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Simon Property Group (Simon Property Group) Debt-to-EBITDA

: 4.53 (As of Dec. 2023)
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Debt-to-EBITDA measures a company's ability to pay off its debt.

Simon Property Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. Simon Property Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $26,518 Mil. Simon Property Group's annualized EBITDA for the quarter that ended in Dec. 2023 was $5,859 Mil. Simon Property Group's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 4.53.

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

SPG' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 4.64   Med: 5.33   Max: 7.98
Current: 5.43

During the past 13 years, the highest Debt-to-EBITDA Ratio of Simon Property Group was 7.98. The lowest was 4.64. And the median was 5.33.

SPG's Debt-to-EBITDA is ranked better than
65.49% of 510 companies
in the REITs industry
Industry Median: 7.145 vs SPG: 5.43

Simon Property Group Debt-to-EBITDA Historical Data

The historical data trend for Simon Property 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.

Simon Property Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.32 7.98 5.33 5.55 5.43

Simon Property Group 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 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 Premium Member Only Premium Member Only Premium Member Only 4.67 6.34 5.66 5.00 4.53

Competitive Comparison

For the REIT - Retail subindustry, Simon Property 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.


Simon Property Group Debt-to-EBITDA Distribution

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

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



Simon Property Group Debt-to-EBITDA Calculation

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

Simon Property 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
=(0 + 26518.284) / 4887.124
=5.43

Simon Property 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
=(0 + 26518.284) / 5859.276
=4.53

* 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.


Simon Property Group  (NYSE:SPG) 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.


Simon Property Group Debt-to-EBITDA Related Terms

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


Simon Property Group (Simon Property Group) Business Description

Address
225 West Washington Street, Indianapolis, IN, USA, 46204
Simon Property Group is the second-largest real estate investment trust in the United States. Its portfolio includes an interest in 231 properties: 136 traditional malls, 70 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), 6 lifestyle centers, and 5 other retail properties. Simon's portfolio averaged $693 in sales per square foot over the 12 months prior to the pandemic. The company also owns a 21% interest in Klepierre, a European retail company with investments in shopping centers in 16 countries, and joint venture interests in 33 premium outlets across 11 countries.
Executives
Larry C Glasscock director SYSCO CORPORATION, 1390 ENCLAVE PARKWAY, HOUSTON TX 77077
Randall J Lewis director WELLPOINT, INC, 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Allan B Hubbard director ANTHEM INC., 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Glyn Aeppel director 6 WHIPPOORWILL LANE, WESTPORT CT 06880
Gary M Rodkin director 700 ANDERSON HILL RD, PURCHASE NJ 10577
Reuben S Leibowitz director 466 LEXINGTON AVENUE 10TH FL, NEW YORK NY 10017
Marta R Stewart director C/O NORFOLK SOUTHERN CORP, THREE COMMERCIAL PL, NORFOLK VA 23510-9219
Daniel C. Smith director 3000 GODFREY GRADUATE AND EXECUTIVE CTR., 1275 EAST TENTH STREET, BLOOMINGTON IN 47405-1703
Stefan M Selig director 2 EAST 70TH STREET, NEW YORK NY 10021
Peggy Fang Roe director 100 COMMERCE LANE, APT. 1401, BETHESDA MD 20814
Karen N Horn director
Smith J Albert Jr director 111 MONUMENT CIRCLE, IN1-0175, INDIANAPOLIS IN 46204
Matthew A Jackson officer: SVP, Assistant Treasurer 225 W. WASHINGTON ST., INDIANAPOLIS IN 46256
Kevin M Kelly officer: Asst. General Counsel/Sec. 225 W. WASHINGTON ST., INDIANAPOLIS IN 46204
Donald G Frey officer: EVP, Treasurer 225 W. WASHINGTON ST., INDIANAPOLIS IN 46204