AHT (Ashford Hospitality Trust) Debt-to-EBITDA : 12.06 (As of Mar. 2026) — 19% Above Median

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AHT Ashford Hospitality Trust Inc AHT
42 GF Score
Price $3.06
GF Value $6.02
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Ashford Hospitality Trust Debt-to-EBITDA?

Ashford Hospitality Trust AHT 42 Debt-to-EBITDA is 12.06 as of Mar. 2026, which is 19% above its 10-year median of 10.10. GuruFocus rates AHT with a GF Score™ of 42/100 and a GF Value™ of $6.02 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 577 REITs companies, Ashford Hospitality Trust ranks worse than 81.63% on this metric.

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

Ashford Hospitality Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $0 Mil. Ashford Hospitality Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $2,349 Mil. Ashford Hospitality Trust's annualized EBITDA for the quarter that ended in Mar. 2026 was $195 Mil. Ashford Hospitality Trust's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 12.06.

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

AHT' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -28.08   Med: 10.1   Max: 35.75
Current: 11.48

During the past 13 years, the highest Debt-to-EBITDA Ratio of Ashford Hospitality Trust was 35.75. The lowest was -28.08. And the median was 10.10.

AHT's Debt-to-EBITDA is ranked worse than
81.63% of 577 companies
in the REITs industry
Industry Median: 6.59 vs AHT: 11.48

Ashford Hospitality Trust  (NYSE:AHT) 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.


Ashford Hospitality Trust Debt-to-EBITDA Related Terms


Ashford Hospitality Trust Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Ashford Hospitality 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.

Ashford Hospitality Trust Debt-to-EBITDA Chart

Ashford Hospitality Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 35.75 13.27 8.30 6.60 10.43

Ashford Hospitality Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 8.20 9.00 16.63 23.34 12.06

AHT vs IHT, HST, RHP: Debt-to-EBITDA Comparison

For the REIT - Hotel & Motel subindustry, Ashford Hospitality 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.


Ashford Hospitality Trust Debt-to-EBITDA vs REITs Industry

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

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


AHT
42GF Score
Ashford Hospitality Trust Inc AHT
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ashford Hospitality Trust Debt-to-EBITDA Calculation

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

Ashford Hospitality Trust'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
=(0 + 2588.189) / 248.26
=10.43

Ashford Hospitality Trust's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0 + 2348.622) / 194.7
=12.06

* 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 four times the quarterly (Mar. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 12.06 mean?
Ashford Hospitality Trust (AHT) has a Debt-to-EBITDA of 12.06 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Ashford Hospitality Trust. This is 19% above median its historical median of 10.10. According to the industry distribution chart, Ashford Hospitality Trust ranks #471 out of 577 companies in the REITs industry, placing it in the top 81.6%.
Is Ashford Hospitality Trust's Debt-to-EBITDA too high?
Ashford Hospitality Trust's current Debt-to-EBITDA of 12.06 is 19% above median its 10-year median of 10.10. The REITs industry median Debt-to-EBITDA is 6.59. Ashford Hospitality Trust's value of 12.06 is 83% above this industry median. Based on the distribution chart, Ashford Hospitality Trust ranks #471 out of 577 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Ashford Hospitality Trust has a GF Score™ of 42/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ashford Hospitality Trust's Debt-to-EBITDA compare to IHT and HST?
According to the REITs industry distribution chart, Ashford Hospitality Trust ranks #471 out of 577 companies for Debt-to-EBITDA. This places Ashford Hospitality Trust in the lower half of its industry. The industry median Debt-to-EBITDA is 6.59. Ashford Hospitality Trust's value of 12.06 is 83% above this benchmark. While the company's 10-year median is 10.10 vs. the industry median of 6.59, Ashford Hospitality Trust has consistently been above 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 6.59, based on 577 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. Ashford Hospitality Trust's current Debt-to-EBITDA of 12.06 is 83% above 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 Ashford Hospitality Trust. For the REITs industry, the median Debt-to-EBITDA is 6.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ashford Hospitality Trust's current Debt-to-EBITDA is 12.06, which is 19% above median its own 10-year median of 10.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ashford Hospitality Trust stock overvalued right now?
Based on GuruFocus' analysis, Ashford Hospitality Trust (AHT) is currently considered Possible Value Trap. The stock's GF Value™ is $6.02, compared to a current price of $3.06 — trading 49.2% below its estimated fair value. The current Debt-to-EBITDA is 12.06, which is 19% above median its 10-year median of 10.10 and 83% above the REITs industry median of 6.59. Ashford Hospitality Trust's overall GF Score™ is 42/100 with 5 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 Ashford Hospitality Trust (AHT), the current Debt-to-EBITDA is 12.06 as of Mar. 2026. 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 Ashford Hospitality Trust (AHT) Overvalued in 2026?

Based on GuruFocus' analysis, Ashford Hospitality Trust stock appears to be undervalued. The current stock price of $3.06 is trading 49.2% below its estimated GF Value™ of $6.02. GuruFocus considers Ashford Hospitality Trust to be Possible Value Trap.

Key valuation signals for AHT:

  • Debt-to-EBITDA: 12.06 (19% above median its 10-year median of 10.10)
  • GF Value™: $6.02 vs. price of $3.06 (49.2% below fair value)
  • GF Score™: 42/100 with 5 warning signs
  • Industry Position: 83% above the REITs median (#471 of 577)

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


Ashford Hospitality Trust Business Description

Industry Real EstateREITs
Address 14185 Dallas Parkway, Suite 1200, Dallas, TX, USA, 75254
Ashford Hospitality Trust Inc is a real estate investment trust (REIT) operating in the hotel lodging industry. The company's portfolio consists of upscale and upper upscale full-service hotels, with its investment focused on acquiring and investing in upper upscale full-service hotels in the United States that have revenue per available room (RevPAR) generally less than twice the U.S. national average, through direct real estate ownership as well as equity and debt investments. Its hotel properties are mainly branded under internationally recognized names such as Hilton, Hyatt, Marriott, and InterContinental Hotels Group. It operates through a single reportable business segment, direct hotel investments, which involves owning hotel properties through acquisitions or new development.
42GF Score

Get the complete analysis for AHT

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

$3.06
Price
$6.02
GF Value