Huzhou Gas Co (HKSE:06661) Debt-to-EBITDA : 0.06 (As of Dec. 2023)

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What is Huzhou Gas Co Debt-to-EBITDA?

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

Huzhou Gas Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1 Mil. Huzhou Gas Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$21 Mil. Huzhou Gas Co's annualized EBITDA for the quarter that ended in Dec. 2023 was HK$330 Mil. Huzhou Gas Co's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.06.

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 Huzhou Gas Co's Debt-to-EBITDA or its related term are showing as below:

HKSE:06661' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0.07
Current: 0.07

During the past 5 years, the highest Debt-to-EBITDA Ratio of Huzhou Gas Co was 0.07. The lowest was 0.00. And the median was 0.00.

HKSE:06661's Debt-to-EBITDA is not ranked
in the Utilities - Regulated industry.
Industry Median: 3.675 vs HKSE:06661: 0.07

Huzhou Gas Co Debt-to-EBITDA Historical Data

The historical data trend for Huzhou Gas Co'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.

Huzhou Gas Co Debt-to-EBITDA Chart

Huzhou Gas Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

0.04

0.07

Huzhou Gas Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial			-	0.24	0.03	0.10	0.06

Competitive Comparison of Huzhou Gas Co's Debt-to-EBITDA

For the Utilities - Regulated Gas subindustry, Huzhou Gas Co'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.

Huzhou Gas Co's Debt-to-EBITDA Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Huzhou Gas Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Huzhou Gas Co's Debt-to-EBITDA falls into.

Huzhou Gas Co Debt-to-EBITDA Calculation

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

Huzhou Gas Co'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
	=	(0.614	+	20.671)	/	316.59
	=	0.07

Huzhou Gas Co'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
	=	(0.614	+	20.671)	/	330.31
	=	0.06

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.

Huzhou Gas Co (HKSE:06661) 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.

Huzhou Gas Co Debt-to-EBITDA Related Terms

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

Huzhou Gas Co (HKSE:06661) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Huzhou Gas Co Ltd (HKSE:06661) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

227 Sizhong Road, Zhejiang Province, Huzhou, CHN

Website

https://www.hzrqgf.com

Huzhou Gas Co Ltd is the largest piped natural gas distributor. The principal business of the company comprises of sale of gas, mainly PNG under the Concessions; provision of construction and installation services to construct and install end-user pipeline network and gas facilities for customers such as property developers and owners or occupants of residential and non-residential properties; and others, including sale of household gas appliances.

Huzhou Gas Co (HKSE:06661) Headlines

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