Meihua International Medical Technologies Co (Meihua International Medical Technologies Co) Debt-to-EBITDA : 0.59 (As of Dec. 2023)

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What is Meihua International Medical Technologies Co Debt-to-EBITDA?

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

Meihua International Medical Technologies Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7.33 Mil. Meihua International Medical Technologies Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.01 Mil. Meihua International Medical Technologies Co's annualized EBITDA for the quarter that ended in Dec. 2023 was $12.50 Mil. Meihua International Medical Technologies Co's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.59.

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 Meihua International Medical Technologies Co's Debt-to-EBITDA or its related term are showing as below:

MHUA' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.13 Med: 0.19 Max: 0.59
Current: 0.47

During the past 5 years, the highest Debt-to-EBITDA Ratio of Meihua International Medical Technologies Co was 0.59. The lowest was 0.13. And the median was 0.19.

MHUA's Debt-to-EBITDA is ranked better than
69.44% of 432 companies
in the Medical Devices & Instruments industry
Industry Median: 1.21 vs MHUA: 0.47

Meihua International Medical Technologies Co Debt-to-EBITDA Historical Data

The historical data trend for Meihua International Medical Technologies 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.

Meihua International Medical Technologies Co Debt-to-EBITDA Chart

Meihua International Medical Technologies Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

0.13

0.19

0.59

0.47

Meihua International Medical Technologies Co Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial				0.17	0.30	1.48	0.38	0.59

Competitive Comparison of Meihua International Medical Technologies Co's Debt-to-EBITDA

For the Medical Instruments & Supplies subindustry, Meihua International Medical Technologies 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.

Meihua International Medical Technologies Co's Debt-to-EBITDA Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Meihua International Medical Technologies Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Meihua International Medical Technologies Co's Debt-to-EBITDA falls into.

Meihua International Medical Technologies Co Debt-to-EBITDA Calculation

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

Meihua International Medical Technologies 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
	=	(7.327	+	0.005)	/	15.771
	=	0.46

Meihua International Medical Technologies 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
	=	(7.327	+	0.005)	/	12.498
	=	0.59

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.

Meihua International Medical Technologies Co (NAS:MHUA) 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.

Meihua International Medical Technologies Co Debt-to-EBITDA Related Terms

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

Meihua International Medical Technologies Co (Meihua International Medical Technologies Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Meihua International Medical Technologies Co Ltd (NAS:MHUA) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

88 Tongda Road, Touqiao Town, Guangling District, Yangzhou, CHN, 225000

Website

http://www.meihuamed.com

Meihua International Medical Technologies Co Ltd is engaged in providing disposable medical devices. It serves hospitals, pharmacies, medical institutions, and medical equipment companies. Its product offerings include a Disposable Medical mask, Disposable ID Bracelet, Disposable Artificial Anal bag, Disposable Catheter, and Electonic pump among others.