ACDSF (CapitaLand Ascendas REIT) Debt-to-EBITDA : 6.16 (As of Dec. 2025) — 10% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ACDSF CapitaLand Ascendas REIT ACDSF
80 GF Score
Price $1.90
GF Value $2.17
Valuation Fairly Valued
! 9 Warning Signs
View Full Analysis

What is CapitaLand Ascendas REIT Debt-to-EBITDA?

CapitaLand Ascendas REIT ACDSF +0.26% 80 Debt-to-EBITDA is 6.16 as of Dec. 2025, which is 10% below its 10-year median of 6.87. GuruFocus rates ACDSF with a GF Score™ of 80/100 and a GF Value™ of $2.17 (Fairly Valued). The stock has 9 warning signs investors should review. Among 578 REITs companies, CapitaLand Ascendas REIT ranks worse than 56.06% on this metric.

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

CapitaLand Ascendas REIT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was $1,360 Mil. CapitaLand Ascendas REIT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was $4,780 Mil. CapitaLand Ascendas REIT's annualized EBITDA for the quarter that ended in Dec. 2025 was $998 Mil. CapitaLand Ascendas REIT's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 was 6.15.

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 Ascendas REIT's Debt-to-EBITDA or its related term are showing as below:

ACDSF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 5.56   Med: 6.87   Max: 17.23
Current: 7.18

During the past 13 years, the highest Debt-to-EBITDA Ratio of CapitaLand Ascendas REIT was 17.23. The lowest was 5.56. And the median was 6.87.

ACDSF's Debt-to-EBITDA is ranked worse than
56.06% of 578 companies
in the REITs industry
Industry Median: 6.49 vs ACDSF: 7.18

CapitaLand Ascendas REIT  (OTCPK:ACDSF) 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 Ascendas REIT Debt-to-EBITDA Related Terms


CapitaLand Ascendas REIT Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for CapitaLand Ascendas REIT'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.

CapitaLand Ascendas REIT Debt-to-EBITDA Chart

CapitaLand Ascendas REIT Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.56 6.60 17.23 7.05 7.18

CapitaLand Ascendas REIT Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 Premium Member Only -37.44 7.42 6.76 7.77 6.16

ACDSF vs PLD, PSA, EXR: Debt-to-EBITDA Comparison

For the REIT - Industrial subindustry, CapitaLand Ascendas REIT'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 Ascendas REIT Debt-to-EBITDA vs REITs Industry

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

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


ACDSF
80GF Score
CapitaLand Ascendas REIT ACDSF
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CapitaLand Ascendas REIT Debt-to-EBITDA Calculation

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

CapitaLand Ascendas REIT's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1359.938 + 4780.144) / 855.619
=7.18

CapitaLand Ascendas REIT's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1359.938 + 4780.144) / 997.6
=6.15

* 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 (Dec. 2025) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 6.16 mean?
CapitaLand Ascendas REIT (ACDSF) has a Debt-to-EBITDA of 6.16 as of Dec. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on CapitaLand Ascendas REIT. This is 10% below median its historical median of 6.87. Over the past decade, CapitaLand Ascendas REIT's Debt-to-EBITDA has ranged from 5.56 to 17.23. According to the industry distribution chart, CapitaLand Ascendas REIT ranks #324 out of 578 companies in the REITs industry, placing it in the top 56.1%.
Is CapitaLand Ascendas REIT's Debt-to-EBITDA too high?
CapitaLand Ascendas REIT's current Debt-to-EBITDA of 6.16 is 10% below median its 10-year median of 6.87. Over the past 10 years, this metric has ranged from a low of 5.56 to a high of 17.23. The REITs industry median Debt-to-EBITDA is 6.49. CapitaLand Ascendas REIT's value of 6.16 is 5.1% below this industry median. Based on the distribution chart, CapitaLand Ascendas REIT ranks #324 out of 578 companies in the REITs industry, which is below the industry midpoint. Overall, CapitaLand Ascendas REIT has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CapitaLand Ascendas REIT's Debt-to-EBITDA compare to PLD and PSA?
According to the REITs industry distribution chart, CapitaLand Ascendas REIT ranks #324 out of 578 companies for Debt-to-EBITDA. This places CapitaLand Ascendas REIT in the lower half of its industry. The industry median Debt-to-EBITDA is 6.49. CapitaLand Ascendas REIT's value of 6.16 is 5.1% below this benchmark. Historically, CapitaLand Ascendas REIT's own Debt-to-EBITDA has ranged from 5.56 to 17.23 over the past decade. While the company's 10-year median is 6.87 vs. the industry median of 6.49, CapitaLand Ascendas REIT has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a REITs company?
The median Debt-to-EBITDA among REITs companies is 6.49, based on 578 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CapitaLand Ascendas REIT's current Debt-to-EBITDA of 6.16 is 5.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on CapitaLand Ascendas REIT. For the REITs industry, the median Debt-to-EBITDA is 6.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CapitaLand Ascendas REIT's current Debt-to-EBITDA is 6.16, which is 10% below median its own 10-year median of 6.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CapitaLand Ascendas REIT stock overvalued right now?
Based on GuruFocus' analysis, CapitaLand Ascendas REIT (ACDSF) is currently considered Fairly Valued. The stock's GF Value™ is $2.17, compared to a current price of $1.90 — trading 12.7% below its estimated fair value. The current Debt-to-EBITDA is 6.16, which is 10% below median its 10-year median of 6.87 and 5.1% below the REITs industry median of 6.49. CapitaLand Ascendas REIT's overall GF Score™ is 80/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For CapitaLand Ascendas REIT (ACDSF), the current Debt-to-EBITDA is 6.16 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is CapitaLand Ascendas REIT (ACDSF) Overvalued in 2026?

Based on GuruFocus' analysis, CapitaLand Ascendas REIT stock appears to be undervalued. The current stock price of $1.90 is trading 12.7% below its estimated GF Value™ of $2.17. GuruFocus considers CapitaLand Ascendas REIT to be Fairly Valued.

Key valuation signals for ACDSF:

  • Debt-to-EBITDA: 6.16 (10% below median its 10-year median of 6.87)
  • GF Value™: $2.17 vs. price of $1.90 (12.7% below fair value)
  • GF Score™: 80/100 with 9 warning signs
  • Industry Position: 5.1% below the REITs median (#324 of 578)

No single metric tells the full story. See the ACDSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CapitaLand Ascendas REIT Business Description

Industry Real EstateREITs
Other Exchanges A17U:SingaporeS3Z:Germany
Address 168 Robinson Road, No. 30-01 Capital Tower, Singapore, SGP, 068912
CapitaLand Ascendas REIT is a real estate investment trust focusing on the industrial and business space. As of Dec. 31, 2025, it held a SGD 18.2 billion portfolio of 222 properties across Singapore, Australia, Europe, and the US. The property types encompass business and science parks, high-specification industrial properties, data centers, light industrial properties, and logistics and distribution centers. The trust is externally managed by Ascendas Funds Management, a subsidiary of CapitaLand Investment, which owns a 17.5% stake in the trust.
80GF Score

Get the complete analysis for ACDSF

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.90
Price
$2.17
GF Value