Springfield Properties (LSE:SPR) Debt-to-EBITDA : 8.81 (As of Nov. 2023)

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What is Springfield Properties Debt-to-EBITDA?

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

Springfield Properties's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was £5.6 Mil. Springfield Properties's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was £103.2 Mil. Springfield Properties's annualized EBITDA for the quarter that ended in Nov. 2023 was £12.4 Mil. Springfield Properties's annualized Debt-to-EBITDA for the quarter that ended in Nov. 2023 was 8.81.

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 Springfield Properties's Debt-to-EBITDA or its related term are showing as below:

LSE:SPR' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.69 Med: 3.39 Max: 28.76
Current: 5.44

During the past 9 years, the highest Debt-to-EBITDA Ratio of Springfield Properties was 28.76. The lowest was 1.69. And the median was 3.39.

LSE:SPR's Debt-to-EBITDA is ranked worse than
68.67% of 83 companies
in the Homebuilding & Construction industry
Industry Median: 2.46 vs LSE:SPR: 5.44

Springfield Properties Debt-to-EBITDA Historical Data

The historical data trend for Springfield Properties'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.

Springfield Properties Debt-to-EBITDA Chart

Springfield Properties Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

Debt-to-EBITDA

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1.71

5.04

1.69

2.32

3.39

Springfield Properties Semi-Annual Data
	May15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Debt-to-EBITDA	Get a 7-Day Free Trial												7.54	1.71	5.28	2.77	8.81

Competitive Comparison of Springfield Properties's Debt-to-EBITDA

For the Residential Construction subindustry, Springfield Properties'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.

Springfield Properties's Debt-to-EBITDA Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Springfield Properties's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Springfield Properties's Debt-to-EBITDA falls into.

Springfield Properties Debt-to-EBITDA Calculation

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

Springfield Properties's Debt-to-EBITDA for the fiscal year that ended in May. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(1.884	+	74.689)	/	22.613
	=	3.39

Springfield Properties's annualized Debt-to-EBITDA for the quarter that ended in Nov. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(5.592	+	103.186)	/	12.35
	=	8.81

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 (Nov. 2023) EBITDA data.

Springfield Properties (LSE:SPR) 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.

Springfield Properties Debt-to-EBITDA Related Terms

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

Springfield Properties (LSE:SPR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Springfield Properties PLC (LSE:SPR) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

9MZ:Germany

Address

8 Southfield Drive, Alexander Fleming House, Elgin, Morayshire, GBR, IV30 6GR

Website

https://www.thespringfieldgroup.co.uk

Springfield Properties PLC is a housebuilder focused on developing a mix of private and affordable housing in Scotland. The group primarily focuses on sourcing land for private housing in areas with high growth potential and progressing those developments through the planning process. It has one segment that is Housing building activity in the United Kingdom. It earns revenue from private residential properties, affordable housing, contact housing and others.