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Invitation Homes (FRA:4IV) Debt-to-EBITDA : 5.24 (As of Mar. 2024)


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What is Invitation Homes Debt-to-EBITDA?

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

Invitation Homes's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0 Mil. Invitation Homes's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €7,861 Mil. Invitation Homes's annualized EBITDA for the quarter that ended in Mar. 2024 was €1,501 Mil. Invitation Homes's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 5.24.

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 Invitation Homes's Debt-to-EBITDA or its related term are showing as below:

FRA:4IV' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 5.43   Med: 8.96   Max: 36.07
Current: 5.43

During the past 10 years, the highest Debt-to-EBITDA Ratio of Invitation Homes was 36.07. The lowest was 5.43. And the median was 8.96.

FRA:4IV's Debt-to-EBITDA is ranked better than
65.88% of 510 companies
in the REITs industry
Industry Median: 7.22 vs FRA:4IV: 5.43

Invitation Homes Debt-to-EBITDA Historical Data

The historical data trend for Invitation Homes'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.

Invitation Homes Debt-to-EBITDA Chart

Invitation Homes 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 8.08 7.28 6.79 5.86 5.59

Invitation Homes 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 5.35 5.07 5.48 5.43 5.24

Competitive Comparison of Invitation Homes's Debt-to-EBITDA

For the REIT - Residential subindustry, Invitation Homes'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.


Invitation Homes's Debt-to-EBITDA Distribution in the REITs Industry

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

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



Invitation Homes Debt-to-EBITDA Calculation

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

Invitation Homes'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 + 7836.73) / 1401.884
=5.59

Invitation Homes'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
=(0 + 7860.831) / 1501.232
=5.24

* 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.


Invitation Homes  (FRA:4IV) 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.


Invitation Homes Debt-to-EBITDA Related Terms

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


Invitation Homes (FRA:4IV) Business Description

Traded in Other Exchanges
Address
1717 Main Street, Suite 2000, Dallas, TX, USA, 75201
Invitation Homes owns a portfolio of nearly 83,000 single-family rental homes. The company focuses on owning homes in the starter and move-up segments of the housing market with an average sale price around $300,000 and generally less than 1,800 square feet. The portfolio is spread across 16 target markets that feature high employment and household formation growth with over 70% of the portfolio in the Western U.S. and Florida; 15 of the 16 markets featuring average rents lower than homeownership costs.

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