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COPT Defense Properties (COPT Defense Properties) Debt-to-EBITDA : 6.55 (As of Mar. 2024)


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What is COPT Defense Properties Debt-to-EBITDA?

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

COPT Defense Properties's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $75.0 Mil. COPT Defense Properties's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $2,375.0 Mil. COPT Defense Properties's annualized EBITDA for the quarter that ended in Mar. 2024 was $374.3 Mil. COPT Defense Properties's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 6.55.

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 COPT Defense Properties's Debt-to-EBITDA or its related term are showing as below:

CDP' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 4.56   Med: 6.64   Max: 22.46
Current: 22.46

During the past 13 years, the highest Debt-to-EBITDA Ratio of COPT Defense Properties was 22.46. The lowest was 4.56. And the median was 6.64.

CDP's Debt-to-EBITDA is ranked worse than
90.55% of 508 companies
in the REITs industry
Industry Median: 7.22 vs CDP: 22.46

COPT Defense Properties Debt-to-EBITDA Historical Data

The historical data trend for COPT Defense Properties'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.

COPT Defense Properties Debt-to-EBITDA Chart

COPT Defense Properties Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.56 6.86 7.82 6.42 16.32

COPT Defense Properties Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.01 6.38 -3.71 6.52 6.55

Competitive Comparison of COPT Defense Properties's Debt-to-EBITDA

For the REIT - Office subindustry, COPT Defense Properties'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.


COPT Defense Properties's Debt-to-EBITDA Distribution in the REITs Industry

For the REITs industry and Real Estate sector, COPT Defense Properties's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where COPT Defense Properties's Debt-to-EBITDA falls into.



COPT Defense Properties Debt-to-EBITDA Calculation

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

COPT Defense Properties'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
=(75 + 2375.218) / 150.098
=16.32

COPT Defense Properties's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(75 + 2375.014) / 374.26
=6.55

* 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 four times the quarterly (Mar. 2024) EBITDA data.


COPT Defense Properties  (NYSE:CDP) 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.


COPT Defense Properties Debt-to-EBITDA Related Terms

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


COPT Defense Properties (COPT Defense Properties) Business Description

Traded in Other Exchanges
N/A
Address
6711 Columbia Gateway Drive, Suite 300, Columbia, MD, USA, 21046
COPT Defense Properties is a real estate investment trust that acquires, manages, and leases office and data center properties throughout the U.S. The majority of the company's real estate portfolio is composed of office buildings in the Baltimore-Washington Corridor and Northern Virginia area. COPT derives nearly all of its income in the form of rental revenue from tenants. Most of the company's revenue comes from the leasing of properties to U.S. Government agencies and its contractors in the national security, defense, and IT sectors, such as Northrop Grumman and Boeing. Regional offices in urban submarkets make also make up a sizable percentage of COPT's total square footage.
Executives
Lisa G Trimberger director C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, SUITE 300, COLUMBIA MD 21046
Steven D Kesler director C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
Robert L Denton director C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
Matthew T Myers officer: SVP-CAO & Controller 6711 COLUMBIA GATEWAY DR, SUITE 300, COLUMBIA MD 21046
Essye B. Miller director 6711 COLUMBIA GATEWAY DRIVE, SUITE 300, COLUMBIA MD 21046
Greg J Thor officer: SVP--CAO & Controller C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, SUITE 300, COLUMBIA MD 21046
C Taylor Pickett director C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
David M Jacobstein director C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
Raymond Lee Owens director C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 30097
Stephen E Budorick officer: EVP & COO C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
Todd W. Hartman officer: EVP & COO C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE SUITE 300, COLUMBIA MD 21046
Letitia A Long director C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
Philip L Hawkins director C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
Paul R Adkins officer: Executive Vice President &COO C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, SUITE 300, COLUMBIA MD 21046
Karen M Singer officer: VP, General Counsel & Sec