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Equites Property Fund (JSE:EQU) Debt-to-EBITDA : 7.55 (As of Aug. 2023)


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What is Equites Property Fund Debt-to-EBITDA?

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

Equites Property Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was R4,113 Mil. Equites Property Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was R8,409 Mil. Equites Property Fund's annualized EBITDA for the quarter that ended in Aug. 2023 was R1,658 Mil. Equites Property Fund's annualized Debt-to-EBITDA for the quarter that ended in Aug. 2023 was 7.55.

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

JSE:EQU' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -23.23   Med: 3.25   Max: 104.73
Current: -23.23

During the past 9 years, the highest Debt-to-EBITDA Ratio of Equites Property Fund was 104.73. The lowest was -23.23. And the median was 3.25.

JSE:EQU's Debt-to-EBITDA is ranked worse than
100% of 507 companies
in the REITs industry
Industry Median: 7.21 vs JSE:EQU: -23.23

Equites Property Fund Debt-to-EBITDA Historical Data

The historical data trend for Equites Property Fund'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.

Equites Property Fund Debt-to-EBITDA Chart

Equites Property Fund Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only 4.45 6.65 10.89 3.25 104.73

Equites Property Fund Semi-Annual Data
Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23
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 2.24 3.44 3.16 -4.06 7.55

Competitive Comparison of Equites Property Fund's Debt-to-EBITDA

For the REIT - Industrial subindustry, Equites Property Fund'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.


Equites Property Fund's Debt-to-EBITDA Distribution in the REITs Industry

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

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



Equites Property Fund Debt-to-EBITDA Calculation

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

Equites Property Fund's Debt-to-EBITDA for the fiscal year that ended in Feb. 2023 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(3523.601 + 7590.856) / 106.124
=104.73

Equites Property Fund'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
=(4112.743 + 8408.737) / 1657.894
=7.55

* 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.


Equites Property Fund  (JSE:EQU) 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.


Equites Property Fund Debt-to-EBITDA Related Terms

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


Equites Property Fund (JSE:EQU) Business Description

Traded in Other Exchanges
N/A
Address
4 Bree Street, 14th Floor, Portside Towers, Cape Town, WC, ZAF, 8001
Equites Property Fund Ltd is a real estate investment trust based in South Africa. It is engaged in the investment in and development of commercial properties in the industrial sector. The group has assessed its operations and determined its segments in line with the clear geographic distinction between South Africa and the United Kingdom. SA Industrial segment generates the revenue.

Equites Property Fund (JSE:EQU) Headlines

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