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Daiwa House REIT Investment (TSE:8984) Debt-to-EBITDA : 10.10 (As of Aug. 2023)


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What is Daiwa House REIT Investment Debt-to-EBITDA?

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

Daiwa House REIT Investment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was 円44,700 Mil. Daiwa House REIT Investment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was 円362,850 Mil. Daiwa House REIT Investment's annualized EBITDA for the quarter that ended in Aug. 2023 was 円40,368 Mil. Daiwa House REIT Investment's annualized Debt-to-EBITDA for the quarter that ended in Aug. 2023 was 10.10.

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 Daiwa House REIT Investment's Debt-to-EBITDA or its related term are showing as below:

TSE:8984' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 9.56   Med: 10.76   Max: 12.8
Current: 10.29

During the past 13 years, the highest Debt-to-EBITDA Ratio of Daiwa House REIT Investment was 12.80. The lowest was 9.56. And the median was 10.76.

TSE:8984's Debt-to-EBITDA is ranked worse than
68.44% of 507 companies
in the REITs industry
Industry Median: 7.21 vs TSE:8984: 10.29

Daiwa House REIT Investment Debt-to-EBITDA Historical Data

The historical data trend for Daiwa House REIT 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.

Daiwa House REIT Investment Debt-to-EBITDA Chart

Daiwa House REIT Investment Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.50 10.66 9.56 10.06 10.14

Daiwa House REIT Investment Semi-Annual Data
Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
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 9.93 10.21 10.18 10.10 -

Competitive Comparison of Daiwa House REIT Investment's Debt-to-EBITDA

For the REIT - Diversified subindustry, Daiwa House REIT 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.


Daiwa House REIT Investment's Debt-to-EBITDA Distribution in the REITs Industry

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

* The bar in red indicates where Daiwa House REIT Investment's Debt-to-EBITDA falls into.



Daiwa House REIT Investment Debt-to-EBITDA Calculation

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

Daiwa House REIT Investment's Debt-to-EBITDA for the fiscal year that ended in Aug. 2023 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(44700 + 362850) / 40211.165
=10.14

Daiwa House REIT Investment's annualized Debt-to-EBITDA for the quarter that ended in Aug. 2023 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(44700 + 362850) / 40368.376
=10.10

* 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 (Aug. 2023) EBITDA data.


Daiwa House REIT Investment  (TSE:8984) 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.


Daiwa House REIT Investment Debt-to-EBITDA Related Terms

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


Daiwa House REIT Investment (TSE:8984) Business Description

Traded in Other Exchanges
N/A
Address
2-4-8, Nagatacho, 7th Floor, Nissei Nagatacho Building, Chiyoda-ku, Tokyo, JPN, 100-0014
Daiwa House REIT Investment Corp is a diversified real estate investment trust which invests in real estate properties. Its core assets are logistics properties, residential properties, retail properties, and hotels. It invests mainly in three metropolitan areas the greater Tokyo area, the greater Nagoya area, and the greater Osaka area. The firm's portfolio consists of assets with various risk-return profiles. It generates revenue from rental activity on a straight-line accrual basis over the life of each lease contract. The company operates only in Japan.

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