CSSC (Hong Kong) Shipping Co (HKSE:03877) Debt-to-EBITDA : 9.04 (As of Dec. 2023)

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What is CSSC (Hong Kong) Shipping Co Debt-to-EBITDA?

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

CSSC (Hong Kong) Shipping Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0 Mil. CSSC (Hong Kong) Shipping Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$31,357 Mil. CSSC (Hong Kong) Shipping Co's annualized EBITDA for the quarter that ended in Dec. 2023 was HK$3,468 Mil. CSSC (Hong Kong) Shipping Co's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 9.04.

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 CSSC (Hong Kong) Shipping Co's Debt-to-EBITDA or its related term are showing as below:

HKSE:03877' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 8.86 Med: 11.15 Max: 19.92
Current: 8.86

During the past 8 years, the highest Debt-to-EBITDA Ratio of CSSC (Hong Kong) Shipping Co was 19.92. The lowest was 8.86. And the median was 11.15.

HKSE:03877's Debt-to-EBITDA is ranked worse than
89.16% of 830 companies
in the Business Services industry
Industry Median: 1.87 vs HKSE:03877: 8.86

CSSC (Hong Kong) Shipping Co Debt-to-EBITDA Historical Data

The historical data trend for CSSC (Hong Kong) Shipping 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.

CSSC (Hong Kong) Shipping Co Debt-to-EBITDA Chart

CSSC (Hong Kong) Shipping Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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9.30

10.41

13.22

9.30

8.86

CSSC (Hong Kong) Shipping Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial									11.95	9.70	9.35	7.51	9.04

Competitive Comparison of CSSC (Hong Kong) Shipping Co's Debt-to-EBITDA

For the Rental & Leasing Services subindustry, CSSC (Hong Kong) Shipping 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.

CSSC (Hong Kong) Shipping Co's Debt-to-EBITDA Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, CSSC (Hong Kong) Shipping Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where CSSC (Hong Kong) Shipping Co's Debt-to-EBITDA falls into.

CSSC (Hong Kong) Shipping Co Debt-to-EBITDA Calculation

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

CSSC (Hong Kong) Shipping 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
	=	(0	+	31357.383)	/	3538.525
	=	8.86

CSSC (Hong Kong) Shipping 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
	=	(0	+	31357.383)	/	3468.304
	=	9.04

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.

CSSC (Hong Kong) Shipping Co (HKSE:03877) 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.

CSSC (Hong Kong) Shipping Co Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of CSSC (Hong Kong) Shipping Co's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

CSSC (Hong Kong) Shipping Co (HKSE:03877) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » CSSC (Hong Kong) Shipping Co Ltd (HKSE:03877) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

3LL:Germany

Address

19 Des Voeux Road Central, Room 1801, 18th Floor, World-wide House, Hong Kong, HKG

Website

https://www.csscshipping.cn

CSSC (Hong Kong) Shipping Co Ltd is a shipyard-affiliated leasing company in Greater China. As a player in the ship leasing industry, it offers customized ship leasing solutions that suit customers' different needs. The core business of the group is the provision of leasing services, which include finance leases and operating leases. It operates through the below segments: Leasing services, Shipbroking services, and Loan borrowings. The Leasing services segment that derives the majority of revenue provides Leasing services.

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