CapitaLand Ascott Trust (SGX:HMN) Debt-to-EBITDA : 5.45 (As of Dec. 2023)

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What is CapitaLand Ascott Trust Debt-to-EBITDA?

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

CapitaLand Ascott Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$576.6 Mil. CapitaLand Ascott Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$2,739.7 Mil. CapitaLand Ascott Trust's annualized EBITDA for the quarter that ended in Dec. 2023 was S$608.4 Mil. CapitaLand Ascott Trust's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 5.45.

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 CapitaLand Ascott Trust's Debt-to-EBITDA or its related term are showing as below:

SGX:HMN' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -16.18 Med: 7.02 Max: 8.28
Current: 7.1

During the past 13 years, the highest Debt-to-EBITDA Ratio of CapitaLand Ascott Trust was 8.28. The lowest was -16.18. And the median was 7.02.

SGX:HMN's Debt-to-EBITDA is ranked better than
50.98% of 510 companies
in the REITs industry
Industry Median: 7.22 vs SGX:HMN: 7.10

CapitaLand Ascott Trust Debt-to-EBITDA Historical Data

The historical data trend for CapitaLand Ascott Trust'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.

CapitaLand Ascott Trust Debt-to-EBITDA Chart

CapitaLand Ascott Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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7.95

-16.18

6.45

8.28

7.10

CapitaLand Ascott Trust Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial															6.79	14.49	5.69	9.87	5.45

Competitive Comparison of CapitaLand Ascott Trust's Debt-to-EBITDA

For the REIT - Diversified subindustry, CapitaLand Ascott Trust'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.

CapitaLand Ascott Trust's Debt-to-EBITDA Distribution in the REITs Industry

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

* The bar in red indicates where CapitaLand Ascott Trust's Debt-to-EBITDA falls into.

CapitaLand Ascott Trust Debt-to-EBITDA Calculation

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

CapitaLand Ascott Trust'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
	=	(576.571	+	2739.676)	/	466.879
	=	7.10

CapitaLand Ascott Trust'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
	=	(576.571	+	2739.676)	/	608.358
	=	5.45

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 (Dec. 2023) EBITDA data.

CapitaLand Ascott Trust (SGX:HMN) 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.

CapitaLand Ascott Trust Debt-to-EBITDA Related Terms

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

CapitaLand Ascott Trust (SGX:HMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » CapitaLand Ascott Trust (SGX:HMN) » Definitions » Debt-to-EBITDA

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Traded in Other Exchanges

ATTRF:USA

Address

168 Robinson Road, No. 30-01, Capital Tower, Singapore, SGP, 068912

Website

https://www.capitalandascotttrust.com

CapitaLand Ascott Trust, or CLAS, is a hospitality trust focusing on serviced residences, hotels, rental housing and student accommodation. As of Dec. 31, 2022, the trust has a SGD 8.0 billion portfolio, consisting of 105 properties with more than 18,000 units in 47 cities across 15 countries globally. Its main markets include the United States, France, Japan, Singapore, the United Kingdom, Vietnam, China and Australia. The trust is a stapled unit comprising CapitaLand Ascott REIT, which is managed by manager CapitaLand Ascott Trust Management Limited and CapitaLand Ascott Business Trust, which is managed by trustee-manager CapitaLand Ascott Business Trust Management Pte. Ltd. Sponsor CapitaLand Investments Limited, owns around a 39% stake in CLAS.