M.D.C. Holdings (M.D.C. Holdings) Debt-to-EBITDA : 2.50 (As of Dec. 2023)

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What is M.D.C. Holdings Debt-to-EBITDA?

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

M.D.C. Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $215 Mil. M.D.C. Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,506 Mil. M.D.C. Holdings's annualized EBITDA for the quarter that ended in Dec. 2023 was $688 Mil. M.D.C. Holdings's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 2.50.

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 M.D.C. Holdings's Debt-to-EBITDA or its related term are showing as below:

MDC' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.15 Med: 3.92 Max: 8.95
Current: 3.12

During the past 13 years, the highest Debt-to-EBITDA Ratio of M.D.C. Holdings was 8.95. The lowest was 2.15. And the median was 3.92.

MDC's Debt-to-EBITDA is ranked worse than
59.77% of 87 companies
in the Homebuilding & Construction industry
Industry Median: 2.69 vs MDC: 3.12

M.D.C. Holdings Debt-to-EBITDA Historical Data

The historical data trend for M.D.C. Holdings'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.

M.D.C. Holdings Debt-to-EBITDA Chart

M.D.C. Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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3.86

2.61

2.27

2.15

3.12

M.D.C. Holdings 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	Get a 7-Day Free Trial															3.52	3.60	3.45	2.84	2.50

Competitive Comparison of M.D.C. Holdings's Debt-to-EBITDA

For the Residential Construction subindustry, M.D.C. Holdings'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.

M.D.C. Holdings's Debt-to-EBITDA Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, M.D.C. Holdings's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where M.D.C. Holdings's Debt-to-EBITDA falls into.

M.D.C. Holdings Debt-to-EBITDA Calculation

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

M.D.C. Holdings'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
	=	(214.981	+	1506.343)	/	551.658
	=	3.12

M.D.C. Holdings'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
	=	(214.981	+	1506.343)	/	687.848
	=	2.50

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.

M.D.C. Holdings (NYSE:MDC) 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.

M.D.C. Holdings Debt-to-EBITDA Related Terms

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

M.D.C. Holdings (M.D.C. Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » M.D.C. Holdings Inc (NYSE:MDC) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

MDH:Germany

Address

4350 South Monaco Street, Suite 500, Denver, CO, USA, 80237

Website

http://www.mdcholdings.com

M.D.C. Holdings Inc is an American holding company that operates home construction, mortgage, insurance, and title companies. The company focuses on single-family and residential communities via its Richmond American Homes brand in Arizona, California, Colorado, Florida, Virginia, Nevada, Utah, and Washington. MDC Holdings constructs homes for first-time and move-up homebuyers. Its segments include Homebuilding and Financial Services. Its Home construction in Colorado, California, Washington, and Arizona derive most of the company's homebuilding revenue, followed by Utah, and Virginia.

Executives

David E Blackford	director	ONE SOUTH MAIN, SUITE 1134, SALT LAKE CITY UT 84111
Reece Paris G Iii	officer: Exec. Vice Pres and CFO	4350 S. MONACO STREET, SUITE 500, DENVER CO 80237
Robert Nathaniel Martin	officer: SVP and CFO	4350 S. MONACO STREET, SUITE 500, DENVER CO 80237
Larry A Mizel	10 percent owner	4350 S. MONACO STREET, SUITE 500, DENVER CO 80237
Michael A Berman	director	4350 S. MONACO STREET, SUITE 500, DENVER CO 80237
Raymond T Baker	director	2401 21ST AVENUE SOUTH, NASHVILLE TN 37212
David D Mandarich	director, officer: President, COO and Director	4350 S. MONACO STREET, SUITE 500, DENVER CO 80237
Herbert T Buchwald	director	4350 S. MONACO STREET, SUITE 500, DENVER CO 80237
Derek R Kimmerle	officer: Chief Accounting Officer	31475 UPPER BEAR CREEK ROAD, EVERGREEN CO 80439
Rafay Farooqui	director	4350 S. MONACO STREET, SUITE 500, DENVER CO 80237
Michael L. Kaplan	officer: Sr. VP and General Counsel	M.D.C. HOLDINGS, INC., 4350 S. MONACO STREET, SUITE 500, DENVER CO 80237
David Siegel	director	4350 SOUTH MONACO STREET, SUITE 500, DENVER CO 80237
Janice Sinden	director	828 FAIRFAX STREET, DENVER CO 80220
Mizel Courtney L.	director	9301 SAWYER STREET, LOS ANGELES CA 90035
Leslie B Fox	director	5511 E. CARON STREET, PARADISE VALLEY AZ 85253