Shanghai Conant Optical Co (HKSE:02276) Debt-to-EBITDA : 0.44 (As of Dec. 2023)

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What is Shanghai Conant Optical Co Debt-to-EBITDA?

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

Shanghai Conant Optical Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$106 Mil. Shanghai Conant Optical Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$129 Mil. Shanghai Conant Optical Co's annualized EBITDA for the quarter that ended in Dec. 2023 was HK$533 Mil. Shanghai Conant Optical Co's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.44.

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 Shanghai Conant Optical Co's Debt-to-EBITDA or its related term are showing as below:

HKSE:02276' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.46 Med: 2.31 Max: 2.72
Current: 0.46

During the past 6 years, the highest Debt-to-EBITDA Ratio of Shanghai Conant Optical Co was 2.72. The lowest was 0.46. And the median was 2.31.

HKSE:02276's Debt-to-EBITDA is ranked better than
69.7% of 429 companies
in the Medical Devices & Instruments industry
Industry Median: 1.26 vs HKSE:02276: 0.46

Shanghai Conant Optical Co Debt-to-EBITDA Historical Data

The historical data trend for Shanghai Conant Optical Co'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.

Shanghai Conant Optical Co Debt-to-EBITDA Chart

Shanghai Conant Optical Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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2.72

2.02

1.00

0.46

Shanghai Conant Optical Co Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial				1.96	1.32	0.96	0.68	0.44

Competitive Comparison of Shanghai Conant Optical Co's Debt-to-EBITDA

For the Medical Instruments & Supplies subindustry, Shanghai Conant Optical Co'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.

Shanghai Conant Optical Co's Debt-to-EBITDA Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Shanghai Conant Optical Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Shanghai Conant Optical Co's Debt-to-EBITDA falls into.

Shanghai Conant Optical Co Debt-to-EBITDA Calculation

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

Shanghai Conant Optical Co'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
	=	(105.683	+	129.428)	/	509.449
	=	0.46

Shanghai Conant Optical Co'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
	=	(105.683	+	129.428)	/	532.582
	=	0.44

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.

Shanghai Conant Optical Co (HKSE:02276) 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.

Shanghai Conant Optical Co Debt-to-EBITDA Related Terms

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

Shanghai Conant Optical Co (HKSE:02276) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shanghai Conant Optical Co Ltd (HKSE:02276) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 83, Hongxiang North Road, 1st Floor, Building 36, No. 1-42, Lin-gang Special Area, Pilot Free Trade Zone, Shanghai, CHN

Website

http://www.conantoptical.com.cn

Shanghai Conant Optical Co Ltd is a resin spectacle lens manufacturer in China. The company offers a wide range of resin spectacle lenses to its customers including standardized lenses and customized lenses. The products are mainly resin spectacle lenses with the refractive index of 1.499, 1.56, 1.60, 1.67, and 1.74. The spectacle lenses is also be tinted or coated or cast with various films or coatings for added functionality, such as polarised, photochromic, blue-ray blocking, anti-scratch, anti-reflection and anti-smudge.

Executives

Fei Zhengxiang

2101 Beneficial owner

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