Invitation Homes (Invitation Homes) Debt-to-EBITDA : 5.43 (As of Dec. 2023)

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What is Invitation Homes Debt-to-EBITDA?

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

Invitation Homes's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. Invitation Homes's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $8,546 Mil. Invitation Homes's annualized EBITDA for the quarter that ended in Dec. 2023 was $1,573 Mil. Invitation Homes's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 5.43.

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 Invitation Homes's Debt-to-EBITDA or its related term are showing as below:

INVH' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 5.59 Med: 8.96 Max: 36.07
Current: 5.59

During the past 10 years, the highest Debt-to-EBITDA Ratio of Invitation Homes was 36.07. The lowest was 5.59. And the median was 8.96.

INVH's Debt-to-EBITDA is ranked better than
64.3% of 507 companies
in the REITs industry
Industry Median: 7.18 vs INVH: 5.59

Invitation Homes Debt-to-EBITDA Historical Data

The historical data trend for Invitation Homes'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.

Invitation Homes Debt-to-EBITDA Chart

Invitation Homes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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8.08

7.28

6.79

5.86

5.59

Invitation Homes 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															5.67	5.35	5.07	5.48	5.43

Competitive Comparison of Invitation Homes's Debt-to-EBITDA

For the REIT - Residential subindustry, Invitation Homes'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.

Invitation Homes's Debt-to-EBITDA Distribution in the REITs Industry

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

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

Invitation Homes Debt-to-EBITDA Calculation

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

Invitation Homes'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	+	8546.052)	/	1528.772
	=	5.59

Invitation Homes'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	+	8546.052)	/	1572.596
	=	5.43

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.

Invitation Homes (NYSE:INVH) 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.

Invitation Homes Debt-to-EBITDA Related Terms

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

Invitation Homes (Invitation Homes) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Invitation Homes Inc (NYSE:INVH) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

INVH:Mexico

Address

1717 Main Street, Suite 2000, Dallas, TX, USA, 75201

Website

https://www.invitationhomes.com

Invitation Homes owns a portfolio of nearly 83,000 single-family rental homes. The company focuses on owning homes in the starter and move-up segments of the housing market with an average sale price around $300,000 and generally less than 1,800 square feet. The portfolio is spread across 16 target markets that feature high employment and household formation growth with over 70% of the portfolio in the Western U.S. and Florida; 15 of the 16 markets featuring average rents lower than homeownership costs.

Executives

Scott G. Eisen	officer: EVP, Chief Investment Officer	1717 MAIN STREET, SUITE 2000, DALLAS TX 75201
Jonathan S. Olsen	officer: EVP & CFO	1717 MAIN STREET, SUITE 2000, DALLAS TX 75201
Keith D Taylor	director	301 VELOCITY WAY, 5TH FLOOR, FOSTER CITY CA 94404
Frances Aldrich Sevilla-sacasa	director	3 GREENWAY PLAZA, SUITE 1300, HOUSTON TX 77046
Dallas B Tanner	officer: See Remarks	C/O INVITATION HOMES INC., 1717 MAIN STREET, SUITE 2000, DALLAS TX 75201
Janice L. Sears	director	1100 PARK PLACE, SUITE 200, SAN MATEO CA 94403
Charles D. Young	officer: Chief Operating Officer	C/O STARWOOD WAYPOINT RESIDENTIAL TRUST, 1999 HARRISON STREET, 24TH FLOOR, OAKLAND CA 94612
Bryce Blair	director
Ernest Michael Freedman	officer: See Remarks	1717 MAIN STREET, SUITE 2000, DALLAS TX 75201
Kimberly K Norrell	officer: See Remarks	C/O INVITATION HOMES INC., 1717 MAIN STREET, SUITE 2000, DALLAS TX 75201
Roizen Jo Ann Heidi	director
Joseph D Margolis	director	C/O ARSENAL REAL ESTATE FUNDS, 117 ON THE GREEN, 67 PARK PLACE EAST, MORRISTOWN NJ 07960
Brep Ih6 Holdings Llc	10 percent owner	C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154
Ih3 Holdco Gp Llc	10 percent owner	C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154
Brep Vii-nq Side-by-side Gp L.l.c.	10 percent owner	C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154