MAS (JSE:MSP) Debt-to-EBITDA : 2.36 (As of Dec. 2023)

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What is MAS Debt-to-EBITDA?

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

MAS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R267 Mil. MAS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R8,347 Mil. MAS's annualized EBITDA for the quarter that ended in Dec. 2023 was R3,655 Mil. MAS's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 2.36.

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

JSE:MSP' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -22.8 Med: 3.7 Max: 14.23
Current: 3.11

During the past 13 years, the highest Debt-to-EBITDA Ratio of MAS was 14.23. The lowest was -22.80. And the median was 3.70.

JSE:MSP's Debt-to-EBITDA is ranked better than
68.09% of 1263 companies
in the Real Estate industry
Industry Median: 5.76 vs JSE:MSP: 3.11

MAS Debt-to-EBITDA Historical Data

The historical data trend for MAS'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.

MAS Debt-to-EBITDA Chart

MAS Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-EBITDA

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5.37

-22.80

5.08

2.97

3.70

MAS Semi-Annual Data
	Feb13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial															2.66	2.53	3.03	4.81	2.36

Competitive Comparison of MAS's Debt-to-EBITDA

For the Real Estate - Diversified subindustry, MAS'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.

MAS's Debt-to-EBITDA Distribution in the Real Estate Industry

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

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

MAS Debt-to-EBITDA Calculation

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

MAS's Debt-to-EBITDA for the fiscal year that ended in Jun. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(922.13	+	8162.274)	/	2457.904
	=	3.70

MAS'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
	=	(267.26	+	8347.149)	/	3654.752
	=	2.36

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.

MAS (JSE:MSP) 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.

MAS Debt-to-EBITDA Related Terms

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

MAS (JSE:MSP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » MAS PLC (JSE:MSP) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

Abate Rigord Street, Suite 11, Penthouse Level, Marina Business Centre, Ta’ Xbiex, MLT, VG1110

Website

https://www.masrei.com

MAS PLC is a commercial real estate development company that operates throughout mostly Western Europe, as well as Central and Eastern Europe. The company acquires, develops, and manages retail, office, industrial, and hotel properties. The group's investment property comprises income-generating property, development property, and land bank division. The group holds an interest in properties such as Whitbread hotels and Arches, Bruchsal, Nova Park, Stara Zagora, Chippenham, and others. The company geographically operates in Romania, Bulgaria, Poland, Germany and UK. It derives its majority Revenue from Romania.