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Cromwell Property Group (ASX:CMW) Debt-to-EBITDA : -4.83 (As of Dec. 2023)


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What is Cromwell Property Group Debt-to-EBITDA?

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

Cromwell Property Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$287.5 Mil. Cromwell Property Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$1,290.5 Mil. Cromwell Property Group's annualized EBITDA for the quarter that ended in Dec. 2023 was A$-327.0 Mil. Cromwell Property Group's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -4.83.

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 Cromwell Property Group's Debt-to-EBITDA or its related term are showing as below:

ASX:CMW' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -5.06   Med: 5.12   Max: 8.35
Current: -3.68

During the past 13 years, the highest Debt-to-EBITDA Ratio of Cromwell Property Group was 8.35. The lowest was -5.06. And the median was 5.12.

ASX:CMW's Debt-to-EBITDA is ranked worse than
100% of 507 companies
in the REITs industry
Industry Median: 7.18 vs ASX:CMW: -3.68

Cromwell Property Group Debt-to-EBITDA Historical Data

The historical data trend for Cromwell Property Group'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.

Cromwell Property Group Debt-to-EBITDA Chart

Cromwell Property Group Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.68 8.35 5.69 6.00 -5.06

Cromwell Property Group Semi-Annual Data
Jun14 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 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 5.87 6.10 -10.96 -3.43 -4.83

Competitive Comparison of Cromwell Property Group's Debt-to-EBITDA

For the REIT - Office subindustry, Cromwell Property Group'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.


Cromwell Property Group's Debt-to-EBITDA Distribution in the REITs Industry

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

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



Cromwell Property Group Debt-to-EBITDA Calculation

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

Cromwell Property Group'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
=(142.8 + 1681.3) / -360.4
=-5.06

Cromwell Property Group'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
=(287.5 + 1290.5) / -327
=-4.83

* 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 (Dec. 2023) EBITDA data.


Cromwell Property Group  (ASX:CMW) 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.


Cromwell Property Group Debt-to-EBITDA Related Terms

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


Cromwell Property Group (ASX:CMW) Business Description

Traded in Other Exchanges
Address
200 Mary Street, Level 19, Brisbane, QLD, AUS, 4000
Cromwell Property Group is an internally managed Australian real estate investment trust. It owns an Australian portfolio of (mostly office) properties and also develops and manages properties on behalf of third-party investors. The group is exploring opportunities to sell some assets, and to spin out its office portfolio into a separate REIT, leaving the Cromwell business to focus more on funds management. The timetable is uncertain given high interest rates are a headwind for property sales and sentiment toward office stocks has been depressed since the rise of hybrid working.

Cromwell Property Group (ASX:CMW) Headlines

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