DreamEast Group (HKSE:00593) Debt-to-EBITDA : -30.38 (As of Jun. 2023)

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What is DreamEast Group Debt-to-EBITDA?

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

DreamEast Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$5,039.60 Mil. DreamEast Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was HK$463.88 Mil. DreamEast Group's annualized EBITDA for the quarter that ended in Jun. 2023 was HK$-181.18 Mil. DreamEast Group's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 was -30.38.

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

HKSE:00593' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -213.99 Med: 0.69 Max: 17.85
Current: -6.21

During the past 13 years, the highest Debt-to-EBITDA Ratio of DreamEast Group was 17.85. The lowest was -213.99. And the median was 0.69.

HKSE:00593's Debt-to-EBITDA is ranked worse than
100% of 1259 companies
in the Real Estate industry
Industry Median: 5.7 vs HKSE:00593: -6.21

DreamEast Group Debt-to-EBITDA Historical Data

The historical data trend for DreamEast 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.

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DreamEast Group Debt-to-EBITDA Chart

DreamEast Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-EBITDA

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10.15

-213.99

-2.54

-22.08

-11.19

DreamEast Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-EBITDA	Get a 7-Day Free Trial															-14.29	-36.85	11.00	-3.69	-30.38

Competitive Comparison of DreamEast Group's Debt-to-EBITDA

For the Real Estate Services subindustry, DreamEast 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.

DreamEast Group's Debt-to-EBITDA Distribution in the Real Estate Industry

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

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

DreamEast Group Debt-to-EBITDA Calculation

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

DreamEast Group's Debt-to-EBITDA for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(5429.822	+	443.688)	/	-525.133
	=	-11.18

DreamEast Group's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(5039.602	+	463.884)	/	-181.182
	=	-30.38

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 (Jun. 2023) EBITDA data.

DreamEast Group (HKSE:00593) 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.

DreamEast Group Debt-to-EBITDA Related Terms

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

DreamEast Group (HKSE:00593) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » DreamEast Group Ltd (HKSE:00593) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Matheson Street, Suite 2901, Tower Two, Times Square, Hong Kong, HKG

Website

http://www.dreameast.com

DreamEast Group Ltd is engaged in tourism resorts and property development business. The company has two reportable segments namely Property development and leasing; and Tourism Park operations. The property development and leasing segment is engaged in property sales and leases to customers in property market. The tourism park operations segment is engaged in operation of theme parks and provision of food and beverage services in the theme parks. It generates maximum revenue from the Property development and leasing segment. Geographically, it derives the majority of revenue from PRC.

DreamEast Group (HKSE:00593) Headlines

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