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Ichigo Office REIT Investment (TSE:8975) Debt-to-EBITDA : 12.59 (As of Oct. 2023)


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What is Ichigo Office REIT Investment Debt-to-EBITDA?

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

Ichigo Office REIT Investment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was 円7,092 Mil. Ichigo Office REIT Investment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was 円107,815 Mil. Ichigo Office REIT Investment's annualized EBITDA for the quarter that ended in Oct. 2023 was 円9,128 Mil. Ichigo Office REIT Investment's annualized Debt-to-EBITDA for the quarter that ended in Oct. 2023 was 12.59.

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

TSE:8975' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 9.28   Med: 11.71   Max: 16.42
Current: 9.28

During the past 13 years, the highest Debt-to-EBITDA Ratio of Ichigo Office REIT Investment was 16.42. The lowest was 9.28. And the median was 11.71.

TSE:8975's Debt-to-EBITDA is ranked worse than
63.19% of 508 companies
in the REITs industry
Industry Median: 7.22 vs TSE:8975: 9.28

Ichigo Office REIT Investment Debt-to-EBITDA Historical Data

The historical data trend for Ichigo Office REIT 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.

Ichigo Office REIT Investment Debt-to-EBITDA Chart

Ichigo Office REIT Investment Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.79 11.38 12.30 12.05 9.28

Ichigo Office REIT Investment Semi-Annual Data
Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
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 12.20 11.07 12.95 7.35 12.59

Competitive Comparison of Ichigo Office REIT Investment's Debt-to-EBITDA

For the REIT - Office subindustry, Ichigo Office REIT 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.


Ichigo Office REIT Investment's Debt-to-EBITDA Distribution in the REITs Industry

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

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



Ichigo Office REIT Investment Debt-to-EBITDA Calculation

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

Ichigo Office REIT Investment's Debt-to-EBITDA for the fiscal year that ended in Oct. 2023 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(7092 + 107815) / 12378.273
=9.28

Ichigo Office REIT Investment's annualized Debt-to-EBITDA for the quarter that ended in Oct. 2023 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(7092 + 107815) / 9127.652
=12.59

* 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 two times the quarterly (Oct. 2023) EBITDA data.


Ichigo Office REIT Investment  (TSE:8975) 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.


Ichigo Office REIT Investment Debt-to-EBITDA Related Terms

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


Ichigo Office REIT Investment (TSE:8975) Business Description

Traded in Other Exchanges
N/A
Address
1-1-1 Uchisaiwai-cho, Chiyoda-ku, Tokyo, JPN, 100-0011
Ichigo Office REIT Investment Corp is investment company operating in Japan. Its investment strategy is focused on mid-size offices which offer return stability and upside potential. The company seeks to drive higher earnings and sustainable growth for its shareholders by increasing the value of its assets through a wide array of value-add activities, including tailored tenant services, structural building improvements, and targeted tenant leasing. It provides stable cash flows, supporting stable dividends and upside for shareholders through rental income earned in mid-size offices.

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