IMAX China Holding (HKSE:01970) Debt-to-EBITDA : 0.03 (As of Dec. 2023)

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What is IMAX China Holding Debt-to-EBITDA?

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

IMAX China Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$3.3 Mil. IMAX China Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$10.3 Mil. IMAX China Holding's annualized EBITDA for the quarter that ended in Dec. 2023 was HK$413.5 Mil. IMAX China Holding's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.03.

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 IMAX China Holding's Debt-to-EBITDA or its related term are showing as below:

HKSE:01970' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.03 Med: 0.26 Max: 0.88
Current: 0.03

During the past 12 years, the highest Debt-to-EBITDA Ratio of IMAX China Holding was 0.88. The lowest was 0.03. And the median was 0.26.

HKSE:01970's Debt-to-EBITDA is ranked better than
96.18% of 680 companies
in the Media - Diversified industry
Industry Median: 1.69 vs HKSE:01970: 0.03

IMAX China Holding Debt-to-EBITDA Historical Data

The historical data trend for IMAX China Holding'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.

IMAX China Holding Debt-to-EBITDA Chart

IMAX China Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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0.88

0.06

0.46

0.03

IMAX China Holding 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															0.06	0.01	0.36	0.19	0.03

Competitive Comparison of IMAX China Holding's Debt-to-EBITDA

For the Entertainment subindustry, IMAX China Holding'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.

IMAX China Holding's Debt-to-EBITDA Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, IMAX China Holding's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where IMAX China Holding's Debt-to-EBITDA falls into.

IMAX China Holding Debt-to-EBITDA Calculation

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

IMAX China Holding'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
	=	(3.343	+	10.286)	/	420.472
	=	0.03

IMAX China Holding'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
	=	(3.343	+	10.286)	/	413.498
	=	0.03

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.

IMAX China Holding (HKSE:01970) 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.

IMAX China Holding Debt-to-EBITDA Related Terms

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

IMAX China Holding (HKSE:01970) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » IMAX China Holding Inc (HKSE:01970) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

IMXCF:USA IMK:Germany

Address

No. 128 West Nanjing Road, 7th Floor, Verdant Place, Huangpu District, Shanghai, CHN, 200003

Website

http://www.imax.cn

IMAX China Holding Inc is an investment holding company that operates in the Entertainment industry in China. The company, a subsidiary of IMAX Corporation, creates and distributes proprietary cinema presentation technology. It operates in the following segments: IMAX Technology Network, which earns revenue based on contingent box office receipts and includes the IMAX DMR films segment and contingent rent from the revenue sharing arrangements segment; IMAX Technology Sales and Maintenance, which includes results from IMAX Systems, IMAX Maintenance, and Other Theatre Business, as well as upfront fees from the revenue sharing arrangements; and New Business Initiatives and Other, which includes activities related to the exploration of new lines of business.

Executives

Imax (barbados) Holdings, Inc.
Imax Corporation

IMAX China Holding (HKSE:01970) Headlines

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