True Partner Capital Holding (HKSE:08657) Debt-to-EBITDA : -0.02 (As of Dec. 2023)

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What is True Partner Capital Holding Debt-to-EBITDA?

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

True Partner Capital Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1.37 Mil. True Partner Capital Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.35 Mil. True Partner Capital Holding's annualized EBITDA for the quarter that ended in Dec. 2023 was HK$-81.63 Mil. True Partner Capital Holding's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -0.02.

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 True Partner Capital Holding's Debt-to-EBITDA or its related term are showing as below:

HKSE:08657' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.2 Med: -0.04 Max: 0.05
Current: -0.03

During the past 6 years, the highest Debt-to-EBITDA Ratio of True Partner Capital Holding was 0.05. The lowest was -0.20. And the median was -0.04.

HKSE:08657's Debt-to-EBITDA is ranked worse than
100% of 358 companies
in the Asset Management industry
Industry Median: 1.315 vs HKSE:08657: -0.03

True Partner Capital Holding Debt-to-EBITDA Historical Data

The historical data trend for True Partner Capital 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.

True Partner Capital Holding Debt-to-EBITDA Chart

True Partner Capital Holding Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

Get a 7-Day Free Trial

-0.20

0.05

-0.04

-0.10

-0.03

True Partner Capital Holding Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial															-0.06	-	-0.04	-	-0.02

Competitive Comparison of True Partner Capital Holding's Debt-to-EBITDA

For the Asset Management subindustry, True Partner Capital 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.

True Partner Capital Holding's Debt-to-EBITDA Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, True Partner Capital Holding's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where True Partner Capital Holding's Debt-to-EBITDA falls into.

True Partner Capital Holding Debt-to-EBITDA Calculation

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

True Partner Capital 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
	=	(1.367	+	0.353)	/	-62.217
	=	-0.03

True Partner Capital 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
	=	(1.367	+	0.353)	/	-81.632
	=	-0.02

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 four times the quarterly (Dec. 2023) EBITDA data.

True Partner Capital Holding (HKSE:08657) 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.

True Partner Capital Holding Debt-to-EBITDA Related Terms

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

True Partner Capital Holding (HKSE:08657) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » True Partner Capital Holding Ltd (HKSE:08657) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 Canton Road, The Gateway, Suites 2902-3, 29th Floor, The Gateway Tower 2, Harbour City,Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.truepartnercapital.com

True Partner Capital Holding Ltd is an investment holding company principally engaged in fund management business and consultancy services. The Company manages funds and managed accounts on a discretionary basis using a global volatility relative value trading strategy supported by its own in-house proprietary trading platform. The Company also provides consultancy services to complement the fund management business.

Executives

Chan Kong Yoke Keow	2202 Interest of your spouse
Chan Heng Fai Ambrose	2201 Interest of corporation controlled by you
Hekster Tobias Benjamin	2101 Beneficial owner
Kurpershoek-hekster Franca	2202 Interest of your spouse
Van Bakel Roy	2101 Beneficial owner
Heijboer Godefriedus Jelte	2101 Beneficial owner
Wong Rosa Maria	2202 Interest of your spouse
Dss, Inc.	2201 Interest of corporation controlled by you
True Partner International Limited	2101 Beneficial owner
Dss Securities, Inc.	2201 Interest of corporation controlled by you
Dss Financial Management, Inc.	2201 Interest of corporation controlled by you
Hfe Holdings Limited	2201 Interest of corporation controlled by you
Alset Ehome International Inc.	2201 Interest of corporation controlled by you
Van Put Ralph Paul Johan	2201 Interest of corporation controlled by you
True Partner Participation Limited	2101 Beneficial owner

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