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Chung Tai Resource Technology (ROCO:6923) Debt-to-EBITDA : 3.92 (As of Dec. 2023)


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What is Chung Tai Resource Technology Debt-to-EBITDA?

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

Chung Tai Resource Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$304 Mil. Chung Tai Resource Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$1,383 Mil. Chung Tai Resource Technology's annualized EBITDA for the quarter that ended in Dec. 2023 was NT$431 Mil. Chung Tai Resource Technology's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 3.92.

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 Chung Tai Resource Technology's Debt-to-EBITDA or its related term are showing as below:

ROCO:6923' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.33   Med: 5.19   Max: 9.26
Current: 3.5

During the past 5 years, the highest Debt-to-EBITDA Ratio of Chung Tai Resource Technology was 9.26. The lowest was 3.33. And the median was 5.19.

ROCO:6923's Debt-to-EBITDA is ranked worse than
50.55% of 182 companies
in the Waste Management industry
Industry Median: 3.495 vs ROCO:6923: 3.50

Chung Tai Resource Technology Debt-to-EBITDA Historical Data

The historical data trend for Chung Tai Resource Technology'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.

Chung Tai Resource Technology Debt-to-EBITDA Chart

Chung Tai Resource Technology Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
3.33 7.98 9.26 5.19 3.50

Chung Tai Resource Technology Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Debt-to-EBITDA Get a 7-Day Free Trial 10.05 6.46 4.39 3.09 3.92

Competitive Comparison of Chung Tai Resource Technology's Debt-to-EBITDA

For the Waste Management subindustry, Chung Tai Resource Technology'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.


Chung Tai Resource Technology's Debt-to-EBITDA Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Chung Tai Resource Technology's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Chung Tai Resource Technology's Debt-to-EBITDA falls into.



Chung Tai Resource Technology Debt-to-EBITDA Calculation

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

Chung Tai Resource Technology'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
=(304.319 + 1382.883) / 481.465
=3.50

Chung Tai Resource Technology'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
=(304.319 + 1382.883) / 430.712
=3.92

* 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.

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.


Chung Tai Resource Technology  (ROCO:6923) 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.


Chung Tai Resource Technology Debt-to-EBITDA Related Terms

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


Chung Tai Resource Technology (ROCO:6923) Business Description

Traded in Other Exchanges
N/A
Address
No. 328, Huanke Road, Guanyin District, Taoyuan City, TWN, 328451
Chung Tai Resource Technology Corp provides waste removal and treatment, Pyrolysis treatment system, Recycling of Waste Printed Circuit Boards, Incineration Thermal Power Generation and Comprehensive Treatment R&D Center, waste lighting sources recycling, and other services.

Chung Tai Resource Technology (ROCO:6923) Headlines

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