Tian Ruixiang Holdings (Tian Ruixiang Holdings) Debt-to-EBITDA : -0.03 (As of Apr. 2023)

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What is Tian Ruixiang Holdings Debt-to-EBITDA?

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

Tian Ruixiang Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2023 was $0.08 Mil. Tian Ruixiang Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2023 was $0.02 Mil. Tian Ruixiang Holdings's annualized EBITDA for the quarter that ended in Apr. 2023 was $-3.74 Mil. Tian Ruixiang Holdings's annualized Debt-to-EBITDA for the quarter that ended in Apr. 2023 was -0.03.

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

TIRX' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.33 Med: 0.24 Max: 0.41
Current: -0.03

During the past 6 years, the highest Debt-to-EBITDA Ratio of Tian Ruixiang Holdings was 0.41. The lowest was -0.33. And the median was 0.24.

TIRX's Debt-to-EBITDA is ranked worse than
100% of 298 companies
in the Insurance industry
Industry Median: 1.415 vs TIRX: -0.03

Tian Ruixiang Holdings Debt-to-EBITDA Historical Data

The historical data trend for Tian Ruixiang 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.

Tian Ruixiang Holdings Debt-to-EBITDA Chart

Tian Ruixiang Holdings Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Debt-to-EBITDA

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0.24

0.25

0.41

-0.33

-0.03

Tian Ruixiang Holdings Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
Debt-to-EBITDA	Get a 7-Day Free Trial							-0.53	-0.20	-0.06	-0.07	-0.03

Competitive Comparison of Tian Ruixiang Holdings's Debt-to-EBITDA

For the Insurance Brokers subindustry, Tian Ruixiang 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.

Tian Ruixiang Holdings's Debt-to-EBITDA Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Tian Ruixiang Holdings's Debt-to-EBITDA distribution charts can be found below:

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

Tian Ruixiang Holdings Debt-to-EBITDA Calculation

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

Tian Ruixiang Holdings's Debt-to-EBITDA for the fiscal year that ended in Oct. 2022 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.091	+	0.055)	/	-4.737
	=	-0.03

Tian Ruixiang Holdings's annualized Debt-to-EBITDA for the quarter that ended in Apr. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.083	+	0.017)	/	-3.744
	=	-0.03

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 (Apr. 2023) EBITDA data.

Tian Ruixiang Holdings (NAS:TIRX) 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.

Tian Ruixiang Holdings Debt-to-EBITDA Related Terms

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

Tian Ruixiang Holdings (Tian Ruixiang Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Tian Ruixiang Holdings Ltd (NAS:TIRX) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

North East Third Ring Road, Room 1001, 10 / F, No. 25, Chaoyang District, Beijing, CHN

Website

http://www.tianrx.com

Tian Ruixiang Holdings Ltd is an Insurance Brokerage firm. It distributes a wide range of insurance products, which are categorized into two groups; property and casualty insurance, such as commercial property insurance, liability insurance, accidental insurance, and automobile insurance; and other insurances, such as health insurance, life insurance, and miscellaneous insurances. It also generates a small amount of revenue from risk management services. The firm act on behalf of its customers seeking insurance coverage from insurance companies. It generates revenue from the provision of insurance brokerage services.