Land Securities Group (LSE:LAND) Debt-to-EBITDA : -21.48 (As of Mar. 2024)

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What is Land Securities Group Debt-to-EBITDA?

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

Land Securities Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was £975.0 Mil. Land Securities Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was £2,805.0 Mil. Land Securities Group's annualized EBITDA for the quarter that ended in Mar. 2024 was £-176.0 Mil. Land Securities Group's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was -21.48.

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

LSE:LAND' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -164.39 Med: -0.61 Max: 43.88
Current: -16.36

During the past 13 years, the highest Debt-to-EBITDA Ratio of Land Securities Group was 43.88. The lowest was -164.39. And the median was -0.61.

LSE:LAND's Debt-to-EBITDA is ranked worse than
100% of 561 companies
in the REITs industry
Industry Median: 7.42 vs LSE:LAND: -16.36

Land Securities Group Debt-to-EBITDA Historical Data

The historical data trend for Land Securities 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.

Land Securities Group Debt-to-EBITDA Chart

Land Securities Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-EBITDA

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-7.24

-2.68

4.72

-6.71

-16.36

Land Securities Group Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Debt-to-EBITDA	Get a 7-Day Free Trial															3.48	-12.76	-4.64	-13.34	-21.48

Competitive Comparison of Land Securities Group's Debt-to-EBITDA

For the REIT - Diversified subindustry, Land Securities 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.

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

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

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

Land Securities Group Debt-to-EBITDA Calculation

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

Land Securities Group's Debt-to-EBITDA for the fiscal year that ended in Mar. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(975	+	2805)	/	-231
	=	-16.36

Land Securities Group's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(975	+	2805)	/	-176
	=	-21.48

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 (Mar. 2024) EBITDA data.

Land Securities Group (LSE:LAND) 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.

Land Securities Group Debt-to-EBITDA Related Terms

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

Land Securities Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Land Securities Group PLC (LSE:LAND) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

LSGOF:USA LDSCY:USA LANDl:UK LSU2:Germany

Address

100 Victoria Street, London, GBR, SW1E 5JL

Website

https://www.landsec.com

Land Securities Group PLC is a real estate investment trust engaged in buying, selling, developing, and managing commercial property in the United Kingdom. The company's real estate portfolio is made up of office, retail, and leisure spaces in the London and Greater London regions. Office locations in London's West End, offices in the City of London, and shopping centers comprise the majority of the value of Land Securities' total assets. The company derives nearly all of its revenue in the form of rental income from medium- to long-term leases with tenants. Land Securities' overall net rental income is fairly evenly split between revenue from its London office properties and its retail properties in Greater London.