BOC Aviation (HKSE:02588) Debt-to-EBITDA : 11.92 (As of Dec. 2023)

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What is BOC Aviation Debt-to-EBITDA?

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

BOC Aviation's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$24,188 Mil. BOC Aviation's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$104,869 Mil. BOC Aviation's annualized EBITDA for the quarter that ended in Dec. 2023 was HK$10,829 Mil. BOC Aviation's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 11.92.

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 BOC Aviation's Debt-to-EBITDA or its related term are showing as below:

HKSE:02588' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 9.52 Med: 10.41 Max: 12.28
Current: 12.27

During the past 12 years, the highest Debt-to-EBITDA Ratio of BOC Aviation was 12.28. The lowest was 9.52. And the median was 10.41.

HKSE:02588's Debt-to-EBITDA is ranked worse than
92.88% of 829 companies
in the Business Services industry
Industry Median: 1.84 vs HKSE:02588: 12.27

BOC Aviation Debt-to-EBITDA Historical Data

The historical data trend for BOC Aviation'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.

BOC Aviation Debt-to-EBITDA Chart

BOC Aviation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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9.59

11.60

10.86

9.52

12.28

BOC Aviation Semi-Annual Data
	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial															11.54	8.96	11.04	12.11	11.92

Competitive Comparison of BOC Aviation's Debt-to-EBITDA

For the Rental & Leasing Services subindustry, BOC Aviation'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.

BOC Aviation's Debt-to-EBITDA Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, BOC Aviation's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where BOC Aviation's Debt-to-EBITDA falls into.

BOC Aviation Debt-to-EBITDA Calculation

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

BOC Aviation'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
	=	(24188.356	+	104868.675)	/	10506.586
	=	12.28

BOC Aviation'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
	=	(24188.356	+	104868.675)	/	10828.568
	=	11.92

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.

BOC Aviation (HKSE:02588) 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.

BOC Aviation Debt-to-EBITDA Related Terms

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

BOC Aviation (HKSE:02588) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » BOC Aviation Ltd (HKSE:02588) » Definitions » Debt-to-EBITDA

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BCVVF:USA

Address

79 Robinson Road, No. 15-01, Singapore, SGP, 068897

Website

https://www.bocaviation.com

BOC Aviation is the world's fifth-largest aircraft leasing company by net book value of owned aircraft, with a portfolio of more than 600 commercial passenger and cargo aircraft. The company was founded in 1993 in Singapore as a joint venture between Singapore Airlines and U.S.-based Boullioun Aviation Services. In 2006, the company was acquired by the Bank of China and took on its current name. Listed on the Stock Exchange of Hong Kong in 2016, BOC Aviation remains headquartered in Singapore, but has operations in Dublin, London, New York, and Tianjin. Bank of China remains its largest shareholder with a 70% stake. BOC Aviation has an international management team with its key leaders having more than 30 years of experience in the aircraft and leasing business.

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