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.

Canggang Railway (HKSE:02169) 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.

Canggang Railway Debt-to-EBITDA Related Terms

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

Canggang Railway (HKSE:02169) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Canggang Railway Ltd (HKSE:02169) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yangzhuang Station, Yangerzhuang Town, Huanghua, Hebei Province, Cangzhou, CHN

Website

https://www.czcgtl.com

Canggang Railway Ltd is a local railway operator based in Hebei Province. The company operates in two segments, rail freight transportation services, and other ancillary services, including loading and unloading, road freight transportation, construction, repair and maintenance of Special Service Lines, railway roadbed and other railway facility construction, and certain other businesses. It operates one railway, the Canggang Railway Line, which connects the Shuo-Huang Railway Line and the Han-Huang Railway Line with the Bohai New Area in Cangzhou. Its railway line also connects the Beijing-Shanghai Railway Line. The company earns its revenue from rail freight transportation services.

Canggang Railway (HKSE:02169) Headlines

No Headlines