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Harbour Centre Development (HKSE:00051) Debt-to-EBITDA : -4.38 (As of Dec. 2023)


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What is Harbour Centre Development Debt-to-EBITDA?

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

Harbour Centre Development's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$22 Mil. Harbour Centre Development's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$504 Mil. Harbour Centre Development's annualized EBITDA for the quarter that ended in Dec. 2023 was HK$-120 Mil. Harbour Centre Development's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -4.38.

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 Harbour Centre Development's Debt-to-EBITDA or its related term are showing as below:

HKSE:00051' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -2.77   Med: 2.62   Max: 22.41
Current: 10.31

During the past 13 years, the highest Debt-to-EBITDA Ratio of Harbour Centre Development was 22.41. The lowest was -2.77. And the median was 2.62.

HKSE:00051's Debt-to-EBITDA is ranked worse than
68.75% of 1261 companies
in the Real Estate industry
Industry Median: 5.95 vs HKSE:00051: 10.31

Harbour Centre Development Debt-to-EBITDA Historical Data

The historical data trend for Harbour Centre Development'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.

Harbour Centre Development Debt-to-EBITDA Chart

Harbour Centre Development Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.33 -2.77 2.39 22.41 10.31

Harbour Centre Development Semi-Annual Data
Jun14 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.42 -14.41 5.90 3.37 -4.38

Competitive Comparison of Harbour Centre Development's Debt-to-EBITDA

For the Real Estate - Development subindustry, Harbour Centre Development'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.


Harbour Centre Development's Debt-to-EBITDA Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Harbour Centre Development's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Harbour Centre Development's Debt-to-EBITDA falls into.



Harbour Centre Development Debt-to-EBITDA Calculation

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

Harbour Centre Development'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
=(22 + 504) / 51
=10.31

Harbour Centre Development'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
=(22 + 504) / -120
=-4.38

* 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.


Harbour Centre Development  (HKSE:00051) 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.


Harbour Centre Development Debt-to-EBITDA Related Terms

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


Harbour Centre Development (HKSE:00051) Business Description

Traded in Other Exchanges
N/A
Address
Canton Road, 16th Floor, Ocean Centre, Harbour City, Kowloon, Hong Kong, HKG
Harbour Centre Development Ltd has engaged in the acquisition, development, design, construction, sales, and marketing of properties in China. The operating business segments are investments, development property, investment property, and hotels. The Development property segment do activities relating to the acquisition, development, design, construction, sales, and marketing of properties in Mainland China. The Investment property segment represents the property leasing of the company's investment properties in Hong Kong. The Hotel segment represents the operations of Marco Polo Hongkong Hotel and Marco Polo Changzhou. It also includes The Murray, which is under construction. Its maximum revenue is driven by the Development property segment and from the Mainland China region.
Executives
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Wheelock And Company Limited 2201 Interest of corporation controlled by you
Wharf Real Estate Investment Company Limited 2201 Interest of corporation controlled by you

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