National Storage REIT (ASX:NSR) Debt-to-EBITDA : 5.63 (As of Dec. 2023)

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What is National Storage REIT Debt-to-EBITDA?

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

National Storage REIT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$11.3 Mil. National Storage REIT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$1,232.0 Mil. National Storage REIT's annualized EBITDA for the quarter that ended in Dec. 2023 was A$220.7 Mil. National Storage REIT's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 5.63.

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

ASX:NSR' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.64 Med: 4.93 Max: 15.16
Current: 4.53

During the past 10 years, the highest Debt-to-EBITDA Ratio of National Storage REIT was 15.16. The lowest was 1.64. And the median was 4.93.

ASX:NSR's Debt-to-EBITDA is ranked better than
74.75% of 507 companies
in the REITs industry
Industry Median: 7.18 vs ASX:NSR: 4.53

National Storage REIT Debt-to-EBITDA Historical Data

The historical data trend for National Storage 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.

National Storage REIT Debt-to-EBITDA Chart

National Storage REIT Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-EBITDA

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5.89

5.56

2.53

1.64

2.74

National Storage REIT 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															1.57	1.48	2.94	3.18	5.63

Competitive Comparison of National Storage REIT's Debt-to-EBITDA

For the REIT - Industrial subindustry, National Storage 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.

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

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

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

National Storage REIT Debt-to-EBITDA Calculation

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

National Storage REIT'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
	=	(11.285	+	1031.219)	/	380.022
	=	2.74

National Storage REIT'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
	=	(11.308	+	1231.98)	/	220.694
	=	5.63

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.

National Storage REIT (ASX:NSR) 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.

National Storage REIT Debt-to-EBITDA Related Terms

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

National Storage REIT (ASX:NSR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » National Storage REIT (ASX:NSR) » Definitions » Debt-to-EBITDA

Comparable Companies

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NTSGF:USA

Address

1 Eagle Street, Level 16, Brisbane, QLD, AUS, 4000

Website

https://www.nationalstorageinvest.com.au

National Storage REIT is the largest self-storage provider in Australia and New Zealand. Most of its properties are owned and operated, but it also has long-term leaseholds. Most NSR centres are in city fringe, suburban and regional areas. The industry is fragmented, mostly comprising single site owners, while the largest three players, NSR, privately owned Kennards, and the listed Abacus Storage King operate over a third of the market. NSR plans to continue acquiring and developing self-storage centres, consolidating the fragmented industry, as well generating organic growth via dynamic pricing and occupancy management. However, its large rivals are competing via similar strategies.