Icade (FRA:3IC) Debt-to-EBITDA : -25.63 (As of Jun. 2024)

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What is Icade Debt-to-EBITDA?

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. 2024 was €536 Mil. Icade's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €4,226 Mil. Icade's annualized EBITDA for the quarter that ended in Jun. 2024 was €-186 Mil. Icade's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2024 was -25.63.

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:

FRA:3IC' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -119.75 Med: 8.83 Max: 22.96
Current: -6.07

During the past 13 years, the highest Debt-to-EBITDA Ratio of Icade was 22.96. The lowest was -119.75. And the median was 8.83.

FRA:3IC's Debt-to-EBITDA is ranked worse than
100% of 573 companies
in the REITs industry
Industry Median: 7.36 vs FRA:3IC: -6.07

Icade Debt-to-EBITDA Historical Data

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.

* Premium members only.

Icade Debt-to-EBITDA Chart

Icade Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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8.74

22.96

9.67

-119.75

-4.61

Icade Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-EBITDA	Get a 7-Day Free Trial															16.63	-13.19	-6.48	-3.71	-25.63

Competitive Comparison of Icade's Debt-to-EBITDA

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's Debt-to-EBITDA Distribution in the 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.

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. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(560	+	4567.8)	/	-1112.8
	=	-4.61

Icade's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(536.4	+	4225.5)	/	-185.8
	=	-25.63

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. 2024) EBITDA data.

Icade (FRA:3IC) 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

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

Icade Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Icade (FRA:3IC) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

CDMGF:USA ICADp:UK 0K4O:UK ICAD:France 3IC:Germany

Address

Immeuble Open, 27, Rue Camille Desmoulins, Issy-les-Moulineaux, Paris, FRA, 92445

Website

https://www.icade.fr

Icade is a French real estate investment trust involved in the ownership and management of commercial property around Paris. The vast majority of Icade's real estate portfolio is split between office and business park properties. Nearly all of these are located in Greater Paris with roughly half residing in the inner and outer rings of the metro area. Icade derives Majority of its revenue from its Property Development division through the sale of real estate. Rental income from short- to mid-term leases out of its Property Investment division also represents a substantial revenue stream. Institutional investors, private investors, and buyers represent fairly equal parts of the company's customer orders. Icade also has holdings in healthcare properties outside of the Paris region.

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