Beijing Enterprises Clean Net debt/EBITDA
What is the Net debt/EBITDA of Beijing Enterprises Clean?
The Net debt/EBITDA of Beijing Enterprises Clean Energy Group Limited is 41.40
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 Utilities sector on HKSE compared to Beijing Enterprises Clean
What does Beijing Enterprises Clean do?
Beijing Enterprises Clean Energy Group Limited engages in the investment, development, construction, operation, and management of photovoltaic power business in Mainland China. The company develops and constructs distributed photovoltaic power stations; and provides engineering, procurement, construction, and technical consultancy services for photovoltaic and wind power-related projects, and clean heat supply services, which include the production of heat through natural gas, electricity, geothermal energy, biomass energy, photovoltaic power, industrial excess heat energy, clean coal energy, river water source, etc., as well as trades in equipment related to photovoltaic power business. It also engages in the infrastructure development and operation of wind power plants and clean energy projects, as well as in the property investment business. The company was formerly known as Jin Cai Holdings Company Limited and changed its name to Beijing Enterprises Clean Energy Group Limited in June 2015. Beijing Enterprises Clean Energy Group Limited was founded in 2000 and is headquartered in Wanchai, Hong Kong.
Companies with net debt/ebitda similar to Beijing Enterprises Clean
- Asia Tele-Net and Technology has Net debt/EBITDA of 41.30
- Argan SA has Net debt/EBITDA of 41.33
- Argan SA has Net debt/EBITDA of 41.33
- NP3 Fastigheter AB (publ) has Net debt/EBITDA of 41.34
- Silver Mountain Mines has Net debt/EBITDA of 41.37
- Societe d'Exploration Miniere Vior has Net debt/EBITDA of 41.37
- Beijing Enterprises Clean has Net debt/EBITDA of 41.40
- Marmota has Net debt/EBITDA of 41.41
- Pharol, SGPS S.A has Net debt/EBITDA of 41.44
- Stanley Black & Decker Inc has Net debt/EBITDA of 41.44
- Fonciere Volta has Net debt/EBITDA of 41.57
- Prophecy International has Net debt/EBITDA of 41.63
- Nubian Resources has Net debt/EBITDA of 41.70