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Braemar Hotels & Resorts (Braemar Hotels & Resorts) Debt-to-EBITDA : 10.13 (As of Dec. 2023)


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What is Braemar Hotels & Resorts Debt-to-EBITDA?

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

Braemar Hotels & Resorts's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. Braemar Hotels & Resorts's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,222.8 Mil. Braemar Hotels & Resorts's annualized EBITDA for the quarter that ended in Dec. 2023 was $120.7 Mil. Braemar Hotels & Resorts's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 10.13.

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 Braemar Hotels & Resorts's Debt-to-EBITDA or its related term are showing as below:

BHR' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -121.91   Med: 8.76   Max: 16.76
Current: 7.64

During the past 13 years, the highest Debt-to-EBITDA Ratio of Braemar Hotels & Resorts was 16.76. The lowest was -121.91. And the median was 8.76.

BHR's Debt-to-EBITDA is ranked worse than
53.85% of 507 companies
in the REITs industry
Industry Median: 7.18 vs BHR: 7.64

Braemar Hotels & Resorts Debt-to-EBITDA Historical Data

The historical data trend for Braemar Hotels & Resorts'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.

Braemar Hotels & Resorts Debt-to-EBITDA Chart

Braemar Hotels & Resorts Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.73 -121.91 16.76 9.05 7.64

Braemar Hotels & Resorts Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 9.91 5.19 6.95 13.88 10.13

Competitive Comparison of Braemar Hotels & Resorts's Debt-to-EBITDA

For the REIT - Hotel & Motel subindustry, Braemar Hotels & Resorts'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.


Braemar Hotels & Resorts's Debt-to-EBITDA Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Braemar Hotels & Resorts's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Braemar Hotels & Resorts's Debt-to-EBITDA falls into.



Braemar Hotels & Resorts Debt-to-EBITDA Calculation

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

Braemar Hotels & Resorts's Debt-to-EBITDA for the fiscal year 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
=(0 + 1222.823) / 160.026
=7.64

Braemar Hotels & Resorts'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
=(0 + 1222.823) / 120.724
=10.13

* 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 four times the quarterly (Dec. 2023) EBITDA data.


Braemar Hotels & Resorts  (NYSE:BHR) 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.


Braemar Hotels & Resorts Debt-to-EBITDA Related Terms

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


Braemar Hotels & Resorts (Braemar Hotels & Resorts) Business Description

Traded in Other Exchanges
Address
14185 Dallas Parkway, Suite 1200, Dallas, TX, USA, 75254
Braemar Hotels & Resorts Inc is a real estate investment trust company that invests in high revenue per available room, or RevPAR, luxury, upper-upscale and upscale hotels in gateway and resort locations. The firm operates in various U.S. states such as California, Texas, Washington, Philadelphia, Florida, and Illinois as well as Washington, D.C. and St. Thomas, U.S. Virgin Islands. The company operates through its direct hotel investment segment. Its revenue streams include rooms, food and beverage, and other. The firm's hotels operate under various brands, such as Marriott, Hilton, Courtyard, and Renaissance, among others.
Executives
Abteen Vaziri director 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Richard J Stockton officer: Chief Executive Officer 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Montgomery J Bennett director, officer: Chief Executive Officer 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Mary Candace Evans director 11407 WEST RICKS CIRCLE, DALLAS TX 75230
Rebeca M Johnson director 14185 DALLAS PARKWAY, SUITE 1200, DALLAS TX 75240
Curtis B Mcwilliams director 450 SOUTH ORANGE AVENUE, ORLANDO FL 32801
Alex Rose officer: Exec. VP, GC and Secretary 14185 DALLAS PARKWAY, SUITE 1200, DALLAS TX 75254
Deric S Eubanks officer: CFO and Treasurer 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Stefani D Carter director 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Mark Nunneley officer: Chief Accounting Officer 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Robert G. Haiman officer: Exec. VP, GC and Secretary 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Jeremy Welter officer: EVP-Asset Management 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Darrouzet Sarah Zubiate director 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Daniel B. Silvers director 1199 PARK AVENUE #17A, NEW YORK NY 10128
Lawrence A Cunningham director 4521 HIGHWOODS PARKWAY, GLEN ALLEN VA 23060