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TRSG (Tungray Technologies) Debt-to-EBITDA : 0.83 (As of Dec. 2023)


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What is Tungray Technologies Debt-to-EBITDA?

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

Tungray Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.31 Mil. Tungray Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2.30 Mil. Tungray Technologies's annualized EBITDA for the quarter that ended in Dec. 2023 was $3.15 Mil. Tungray Technologies's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.83.

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

TRSG' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.92   Med: 1.2   Max: 2.21
Current: 1.4

During the past 4 years, the highest Debt-to-EBITDA Ratio of Tungray Technologies was 2.21. The lowest was 0.92. And the median was 1.20.

TRSG's Debt-to-EBITDA is ranked better than
55.68% of 2297 companies
in the Industrial Products industry
Industry Median: 1.67 vs TRSG: 1.40

Tungray Technologies Debt-to-EBITDA Historical Data

The historical data trend for Tungray Technologies'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.

Tungray Technologies Debt-to-EBITDA Chart

Tungray Technologies Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
2.21 0.92 0.99 1.40

Tungray Technologies Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Debt-to-EBITDA Get a 7-Day Free Trial 0.80 1.07 1.12 5.31 0.83

Competitive Comparison of Tungray Technologies's Debt-to-EBITDA

For the Metal Fabrication subindustry, Tungray Technologies'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.

Tungray Technologies's Debt-to-EBITDA Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tungray Technologies's Debt-to-EBITDA distribution charts can be found below:

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


Tungray Technologies Debt-to-EBITDA Calculation

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

Tungray Technologies'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
=(0.309 + 2.301) / 1.868
=1.40

Tungray Technologies'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
=(0.309 + 2.301) / 3.154
=0.83

* 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 two times the quarterly (Dec. 2023) EBITDA data.

Tungray Technologies  (NAS:TRSG) 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.

Tungray Technologies Debt-to-EBITDA Related Terms

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

Tungray Technologies Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tungray Technologies Inc (NAS:TRSG) » Definitions » Debt-to-EBITDA
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Traded in Other Exchanges
N/A
Address
Innovation Place Tower 4, No. 02-01, 31 Mandai Estate, Singapore, SGP, 729933
Website
https://www.tungray.tech
Tungray Technologies Inc is an engineer-to-order company that provides custom industrial manufacturing solutions to original equipment manufacturers in the semiconductor, printer, electronics, and home appliance industries. It predominantly generates revenue through the manufacture of custom industrial manufacturing solutions, direct drive and linear DC motors, and induction welding equipment. Geographically, the company generates a majority of its revenue from Singapore and the rest from China.