SOCAM Development (HKSE:00983) Debt-to-EBITDA : 12.73 (As of Dec. 2023)

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What is SOCAM Development Debt-to-EBITDA?

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

SOCAM Development's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,646 Mil. SOCAM Development's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,512 Mil. SOCAM Development's annualized EBITDA for the quarter that ended in Dec. 2023 was HK$248 Mil. SOCAM Development's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 12.73.

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

HKSE:00983' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -11.77 Med: 6.04 Max: 18.29
Current: 11.53

During the past 13 years, the highest Debt-to-EBITDA Ratio of SOCAM Development was 18.29. The lowest was -11.77. And the median was 6.04.

HKSE:00983's Debt-to-EBITDA is ranked worse than
72.86% of 1264 companies
in the Real Estate industry
Industry Median: 5.9 vs HKSE:00983: 11.53

SOCAM Development Debt-to-EBITDA Historical Data

The historical data trend for SOCAM 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.

SOCAM Development Debt-to-EBITDA Chart

SOCAM Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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5.89

6.19

6.78

18.29

11.53

SOCAM 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															5.93	10.79	64.77	10.23	12.73

Competitive Comparison of SOCAM Development's Debt-to-EBITDA

For the Real Estate - Development subindustry, SOCAM 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.

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

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

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

SOCAM Development Debt-to-EBITDA Calculation

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

SOCAM 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
	=	(1646	+	1512)	/	274
	=	11.53

SOCAM 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
	=	(1646	+	1512)	/	248
	=	12.73

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.

SOCAM Development (HKSE:00983) 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.

SOCAM Development Debt-to-EBITDA Related Terms

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

SOCAM Development (HKSE:00983) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » SOCAM Development Ltd (HKSE:00983) » Definitions » Debt-to-EBITDA

Traded in Other Exchanges

N/A

Address

6-8 Harbour Road, 34th Floor, Shui On Centre, Hong Kong, HKG

Website

https://www.socam.com

SOCAM Development Ltd is an investment holding company. The company along with its subsidiaries is principally engaged in property segment which includes Property development and construction and maintenance segment includes contracting ,renovation and fitting out, smart facilities management and Other businesses segment includes venture capital investment and others. The group's majority of the revenue comes from Construction and maintenance segment in which Hongkong is the major contributor when it comes to revenue.

Executives

Lo Hong Sui	2307 Founder of a discretionary trust who can infl
Lo Bo Yue, Stephanie	2501 Other
Bosrich Holdings (ptc) Inc.	2301 Trustee
Hsbc International Trustee Limited	2301 Trustee
Shui On Company Limited	2101 Beneficial owner
Chu Loletta	2202 Interest of your spouse
Right Ying Holdings Limited	2201 Interest of corporation controlled by you
Tmf (cayman) Ltd.	2301 Trustee
Sun Yinhuan	2307 Founder of a discretionary trust who can infl

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