Tokaido REIT (TSE:2989) Debt-to-EBITDA : 11.23 (As of Jul. 2023)

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What is Tokaido REIT Debt-to-EBITDA?

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

Tokaido REIT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2023 was 円7,300 Mil. Tokaido REIT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2023 was 円16,100 Mil. Tokaido REIT's annualized EBITDA for the quarter that ended in Jul. 2023 was 円2,084 Mil. Tokaido REIT's annualized Debt-to-EBITDA for the quarter that ended in Jul. 2023 was 11.23.

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

TSE:2989' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 11.11 Med: 18.91 Max: 24.68
Current: 11.11

During the past 3 years, the highest Debt-to-EBITDA Ratio of Tokaido REIT was 24.68. The lowest was 11.11. And the median was 18.91.

TSE:2989's Debt-to-EBITDA is ranked worse than
73.08% of 509 companies
in the REITs industry
Industry Median: 7.23 vs TSE:2989: 11.11

Tokaido REIT Debt-to-EBITDA Historical Data

The historical data trend for Tokaido REIT'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.

Tokaido REIT Debt-to-EBITDA Chart

Tokaido REIT Annual Data

Trend

Jul21

Jan22

Jul23

Debt-to-EBITDA

N/A

24.68

13.15

Tokaido REIT Semi-Annual Data
	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Debt-to-EBITDA	Get a 7-Day Free Trial			9.99	10.78	11.08	11.23	-

Competitive Comparison of Tokaido REIT's Debt-to-EBITDA

For the REIT - Diversified subindustry, Tokaido REIT'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.

Tokaido REIT's Debt-to-EBITDA Distribution in the REITs Industry

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

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

Tokaido REIT Debt-to-EBITDA Calculation

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

Tokaido REIT's Debt-to-EBITDA for the fiscal year that ended in Jul. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(7300	+	16100)	/	1779.698
	=	13.15

Tokaido REIT's annualized Debt-to-EBITDA for the quarter that ended in Jul. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(7300	+	16100)	/	2084.062
	=	11.23

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 (Jul. 2023) EBITDA data.

Tokaido REIT (TSE:2989) 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.

Tokaido REIT Debt-to-EBITDA Related Terms

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

Tokaido REIT (TSE:2989) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Tokaido REIT Inc (TSE:2989) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-14-3 Nagatacho, Chiyoda-ku, Tokyo, JPN, 100-0014

Website

Tokaido REIT Inc is a real estate investment trust that focuses on the Tokaido area, mainly Shizuoka, Aichi, and Mie prefectures. Its Investment targets are divided into two types including "Industrial infrastructure assets" targeting logistics facilities and office buildings, and "Living infrastructure assets" for residential and commercial facilities.

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