Abacus Storage King (ASX:ASK) Debt-to-EBITDA : 30.95 (As of Dec. 2023)

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What is Abacus Storage King Debt-to-EBITDA?

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

Abacus Storage King's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$1.05 Mil. Abacus Storage King's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$965.71 Mil. Abacus Storage King's annualized EBITDA for the quarter that ended in Dec. 2023 was A$31.23 Mil. Abacus Storage King's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 30.95.

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 Abacus Storage King's Debt-to-EBITDA or its related term are showing as below:

ASX:ASK' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.44 Med: 3.65 Max: 61.9
Current: 61.9

During the past 2 years, the highest Debt-to-EBITDA Ratio of Abacus Storage King was 61.90. The lowest was 3.44. And the median was 3.65.

ASX:ASK's Debt-to-EBITDA is ranked worse than
96.08% of 510 companies
in the REITs industry
Industry Median: 7.22 vs ASX:ASK: 61.90

Abacus Storage King Debt-to-EBITDA Historical Data

The historical data trend for Abacus Storage King'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.

Abacus Storage King Debt-to-EBITDA Chart

Abacus Storage King Annual Data

Trend

Jun21

Jun22

Debt-to-EBITDA

3.86

3.44

Abacus Storage King Semi-Annual Data
	Jun21	Jun22	Dec22	Dec23
Debt-to-EBITDA	N/A	N/A	20.39	30.95

Competitive Comparison of Abacus Storage King's Debt-to-EBITDA

For the REIT - Industrial subindustry, Abacus Storage King'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.

Abacus Storage King's Debt-to-EBITDA Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Abacus Storage King's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Abacus Storage King's Debt-to-EBITDA falls into.

Abacus Storage King Debt-to-EBITDA Calculation

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

Abacus Storage King's Debt-to-EBITDA for the fiscal year that ended in Jun. 2022 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(81.109	+	159.236)	/	69.833
	=	3.44

Abacus Storage King'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
	=	(1.045	+	965.712)	/	31.234
	=	30.95

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.

Abacus Storage King (ASX:ASK) 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.

Abacus Storage King Debt-to-EBITDA Related Terms

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

Abacus Storage King (ASX:ASK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Abacus Storage King (ASX:ASK) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 Castlereagh Street, Level 13, Sydney, NSW, AUS, 2000

Website

https://www.abacusgroup.com.au

Abacus Storage King REIT is a self-storage REIT. It owns, operates, and manages a self-storage operating platform and an investment portfolio comprising self-storage properties and other investments across Australia and New Zealand.

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