Solis Holdings (HKSE:02227) Debt-to-EBITDA : 1.33 (As of Dec. 2023)

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What is Solis Holdings Debt-to-EBITDA?

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

Solis Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1.5 Mil. Solis Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$31.8 Mil. Solis Holdings's annualized EBITDA for the quarter that ended in Dec. 2023 was HK$25.0 Mil. Solis Holdings's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 1.33.

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

HKSE:02227' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -37.41 Med: 0.26 Max: 3.27
Current: 3.27

During the past 10 years, the highest Debt-to-EBITDA Ratio of Solis Holdings was 3.27. The lowest was -37.41. And the median was 0.26.

HKSE:02227's Debt-to-EBITDA is ranked worse than
60.61% of 1310 companies
in the Construction industry
Industry Median: 2.28 vs HKSE:02227: 3.27

Solis Holdings Debt-to-EBITDA Historical Data

The historical data trend for Solis 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.

Solis Holdings Debt-to-EBITDA Chart

Solis Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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-37.41

3.27

Solis Holdings Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial												-	-0.98	40.36	-7.42	1.33

Competitive Comparison of Solis Holdings's Debt-to-EBITDA

For the Engineering & Construction subindustry, Solis 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.

Solis Holdings's Debt-to-EBITDA Distribution in the Construction Industry

For the Construction industry and Industrials sector, Solis Holdings's Debt-to-EBITDA distribution charts can be found below:

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

Solis Holdings Debt-to-EBITDA Calculation

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

Solis 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
	=	(1.536	+	31.759)	/	10.172
	=	3.27

Solis 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
	=	(1.536	+	31.759)	/	25.01
	=	1.33

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.

Solis Holdings (HKSE:02227) 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.

Solis Holdings Debt-to-EBITDA Related Terms

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

Solis Holdings (HKSE:02227) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Solis Holdings Ltd (HKSE:02227) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

85 Tagore Lane, Singapore, SGP, 787527

Website

http://www.thesolisgrp.com

Solis Holdings Ltd is an investment holding company. The company specializes in electrical engineering, and its projects include new building developments, and major additions and alterations (A&A) works, which include private residential, mixed residential & commercial developments, and institutional buildings. It also operates as a subcontractor for the installation works of air-conditioning and mechanical ventilation systems, and fire protection systems. All of its revenues are derived from Singapore.

Executives

Lim Sim Swee	2202 Interest of your spouse
Tay Yong Hua	2201 Interest of corporation controlled by you
Hmk Investment Holdings Limited	2101 Beneficial owner
Tay Yong Meng	2201 Interest of corporation controlled by you
Teo (zhang) Kenneth Swee Cheng (kenneth Ruiqing)	2201 Interest of corporation controlled by you
Zheng Mingqiang	2101 Beneficial owner

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