Burstone Group (JSE:BTN) Debt-to-EBITDA : 7.52 (As of Sep. 2023)

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What is Burstone Group Debt-to-EBITDA?

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

Burstone Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was R2,045 Mil. Burstone Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was R10,137 Mil. Burstone Group's annualized EBITDA for the quarter that ended in Sep. 2023 was R1,620 Mil. Burstone Group's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 was 7.52.

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

JSE:BTN' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.5 Med: 4.01 Max: 23.08
Current: 23.08

During the past 12 years, the highest Debt-to-EBITDA Ratio of Burstone Group was 23.08. The lowest was 1.50. And the median was 4.01.

JSE:BTN's Debt-to-EBITDA is ranked worse than
90.18% of 509 companies
in the REITs industry
Industry Median: 7.23 vs JSE:BTN: 23.08

Burstone Group Debt-to-EBITDA Historical Data

The historical data trend for Burstone 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.

Burstone Group Debt-to-EBITDA Chart

Burstone Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-EBITDA

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3.86

6.98

12.83

5.93

16.57

Burstone Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-EBITDA	Get a 7-Day Free Trial															6.43	5.52	5.00	-20.47	7.52

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

For the REIT - Diversified subindustry, Burstone 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.

Burstone Group's Debt-to-EBITDA Distribution in the REITs Industry

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

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

Burstone Group Debt-to-EBITDA Calculation

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

Burstone Group's Debt-to-EBITDA for the fiscal year that ended in Mar. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(1650.099	+	9890.985)	/	696.622
	=	16.57

Burstone Group's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(2045.253	+	10137.459)	/	1619.59
	=	7.52

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 (Sep. 2023) EBITDA data.

Burstone Group (JSE:BTN) 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.

Burstone Group Debt-to-EBITDA Related Terms

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

Burstone Group (JSE:BTN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Burstone Group Ltd (JSE:BTN) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

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Address

100 Grayston Drive, Sandown, Sandton, Johannesburg, GT, ZAF, 2196

Website

https://www.investecproperty.com

Burstone Group Ltd Formerly Investec Property Fund Ltd is a real estate investment trust operating in South Africa and formed with the purpose of investing in direct real estate. The objective of the fund is to expand its asset base by investing in well-priced income-producing investment properties. The fund invests in the office, industrial, and retail property sectors and is managed and operated by Investec Property, which is a wholly-owned subsidiary of Investec. The fund is well diversified in terms of sectoral spread but mostly concentrates investments in the province of Gauteng from a geographical spread standpoint. The vast majority of the fund's revenue is derived from contracted rental fees.

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