ESR Group (HKSE:01821) Debt-to-EBITDA : 14.80 (As of Dec. 2023)

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What is ESR Group Debt-to-EBITDA?

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

ESR Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$7,117 Mil. ESR Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$39,832 Mil. ESR Group's annualized EBITDA for the quarter that ended in Dec. 2023 was HK$3,171 Mil. ESR Group's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 14.80.

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

HKSE:01821' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.26 Med: 4.88 Max: 7.94
Current: 7.92

During the past 8 years, the highest Debt-to-EBITDA Ratio of ESR Group was 7.94. The lowest was 2.26. And the median was 4.88.

HKSE:01821's Debt-to-EBITDA is ranked worse than
60.68% of 1264 companies
in the Real Estate industry
Industry Median: 5.64 vs HKSE:01821: 7.92

ESR Group Debt-to-EBITDA Historical Data

The historical data trend for ESR 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.

ESR Group Debt-to-EBITDA Chart

ESR Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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4.66

5.75

6.36

5.10

7.94

ESR Group Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial								7.24	3.88	6.24	5.11	14.80

Competitive Comparison of ESR Group's Debt-to-EBITDA

For the Real Estate Services subindustry, ESR 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.

ESR Group's Debt-to-EBITDA Distribution in the Real Estate Industry

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

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

ESR Group Debt-to-EBITDA Calculation

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

ESR Group'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
	=	(7116.688	+	39832.003)	/	5915.783
	=	7.94

ESR 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
	=	(7116.688	+	39832.003)	/	3171.498
	=	14.80

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.

ESR Group (HKSE:01821) 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.

ESR Group Debt-to-EBITDA Related Terms

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

ESR Group (HKSE:01821) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » ESR Group Ltd (HKSE:01821) » Definitions » Debt-to-EBITDA

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Traded in Other Exchanges

ESRCF:USA

Address

Two Exchange Square, Suites 2905-06, 8 Connaught Place, Central, Hong Kong, HKG

Website

https://www.esr.com

ESR Group, or ESR, is one of the largest real asset managers in the Asia-Pacific, with USD 145 billion in total assets under management as of Dec. 31, 2022. Most of its earnings are derived from fund management, where it manages underlying assets in investment vehicles such as a fund or REIT for fee income and a share of profits. It also develops and holds investment properties on its balance sheet for rental income and capital appreciation and will divest them into its managed funds and REITs over time to unlock and recycle the capital into other investment opportunities. In addition, to align its interest with its capital partners, ESR coinvests in the funds and REITs that it manages where it generates dividend income, pro rata earnings and value appreciation.

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