Fire Rock Holdings (HKSE:01909) Debt-to-EBITDA : -0.04 (As of Dec. 2023)

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What is Fire Rock Holdings Debt-to-EBITDA?

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

Fire Rock Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.7 Mil. Fire Rock Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.5 Mil. Fire Rock Holdings's annualized EBITDA for the quarter that ended in Dec. 2023 was HK$-31.6 Mil. Fire Rock Holdings's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -0.04.

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 Fire Rock Holdings's Debt-to-EBITDA or its related term are showing as below:

During the past 10 years, the highest Debt-to-EBITDA Ratio of Fire Rock Holdings was 9.06. The lowest was -0.61. And the median was 0.02.

HKSE:01909's Debt-to-EBITDA is not ranked ^*
in the Interactive Media industry.
Industry Median: 0.79
* Ranked among companies with meaningful Debt-to-EBITDA only.

Fire Rock Holdings Debt-to-EBITDA Historical Data

The historical data trend for Fire Rock Holdings'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.

Fire Rock Holdings Debt-to-EBITDA Chart

Fire Rock Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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0.04

0.02

-0.61

9.06

Fire Rock Holdings Semi-Annual Data
	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														-0.22	9.74	9.24	-	-0.04

Competitive Comparison of Fire Rock Holdings's Debt-to-EBITDA

For the Electronic Gaming & Multimedia subindustry, Fire Rock Holdings'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.

Fire Rock Holdings's Debt-to-EBITDA Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Fire Rock Holdings's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Fire Rock Holdings's Debt-to-EBITDA falls into.

Fire Rock Holdings Debt-to-EBITDA Calculation

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

Fire Rock Holdings'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
	=	(0.708	+	0.507)	/	592.191
	=	0.00

Fire Rock Holdings'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
	=	(0.708	+	0.507)	/	-31.63
	=	-0.04

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.

Fire Rock Holdings (HKSE:01909) 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.

Fire Rock Holdings Debt-to-EBITDA Related Terms

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

Fire Rock Holdings (HKSE:01909) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Fire Rock Holdings Ltd (HKSE:01909) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Science Park Road, Unit 02–25 Teletech Park, Singapore, SGP, 117674

Website

http://www.firerock.hk

Fire Rock Holdings Ltd is an investment holding company engaged in the development of browser and mobile games. It is also involved in game design, programming, and graphics and licensing game products to other game operators. Its segments are Game & software development and Game operation. The company offers games in different language versions. The games of the company include g-game, number drop, kings and legends, heroines of three kingdoms and hero's crown, and much more. Its geographical segments are the People's Republic of China, Europe, Asia Pacific, and North America.

Executives

Zhang Yan	2201 Interest of corporation controlled by you
Sulfulon International Limited	2101 Beneficial owner
Hu Po	2101 Beneficial owner
Zhang Xiongfeng	2101 Beneficial owner

Fire Rock Holdings (HKSE:01909) Headlines

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