Icade (CDMGF) Debt-to-EBITDA : -19.38 (As of Jun. 2026)

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CDMGF Icade CDMGF
54 GF Score
Price $20.15
GF Value $23.91
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is Icade Debt-to-EBITDA?

Icade CDMGF 54 Debt-to-EBITDA is -19.38 as of Jun. 2026. GuruFocus rates CDMGF with a GF Score™ of 54/100 and a GF Value™ of $23.91 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 578 REITs companies, Icade ranks worse than 173010.21% on this metric.

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

Icade's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $614 Mil. Icade's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $4,034 Mil. Icade's annualized EBITDA for the quarter that ended in Jun. 2026 was $-240 Mil. Icade's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was -19.38.

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

CDMGF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -434.55   Med: 8.83   Max: 22.96
Current: -61.69

During the past 13 years, the highest Debt-to-EBITDA Ratio of Icade was 22.96. The lowest was -434.55. And the median was 8.83.

CDMGF's Debt-to-EBITDA is ranked worse than
100% of 578 companies
in the REITs industry
Industry Median: 6.51 vs CDMGF: -61.69

Icade  (OTCPK:CDMGF) 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.


Icade Debt-to-EBITDA Related Terms


Icade Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Icade'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.

Icade Debt-to-EBITDA Chart

Icade 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 9.67 -119.74 -4.55 -29.47 -434.54

Icade Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 -25.30 -37.76 -48.30 56.14 -19.38

CDMGF vs VICI, WPC, BNL: Debt-to-EBITDA Comparison

For the REIT - Diversified subindustry, Icade'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.


Icade Debt-to-EBITDA vs REITs Industry

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

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


CDMGF
54GF Score
Icade CDMGF
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Icade Debt-to-EBITDA Calculation

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

Icade'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
=(1210.656 + 3877.752) / -11.71
=-434.54

Icade's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(613.825 + 4034.447) / -239.862
=-19.38

* 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 (Jun. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of -19.38 mean?
Icade (CDMGF) has a Debt-to-EBITDA of -19.38 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Icade. According to the industry distribution chart, Icade ranks #999999 out of 578 companies in the REITs industry.
Is Icade's Debt-to-EBITDA too high?
Icade's current Debt-to-EBITDA is -19.38. Based on the distribution chart, Icade ranks #999999 out of 578 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Icade has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Icade's Debt-to-EBITDA compare to VICI and WPC?
According to the REITs industry distribution chart, Icade ranks #999999 out of 578 companies for Debt-to-EBITDA. This places Icade in the lower half of its industry. The industry median Debt-to-EBITDA is 6.51. 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 6.51, 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. 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 Icade. For the REITs industry, the median Debt-to-EBITDA is 6.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Icade's current Debt-to-EBITDA is -19.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Icade stock overvalued right now?
Based on GuruFocus' analysis, Icade (CDMGF) is currently considered Modestly Undervalued. The stock's GF Value™ is $23.91, compared to a current price of $20.15 — trading 15.7% below its estimated fair value. The current Debt-to-EBITDA is -19.38. Icade's overall GF Score™ is 54/100 with 7 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 Icade (CDMGF), the current Debt-to-EBITDA is -19.38 as of Jun. 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 Icade (CDMGF) Overvalued in 2026?

Based on GuruFocus' analysis, Icade stock appears to be undervalued. The current stock price of $20.15 is trading 15.7% below its estimated GF Value™ of $23.91. GuruFocus considers Icade to be Modestly Undervalued.

Key valuation signals for CDMGF:

  • Debt-to-EBITDA: -19.38
  • GF Value™: $23.91 vs. price of $20.15 (15.7% below fair value)
  • GF Score™: 54/100 with 7 warning signs

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


Icade Business Description

Industry Real EstateREITs
Address No. 1, avenue du General-deGaulle, Hyfive Tower, Puteaux, FRA, 92800
Icade is a French real estate investment trust involved in the ownership and management of commercial property around Paris. The company's real estate portfolio consists of offices, business premises (TV and photo studios, data centers, warehouses, etc.), other assets such as hotels, shops, and land reserves. Its flagship projects include EDENN, HYFIVE, and EQHO. The company has two operating segments: the Property Investment business and the Property Development business. The majority of revenue is derived from the Property Investment business, which focuses on holding and developing office properties and business parks for the rental of these assets and active management of this asset portfolio.
54GF Score

Get the complete analysis for CDMGF

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

$20.15
Price
$23.91
GF Value