Charter Hall Long WALE REIT (ASX:CLW) Debt-to-EBITDA : -4.71 (As of Dec. 2023)

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What is Charter Hall Long WALE REIT Debt-to-EBITDA?

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

Charter Hall Long WALE REIT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.0 Mil. Charter Hall Long WALE REIT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$2,039.5 Mil. Charter Hall Long WALE REIT's annualized EBITDA for the quarter that ended in Dec. 2023 was A$-432.8 Mil. Charter Hall Long WALE REIT's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -4.71.

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 Charter Hall Long WALE REIT's Debt-to-EBITDA or its related term are showing as below:

ASX:CLW' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -15.09 Med: 4.3 Max: 8.02
Current: -3.96

During the past 7 years, the highest Debt-to-EBITDA Ratio of Charter Hall Long WALE REIT was 8.02. The lowest was -15.09. And the median was 4.30.

ASX:CLW's Debt-to-EBITDA is ranked worse than
100% of 507 companies
in the REITs industry
Industry Median: 7.23 vs ASX:CLW: -3.96

Charter Hall Long WALE REIT Debt-to-EBITDA Historical Data

The historical data trend for Charter Hall Long WALE 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.

* Premium members only.

Charter Hall Long WALE REIT Debt-to-EBITDA Chart

Charter Hall Long WALE REIT Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-EBITDA

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5.89

5.78

2.09

1.94

-15.09

Charter Hall Long WALE REIT Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial										1.54	2.69	5.59	-3.25	-4.71

Competitive Comparison of Charter Hall Long WALE REIT's Debt-to-EBITDA

For the REIT - Diversified subindustry, Charter Hall Long WALE 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.

Charter Hall Long WALE REIT's Debt-to-EBITDA Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Charter Hall Long WALE REIT's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Charter Hall Long WALE REIT's Debt-to-EBITDA falls into.

Charter Hall Long WALE REIT Debt-to-EBITDA Calculation

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

Charter Hall Long WALE REIT's Debt-to-EBITDA for the fiscal year that ended in Jun. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0	+	1940.891)	/	-128.617
	=	-15.09

Charter Hall Long WALE REIT'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
	=	(0	+	2039.468)	/	-432.834
	=	-4.71

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.

Charter Hall Long WALE REIT (ASX:CLW) 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.

Charter Hall Long WALE REIT Debt-to-EBITDA Related Terms

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

Charter Hall Long WALE REIT (ASX:CLW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Charter Hall Long WALE REIT (ASX:CLW) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

CHLWF:USA

Address

No. 1 Martin Place, Level 20, Sydney, NSW, AUS, 2000

Website

https://www.charterhall.com.au

Charter Hall Long Wale REIT is a diversified property trust, with assets in Australia and New Zealand. Occupancy is near 100%, and weighted average lease length is a long 11.2 years (as at June 30, 2023). More than half the REIT's leases are triple-net, where tenants pay rates, maintenance and most outgoings. The REIT's about AUD 7 billion portfolio of 550 properties spans offices, industrial, retail, social infrastructure, and agricultural logistics assets, with about 79% of the portfolio on Australia's eastern seaboard. Leases are evenly spread between CPI-linked (7.2% average rent increase expected in 2023) and fixed uplifts (average 3.1% uplift expected). The tenant profile is strong, with almost all occupiers being government, multinational or national businesses.