Forward Fashion (International) Holdings Co (HKSE:02528) Debt-to-EBITDA : -52.48 (As of Dec. 2023)

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What is Forward Fashion (International) Holdings Co Debt-to-EBITDA?

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

Forward Fashion (International) Holdings Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$146 Mil. Forward Fashion (International) Holdings Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$119 Mil. Forward Fashion (International) Holdings Co's annualized EBITDA for the quarter that ended in Dec. 2023 was HK$-5 Mil. Forward Fashion (International) Holdings Co's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -52.48.

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 Forward Fashion (International) Holdings Co's Debt-to-EBITDA or its related term are showing as below:

HKSE:02528' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.31 Med: 1.69 Max: 196.34
Current: 196.34

During the past 8 years, the highest Debt-to-EBITDA Ratio of Forward Fashion (International) Holdings Co was 196.34. The lowest was 1.31. And the median was 1.69.

HKSE:02528's Debt-to-EBITDA is ranked worse than
99.41% of 841 companies
in the Retail - Cyclical industry
Industry Median: 2.68 vs HKSE:02528: 196.34

Forward Fashion (International) Holdings Co Debt-to-EBITDA Historical Data

The historical data trend for Forward Fashion (International) Holdings 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.

Forward Fashion (International) Holdings Co Debt-to-EBITDA Chart

Forward Fashion (International) Holdings Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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1.78

3.36

1.31

1.48

1.60

Forward Fashion (International) Holdings Co Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial								6.25	-25.02	-14.28	33.34	-52.48

Competitive Comparison of Forward Fashion (International) Holdings Co's Debt-to-EBITDA

For the Apparel Retail subindustry, Forward Fashion (International) Holdings 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.

Forward Fashion (International) Holdings Co's Debt-to-EBITDA Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Forward Fashion (International) Holdings Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Forward Fashion (International) Holdings Co's Debt-to-EBITDA falls into.

Forward Fashion (International) Holdings Co Debt-to-EBITDA Calculation

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

Forward Fashion (International) Holdings 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
	=	(146.388	+	119.256)	/	165.938
	=	1.60

Forward Fashion (International) Holdings 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
	=	(146.388	+	119.256)	/	-5.062
	=	-52.48

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.

Forward Fashion (International) Holdings Co (HKSE:02528) 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.

Forward Fashion (International) Holdings Co Debt-to-EBITDA Related Terms

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

Forward Fashion (International) Holdings Co (HKSE:02528) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Forward Fashion (International) Holdings Co Ltd (HKSE:02528) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

The Gateway, Harbour City, Suite 1204, 12th Floor, Tower 6, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.forward-fashion.com

Forward Fashion (International) Holdings Co Ltd is engaged in the retail of fashion apparel of international brands ranging from designer label brands, and popular brands to up-and-coming brands in Greater China. Its brands include UM, UM IXOX, and IXOX. It has opened mono-brand stores in Greater China for the brands BLACK BARRETT, CK CALVIN KLEIN, Calvin Klein Jeans, Calvin Klein Performance, Calvin Klein Underwear, EA7, Ed Hardy, Hogan, Moschino, Neil Barrett, Philipp Plein, Tommy Hilfiger and Under Armour. It has a business presence in Mainland China, Macau, Hong Kong, and Other regions.

Forward Fashion (International) Holdings Co (HKSE:02528) Headlines

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