Japan Real Estate Investment (TSE:8952) Debt-to-EBITDA : 9.28 (As of Sep. 2023)

View and export this data going back to 2001. Start your Free Trial

What is Japan Real Estate Investment Debt-to-EBITDA?

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

Japan Real Estate Investment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was 円95,300 Mil. Japan Real Estate Investment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was 円354,893 Mil. Japan Real Estate Investment's annualized EBITDA for the quarter that ended in Sep. 2023 was 円48,491 Mil. Japan Real Estate Investment's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 was 9.28.

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 Japan Real Estate Investment's Debt-to-EBITDA or its related term are showing as below:

TSE:8952' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 8.81 Med: 9.42 Max: 10.5
Current: 9.49

During the past 13 years, the highest Debt-to-EBITDA Ratio of Japan Real Estate Investment was 10.50. The lowest was 8.81. And the median was 9.42.

TSE:8952's Debt-to-EBITDA is ranked worse than
64.97% of 511 companies
in the REITs industry
Industry Median: 7.21 vs TSE:8952: 9.49

Japan Real Estate Investment Debt-to-EBITDA Historical Data

The historical data trend for Japan Real Estate Investment'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.

Japan Real Estate Investment Debt-to-EBITDA Chart

Japan Real Estate Investment Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-EBITDA

Get a 7-Day Free Trial

8.90

8.93

8.81

8.87

9.49

Japan Real Estate Investment Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-EBITDA	Get a 7-Day Free Trial															8.52	9.62	8.69	9.93	9.28

Competitive Comparison of Japan Real Estate Investment's Debt-to-EBITDA

For the REIT - Office subindustry, Japan Real Estate Investment'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.

Japan Real Estate Investment's Debt-to-EBITDA Distribution in the REITs Industry

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

* The bar in red indicates where Japan Real Estate Investment's Debt-to-EBITDA falls into.

Japan Real Estate Investment Debt-to-EBITDA Calculation

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

Japan Real Estate Investment's Debt-to-EBITDA for the fiscal year that ended in Sep. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(95300	+	354893.175)	/	47437.551
	=	9.49

Japan Real Estate Investment's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(95300	+	354893.175)	/	48490.618
	=	9.28

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 (Sep. 2023) EBITDA data.

Japan Real Estate Investment (TSE:8952) 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.

Japan Real Estate Investment Debt-to-EBITDA Related Terms

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

Japan Real Estate Investment (TSE:8952) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Japan Real Estate Investment Corp (TSE:8952) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-3-1 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-0005

Website

http://www.j-re.co.jp

Japan Real Estate Investment Corp, or J-REIT, is a Japanese real estate investment trust that invests in, owns, and leases office properties. The vast majority of the company's real estate portfolio is located within Tokyo's 23 wards and the Tokyo metropolitan area in terms of total value. Within this area, most of J-REIT's offices reside within the Tokyo central business district. The company derives nearly all of its income in the form of rental revenue from the leasing of its office properties. While J-REIT tenants hail from a diverse assortment of industries, firms from the service, information services, electric devices, and financial services industries are its largest customers in terms of total leased space.

Japan Real Estate Investment (TSE:8952) Headlines

No Headlines