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Daiwa Securities Living Investment (TSE:8986) Debt-to-EBITDA : 10.82 (As of Sep. 2023)


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What is Daiwa Securities Living Investment Debt-to-EBITDA?

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

Daiwa Securities Living Investment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was 円18,990 Mil. Daiwa Securities Living Investment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was 円169,147 Mil. Daiwa Securities Living Investment's annualized EBITDA for the quarter that ended in Sep. 2023 was 円17,384 Mil. Daiwa Securities Living Investment's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 was 10.82.

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 Daiwa Securities Living Investment's Debt-to-EBITDA or its related term are showing as below:

TSE:8986' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 10.52   Med: 11.07   Max: 11.84
Current: 11.29

During the past 13 years, the highest Debt-to-EBITDA Ratio of Daiwa Securities Living Investment was 11.84. The lowest was 10.52. And the median was 11.07.

TSE:8986's Debt-to-EBITDA is ranked worse than
73.58% of 511 companies
in the REITs industry
Industry Median: 7.21 vs TSE:8986: 11.29

Daiwa Securities Living Investment Debt-to-EBITDA Historical Data

The historical data trend for Daiwa Securities Living 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.

Daiwa Securities Living Investment Debt-to-EBITDA Chart

Daiwa Securities Living Investment Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.71 10.52 10.63 11.78 11.84

Daiwa Securities Living 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 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 11.74 11.69 11.80 11.79 10.82

Competitive Comparison of Daiwa Securities Living Investment's Debt-to-EBITDA

For the REIT - Residential subindustry, Daiwa Securities Living 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.


Daiwa Securities Living Investment's Debt-to-EBITDA Distribution in the REITs Industry

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

* The bar in red indicates where Daiwa Securities Living Investment's Debt-to-EBITDA falls into.



Daiwa Securities Living Investment Debt-to-EBITDA Calculation

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

Daiwa Securities Living Investment's Debt-to-EBITDA for the fiscal year that ended in Sep. 2022 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(18200 + 163487) / 15351.157
=11.84

Daiwa Securities Living 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
=(18990 + 169147) / 17383.942
=10.82

* 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 (Sep. 2023) EBITDA data.


Daiwa Securities Living Investment  (TSE:8986) 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.


Daiwa Securities Living Investment Debt-to-EBITDA Related Terms

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


Daiwa Securities Living Investment (TSE:8986) Business Description

Traded in Other Exchanges
N/A
Address
6-2-1 Ginza, Chuo-ku, Tokyo, JPN, 105-0004
Daiwa Securities Living Investment Corp is an investment company operating in Japan. It invests in specified assets such as real estates that are used for residential purposes which are located across Japan.

Daiwa Securities Living Investment (TSE:8986) Headlines

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