Hang Lung Net debt/EBITDA
What is the Net debt/EBITDA of Hang Lung?
The Net debt/EBITDA of Hang Lung Group Limited is 24.48
What is the definition of Net debt/EBITDA?
The net debt to earnings before interest, taxes, depreciation, and amortization (Net debt/EBITDA) ratio measures financial leverage and the company’s ability to pay off its debt. It shows how long it would take the company to pay off all its debt with operations at the current level.
The net debt to EBITDA ratio is calculated as Net debt divided by EBITDA. It is similar to the debt to EBITDA ratio, but cash and cash equivalents are subtracted in net debt.
Net debt = short-term debt + long-term debt - cash and cash equivalents
EBITDA = net income + interest expense + taxes + depreciation + amortization
Lower debt debt to EBITDA ratio indicates the company is not heavily indebted and should be able to repay its obligations. Alternatively, higher ratio indicated the company is excessively indebted. The ratio varies between industries as different industries have different capital requirements. Usually, the ratio should be compared to a benchmark or an industry average to determine the company’s credit risk. Generally, a net debt to EBITDA ratio above 4 or 5 is considered high.
Net debt/EBITDA of companies in the Real Estate sector on HKSE compared to Hang Lung
What does Hang Lung do?
Hang Lung Group Limited, an investment holding company, operates as a property developer in Hong Kong and Mainland China. The company operates through Property Leasing and Property Sales segments. It develops properties for sale and lease, such as large-scale commercial, office, and residential developments. The company also develops various properties, including shopping mall, office, residential, serviced apartments, and carparks. Its investment properties portfolio includes Grand Gateway 66, a commercial, office, and residential complex, as well as Plaza 66, a commercial and office complex in Shanghai; Palace 66 and Forum 66 in Shenyang; Parc 66 in Jinan; Center 66 in Wuxi; Riverside 66 in Tianjin; Olympia 66 in Dalian; Spring City 66 in Kunming; Heartland 66 in Wuhan; and Westlake 66. In addition, the company offers car park and property management, securities trading, financial, project management, and property agency services, as well as operates and manages apartment. Hang Lung Group Limited was incorporated in 1960 and is headquartered in Central, Hong Kong.
Companies with net debt/ebitda similar to Hang Lung
- Black Hills has Net debt/EBITDA of 24.44
- Neuberger Berman New York Municipal Fund Inc has Net debt/EBITDA of 24.45
- Aramark has Net debt/EBITDA of 24.47
- Federal Realty Investment Trust has Net debt/EBITDA of 24.47
- Jiangsu Expressway has Net debt/EBITDA of 24.47
- Entergy has Net debt/EBITDA of 24.47
- Hang Lung has Net debt/EBITDA of 24.48
- Fission 3.0 has Net debt/EBITDA of 24.49
- WildBrain has Net debt/EBITDA of 24.49
- Valeura has Net debt/EBITDA of 24.50
- New Jersey Resources has Net debt/EBITDA of 24.51
- LINK Mobility ASA has Net debt/EBITDA of 24.52
- LINK Mobility ASA has Net debt/EBITDA of 24.52