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Chison Medical Technologies Co (SHSE:688358) Debt-to-EBITDA : 0.05 (As of Mar. 2024)


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What is Chison Medical Technologies Co Debt-to-EBITDA?

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

Chison Medical Technologies Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥4.1 Mil. Chison Medical Technologies Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥5.6 Mil. Chison Medical Technologies Co's annualized EBITDA for the quarter that ended in Mar. 2024 was ¥210.4 Mil. Chison Medical Technologies Co's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 0.05.

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

SHSE:688358' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.01   Med: 0.03   Max: 0.07
Current: 0.07

During the past 8 years, the highest Debt-to-EBITDA Ratio of Chison Medical Technologies Co was 0.07. The lowest was 0.01. And the median was 0.03.

SHSE:688358's Debt-to-EBITDA is ranked better than
89.93% of 437 companies
in the Medical Devices & Instruments industry
Industry Median: 1.26 vs SHSE:688358: 0.07

Chison Medical Technologies Co Debt-to-EBITDA Historical Data

The historical data trend for Chison 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.

Chison Medical Technologies Co Debt-to-EBITDA Chart

Chison Medical Technologies Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
Get a 7-Day Free Trial - 0.02 0.01 0.05 0.07

Chison Medical Technologies Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.03 0.03 0.04 -0.15 0.05

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

For the Medical Devices subindustry, Chison 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.


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

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

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



Chison Medical Technologies Co Debt-to-EBITDA Calculation

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

Chison 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
=(4.023 + 6.316) / 157.824
=0.07

Chison Medical Technologies Co's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(4.051 + 5.554) / 210.412
=0.05

* 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.

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 (Mar. 2024) EBITDA data.


Chison Medical Technologies Co  (SHSE:688358) 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.


Chison Medical Technologies Co Debt-to-EBITDA Related Terms

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


Chison Medical Technologies Co (SHSE:688358) Business Description

Traded in Other Exchanges
N/A
Address
No.9, Xinhuihuan Road, Xinwu District, Jiangsu, Wuxi, CHN, 214028
Chison Medical Technologies Co Ltd is a manufacturer and seller of ultrasound medical imaging equipment. The company provides ultrasound diagnostic equipment, health equipment, instrumentation, electronic components, electronic products, electronic equipment, trolleys, general equipment and accessories. Its products include Color Doppler, and B/W system.

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