Gaming and Leisure Properties (Gaming and Leisure Properties) Debt-to-EBITDA

: 4.65 (As of Dec. 2023)

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

Gaming and Leisure Properties's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. Gaming and Leisure Properties's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $6,879 Mil. Gaming and Leisure Properties's annualized EBITDA for the quarter that ended in Dec. 2023 was $1,480 Mil. Gaming and Leisure Properties's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 4.65.

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 Gaming and Leisure Properties's Debt-to-EBITDA or its related term are showing as below:

GLPI' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 4.96 Med: 6.19 Max: 7.9
Current: 5.07

During the past 13 years, the highest Debt-to-EBITDA Ratio of Gaming and Leisure Properties was 7.90. The lowest was 4.96. And the median was 6.19.

GLPI's Debt-to-EBITDA is ranked better than
69.8% of 510 companies
in the REITs industry
Industry Median: 7.145 vs GLPI: 5.07

Gaming and Leisure Properties Debt-to-EBITDA Historical Data

The historical data trend for Gaming and Leisure Properties'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.

Gaming and Leisure Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

6.19

5.71

6.19

4.96

5.07

Gaming and Leisure Properties 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																4.68	4.84	5.27	4.79	4.65

Competitive Comparison

For the REIT - Specialty subindustry, Gaming and Leisure Properties'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.

Gaming and Leisure Properties Debt-to-EBITDA Distribution

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

* The bar in red indicates where Gaming and Leisure Properties's Debt-to-EBITDA falls into.

Gaming and Leisure Properties Debt-to-EBITDA Calculation

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

Gaming and Leisure Properties'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	+	6878.664)	/	1357.179
	=	5.07

Gaming and Leisure Properties'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	+	6878.664)	/	1480.388
	=	4.65

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.

Gaming and Leisure Properties (NAS:GLPI) 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.

Gaming and Leisure Properties Debt-to-EBITDA Related Terms

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

Gaming and Leisure Properties (Gaming and Leisure Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Gaming and Leisure Properties Inc (NAS:GLPI) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

2GL:Germany

Address

845 Berkshire Boulevard, Suite 200, Wyomissing, PA, USA, 19610

Website

https://www.glpropinc.com

Gaming and Leisure Properties Inc, or GLP, is a real estate investment property trust primarily involved in the leasing of gaming and related facilities to wholly-owned subsidiaries of Penn National Gaming, or Penn, throughout the U.S. GLP segments its operations into GLP Capital and TRS Properties divisions. The company derives the vast majority of its revenue from its GLP Capital unit in the form of rental income from dockside and land-based casinos located mostly in the American Midwest. Almost all of GLP Capital's leases are long-term agreements that give Penn the option for future extensions. Gaming revenue generated by TRS Properties, which encompasses the operations of Hollywood Casino Perryville and Hollywood Casino Baton Rouge, also represents a significant income stream for GLP.

Executives

Steven Ladany	officer: SVP Chief Development Officer	845 BERKSHIRE BLVD., SUITE 200, WYOMISSING PA 19610
Brandon John Moore	officer: SVP & General Counsel	845 BERKSHIRE BLVD., SUITE 200, WYOMISSING PA 19610
Matthew Demchyk	officer: SVP, Investments	845 BERKSHIRE BOULEVARD, WYOMISSING PA 19610
Desiree A. Burke	officer: Chief Accounting Officer	845 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610
Barry F Schwartz	director	35 EAST 62ND ST, NEW YORK NY 10021
E Scott Urdang	director	845 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610
Joanne A. Epps	director, Director	C/O PENN, REAL ESTATE INVESTMENT TRUST, THE BELLEVUE, 200 S. BROAD STREET, PHILADELPHIA PA 19102
Earl C Shanks	director	CONVERGYS CORPORATION, 201 EAST FOURTH STREET, CINCINNATI OH 45202
Peter M Carlino	director, officer: CEO & President	845 BERKSHIRE BLVD, SUITE 200, WYOMISSING PA 19610
Carol Lynton	director	C/O EL POLLO HOLDINGS, INC., 3535 HARBOR BOULEVARD, SUITE 100, COSTA MESA CA 92626
Marshall Joseph W Iii	director	500 OFFICE CENTER DRIVE, SUITE 400, FT. WASHINGTON PA 19034
David A Handler	director	845 BERKSHIRE BLVD, SUITE 200, WYOMISSING PA 19610
William J Clifford	officer: CFO, Sec. & Treas.	845 BERKSHIRE BLVD. SUITE 200, WYOMISSING PA 19610
James Perry	director
Steven T. Snyder	officer: SR VP-Corp Development	845 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610