Goodman Group (ASX:GMG) Debt-to-EBITDA : 4.87 (As of Dec. 2023)

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What is Goodman Group Debt-to-EBITDA?

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

Goodman Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$113 Mil. Goodman Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$1,694 Mil. Goodman Group's annualized EBITDA for the quarter that ended in Dec. 2023 was A$371 Mil. Goodman Group's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 4.87.

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 Goodman Group's Debt-to-EBITDA or its related term are showing as below:

ASX:GMG' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.73 Med: 1.8 Max: 2.65
Current: 2.06

During the past 13 years, the highest Debt-to-EBITDA Ratio of Goodman Group was 2.65. The lowest was 0.73. And the median was 1.80.

ASX:GMG's Debt-to-EBITDA is ranked better than
77.23% of 1269 companies
in the Real Estate industry
Industry Median: 5.53 vs ASX:GMG: 2.06

Goodman Group Debt-to-EBITDA Historical Data

The historical data trend for Goodman Group'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.

Goodman Group Debt-to-EBITDA Chart

Goodman Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-EBITDA

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1.61

1.72

0.88

0.73

1.67

Goodman Group 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															0.47	0.87	1.24	2.44	4.87

Competitive Comparison of Goodman Group's Debt-to-EBITDA

For the Real Estate - Diversified subindustry, Goodman Group'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.

Goodman Group's Debt-to-EBITDA Distribution in the Real Estate Industry

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

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

Goodman Group Debt-to-EBITDA Calculation

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

Goodman Group'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
	=	(12.3	+	3348.3)	/	2016.5
	=	1.67

Goodman Group'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
	=	(112.6	+	1693.6)	/	370.8
	=	4.87

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.

Goodman Group (ASX:GMG) 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.

Goodman Group Debt-to-EBITDA Related Terms

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

Goodman Group (ASX:GMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Goodman Group (ASX:GMG) » Definitions » Debt-to-EBITDA

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Traded in Other Exchanges

GMGSF:USA

Address

1-11 Hayes Road, The Hayesbery, Rosebery, Sydney, NSW, AUS, 2018

Website

https://www.goodman.com

Goodman Group develops and manages industrial property investments worldwide. Rather than taking all risks on its own balance sheet, most Goodman developments are on behalf of end-user tenants, and funds management clients. A typical deal involves purchasing land for a tenant who wants to occupy the site, and/or an investor who will own the asset via a Goodman investment vehicle. Goodman charges leasing fees for locking in tenants, and fees for managing the development. Completed projects reside in Goodman investment vehicles, and Goodman charges asset and investment management fees to investors, in return for collecting rent and managing the site. Goodman retains a minority stake in many projects, generating rental income and aligning its interests with its funds management clients.

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