CMGE Technology Group (HKSE:00302) Debt-to-EBITDA : 50.77 (As of Dec. 2023)

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What is CMGE Technology Group Debt-to-EBITDA?

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

CMGE Technology Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$554 Mil. CMGE Technology Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$17 Mil. CMGE Technology Group's annualized EBITDA for the quarter that ended in Dec. 2023 was HK$11 Mil. CMGE Technology Group's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 50.77.

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 CMGE Technology Group's Debt-to-EBITDA or its related term are showing as below:

HKSE:00302' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -10.35 Med: 0.37 Max: 4.24
Current: 4.24

During the past 8 years, the highest Debt-to-EBITDA Ratio of CMGE Technology Group was 4.24. The lowest was -10.35. And the median was 0.37.

HKSE:00302's Debt-to-EBITDA is ranked worse than
85.25% of 278 companies
in the Interactive Media industry
Industry Median: 0.82 vs HKSE:00302: 4.24

CMGE Technology Group Debt-to-EBITDA Historical Data

The historical data trend for CMGE Technology Group'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.

CMGE Technology Group Debt-to-EBITDA Chart

CMGE Technology Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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1.10

0.56

0.95

-10.35

4.24

CMGE Technology Group 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									1.14	10.42	-2.78	1.79	50.77

Competitive Comparison of CMGE Technology Group's Debt-to-EBITDA

For the Electronic Gaming & Multimedia subindustry, CMGE Technology Group'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.

CMGE Technology Group's Debt-to-EBITDA Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, CMGE Technology Group's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where CMGE Technology Group's Debt-to-EBITDA falls into.

CMGE Technology Group Debt-to-EBITDA Calculation

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

CMGE Technology Group'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
	=	(553.536	+	17.315)	/	134.694
	=	4.24

CMGE Technology Group'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
	=	(553.536	+	17.315)	/	11.244
	=	50.77

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.

CMGE Technology Group (HKSE:00302) 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.

CMGE Technology Group Debt-to-EBITDA Related Terms

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

CMGE Technology Group (HKSE:00302) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » CMGE Technology Group Ltd (HKSE:00302) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhongkang North Road, 10th Floor, Building No. 4, Zhuoyue Meilin Center Square, Futian District, Guangdong Province, Shenzhen, CHN

Website

https://www.cmge.com

CMGE is an IP-based mobile game developer and publisher in China with 55 licensed IPs and 68 proprietary IPs as of the end of 2021. The company has over 80 games on the shelf and over 20 games with lifecycles of over three years. Average monthly active users, or MAUs, of CMGE games reached 19.1 million in 2021. The market share of CMGE for online gaming grossing income in 2021 was around 1%.

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