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Starts Proceed Investment (TSE:8979) Debt-to-EBITDA : 11.33 (As of Apr. 2023)


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What is Starts Proceed Investment Debt-to-EBITDA?

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

Starts Proceed Investment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2023 was 円9,033 Mil. Starts Proceed Investment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2023 was 円43,814 Mil. Starts Proceed Investment's annualized EBITDA for the quarter that ended in Apr. 2023 was 円4,663 Mil. Starts Proceed Investment's annualized Debt-to-EBITDA for the quarter that ended in Apr. 2023 was 11.33.

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 Starts Proceed Investment's Debt-to-EBITDA or its related term are showing as below:

TSE:8979' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 9.74   Med: 11.12   Max: 12.28
Current: 11.81

During the past 13 years, the highest Debt-to-EBITDA Ratio of Starts Proceed Investment was 12.28. The lowest was 9.74. And the median was 11.12.

TSE:8979's Debt-to-EBITDA is ranked worse than
75.69% of 510 companies
in the REITs industry
Industry Median: 7.22 vs TSE:8979: 11.81

Starts Proceed Investment Debt-to-EBITDA Historical Data

The historical data trend for Starts Proceed Investment'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.

Starts Proceed Investment Debt-to-EBITDA Chart

Starts Proceed Investment Annual Data
Trend Oct13 Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.91 11.72 9.74 11.46 10.95

Starts Proceed Investment Semi-Annual Data
Oct13 Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23
Debt-to-EBITDA Get a 7-Day Free Trial 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 11.40 11.52 11.28 10.64 11.33

Competitive Comparison of Starts Proceed Investment's Debt-to-EBITDA

For the REIT - Residential subindustry, Starts Proceed Investment'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.


Starts Proceed Investment's Debt-to-EBITDA Distribution in the REITs Industry

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

* The bar in red indicates where Starts Proceed Investment's Debt-to-EBITDA falls into.



Starts Proceed Investment Debt-to-EBITDA Calculation

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

Starts Proceed Investment's Debt-to-EBITDA for the fiscal year that ended in Oct. 2022 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(9222.5 + 36423.5) / 4168.489
=10.95

Starts Proceed Investment's annualized Debt-to-EBITDA for the quarter that ended in Apr. 2023 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(9032.5 + 43813.5) / 4662.546
=11.33

* 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 two times the quarterly (Apr. 2023) EBITDA data.


Starts Proceed Investment  (TSE:8979) 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.


Starts Proceed Investment Debt-to-EBITDA Related Terms

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


Starts Proceed Investment (TSE:8979) Business Description

Traded in Other Exchanges
N/A
Address
3-2-9 Nihonbashi, Chuo-ku, Tokyo, JPN
Starts Proceed Investment Corp operates as a REIT in Japan. The Company invests in lease real estate properties, short-term leasing apartments, and special feature business hotel.

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