CIMC Vehicles (Group) Co (SZSE:301039) Debt-to-EBITDA : 1.48 (As of Dec. 2023)

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What is CIMC Vehicles (Group) Co Debt-to-EBITDA?

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

CIMC Vehicles (Group) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥1,148 Mil. CIMC Vehicles (Group) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥455 Mil. CIMC Vehicles (Group) Co's annualized EBITDA for the quarter that ended in Dec. 2023 was ¥1,085 Mil. CIMC Vehicles (Group) Co's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 1.48.

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 CIMC Vehicles (Group) Co's Debt-to-EBITDA or its related term are showing as below:

SZSE:301039' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.42 Med: 1.13 Max: 1.56
Current: 1.38

During the past 8 years, the highest Debt-to-EBITDA Ratio of CIMC Vehicles (Group) Co was 1.56. The lowest was 0.42. And the median was 1.13.

SZSE:301039's Debt-to-EBITDA is ranked better than
63.86% of 166 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 2.06 vs SZSE:301039: 1.38

CIMC Vehicles (Group) Co Debt-to-EBITDA Historical Data

The historical data trend for CIMC Vehicles (Group) 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.

CIMC Vehicles (Group) Co Debt-to-EBITDA Chart

CIMC Vehicles (Group) Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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0.86

1.12

1.47

0.90

0.42

CIMC Vehicles (Group) Co Quarterly Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Debt-to-EBITDA	Get a 7-Day Free Trial												0.72	N/A	0.78	1.48	-

Competitive Comparison of CIMC Vehicles (Group) Co's Debt-to-EBITDA

For the Farm & Heavy Construction Machinery subindustry, CIMC Vehicles (Group) 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.

CIMC Vehicles (Group) Co's Debt-to-EBITDA Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, CIMC Vehicles (Group) Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where CIMC Vehicles (Group) Co's Debt-to-EBITDA falls into.

CIMC Vehicles (Group) Co Debt-to-EBITDA Calculation

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

CIMC Vehicles (Group) 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
	=	(1148.142	+	455.445)	/	3864.583
	=	0.41

CIMC Vehicles (Group) 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
	=	(1148.142	+	455.445)	/	1084.544
	=	1.48

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 four times the quarterly (Dec. 2023) EBITDA data.

CIMC Vehicles (Group) Co (SZSE:301039) 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.

CIMC Vehicles (Group) Co Debt-to-EBITDA Related Terms

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

CIMC Vehicles (Group) Co (SZSE:301039) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » CIMC Vehicles (Group) Co Ltd (SZSE:301039) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

01839:Hong Kong

Address

No. 2 Gangwan Avenue, Shekou Industrial Zone, Nanshan District, Guangdong, Shenzhen, CHN, 518067

Website

https://www.cimcvehiclesgroup.com

CIMC Vehicles (Group) Co Ltd is engaged in the manufacturing and sale of semi-trailers and truck bodies for specialty vehicles. The semi-trailers mainly include the following product lines, Container chassis trailers, Flatbed trailers & relevant derivative types, Curtain-side trailers, Van trailers, Refrigerated trailers, Tank trailers, and other special types of trailers. The truck body products include dump beds for dump trucks, mixers for mixer trucks, and a wide range of other truck bodies for specialty vehicles. Geographically, it operates in China, North America, Europe, and Other regions, out of which the majority is from China.

CIMC Vehicles (Group) Co (SZSE:301039) Headlines

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