Investore Property (NZSE:IPL) Debt-to-EBITDA : 20.30 (As of Mar. 2024)

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What is Investore Property Debt-to-EBITDA?

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

Investore Property's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NZ$100.09 Mil. Investore Property's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NZ$314.17 Mil. Investore Property's annualized EBITDA for the quarter that ended in Mar. 2024 was NZ$20.41 Mil. Investore Property's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 20.30.

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

NZSE:IPL' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -2.92 Med: 3.7 Max: 5.4
Current: -2.34

During the past 7 years, the highest Debt-to-EBITDA Ratio of Investore Property was 5.40. The lowest was -2.92. And the median was 3.70.

NZSE:IPL's Debt-to-EBITDA is ranked worse than
100% of 510 companies
in the REITs industry
Industry Median: 7.22 vs NZSE:IPL: -2.34

Investore Property Debt-to-EBITDA Historical Data

The historical data trend for Investore Property'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.

Investore Property Debt-to-EBITDA Chart

Investore Property Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-EBITDA

Get a 7-Day Free Trial

5.20

1.58

2.67

-2.92

-8.98

Investore Property Semi-Annual Data
	Sep16	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Debt-to-EBITDA	Get a 7-Day Free Trial										2.58	-11.26	-1.68	-3.60	20.30

Competitive Comparison of Investore Property's Debt-to-EBITDA

For the REIT - Retail subindustry, Investore Property'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.

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

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

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

Investore Property Debt-to-EBITDA Calculation

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

Investore Property'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
	=	(100.089	+	314.173)	/	-46.147
	=	-8.98

Investore Property'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
	=	(100.089	+	314.173)	/	20.408
	=	20.30

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.

Investore Property (NZSE:IPL) 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.

Investore Property Debt-to-EBITDA Related Terms

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

Investore Property (NZSE:IPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Investore Property Ltd (NZSE:IPL) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

34 Shortland Street, Level 12, Auckland, NZL, 1010

Website

https://www.investoreproperty.co.nz

Investore Property Ltd is a commercial property ownership business that has been established to invest in quality Large Format Retail property assets. Its Large Format Retail includes single-story or low-level properties comprising retail shops and outlets and car parking areas. The group is reported to have a single operating segment, being large format retail properties. The company derives revenue from Rental income.

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