Afine Investments (JSE:ANI) Debt-to-EBITDA : 2.78 (As of Aug. 2023)

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What is Afine Investments Debt-to-EBITDA?

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

Afine Investments's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was R15.12 Mil. Afine Investments's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was R97.85 Mil. Afine Investments's annualized EBITDA for the quarter that ended in Aug. 2023 was R40.60 Mil. Afine Investments's annualized Debt-to-EBITDA for the quarter that ended in Aug. 2023 was 2.78.

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 Afine Investments's Debt-to-EBITDA or its related term are showing as below:

JSE:ANI' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.37 Med: 1.47 Max: 2.86
Current: 2.86

During the past 3 years, the highest Debt-to-EBITDA Ratio of Afine Investments was 2.86. The lowest was 0.37. And the median was 1.47.

JSE:ANI's Debt-to-EBITDA is ranked better than
85.69% of 510 companies
in the REITs industry
Industry Median: 7.22 vs JSE:ANI: 2.86

Afine Investments Debt-to-EBITDA Historical Data

The historical data trend for Afine Investments'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.

Afine Investments Debt-to-EBITDA Chart

Afine Investments Annual Data

Trend

Feb21

Feb22

Feb23

Debt-to-EBITDA

N/A

0.37

2.58

Afine Investments Semi-Annual Data
	Aug21	Feb22	Aug22	Feb23	Aug23
Debt-to-EBITDA	0.20	5.45	2.31	2.84	2.78

Competitive Comparison of Afine Investments's Debt-to-EBITDA

For the REIT - Specialty subindustry, Afine Investments'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.

Afine Investments's Debt-to-EBITDA Distribution in the REITs Industry

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

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

Afine Investments Debt-to-EBITDA Calculation

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

Afine Investments's Debt-to-EBITDA for the fiscal year that ended in Feb. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(14.469	+	94.26)	/	42.16
	=	2.58

Afine Investments's annualized Debt-to-EBITDA for the quarter that ended in Aug. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(15.115	+	97.853)	/	40.598
	=	2.78

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 (Aug. 2023) EBITDA data.

Afine Investments (JSE:ANI) 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.

Afine Investments Debt-to-EBITDA Related Terms

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

Afine Investments (JSE:ANI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Afine Investments Ltd (JSE:ANI) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 4602, Greenways, Strand, Western Cape, ZAF, 7140

Website

https://www.afineinvestments.com

Afine Investments Ltd is a specialized commercial real estate. It holds a portfolio of income-generating immovable properties focused mainly on the petroleum sector. geographically company operates in Gauteng and North-West, Mpumalanga, and Western Cape Segment. Out of these geographical segment majority of revenue is generated from Gauteng and North-West.

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