Accelerate Property Fund (JSE:APF) Debt-to-EBITDA : 13.11 (As of Sep. 2023)

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What is Accelerate Property Fund Debt-to-EBITDA?

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

Accelerate Property Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was R1,931.6 Mil. Accelerate Property Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was R2,496.7 Mil. Accelerate Property Fund's annualized EBITDA for the quarter that ended in Sep. 2023 was R337.9 Mil. Accelerate Property Fund's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 was 13.10.

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 Accelerate Property Fund's Debt-to-EBITDA or its related term are showing as below:

JSE:APF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -22.71 Med: 3.21 Max: 13.36
Current: -11.39

During the past 11 years, the highest Debt-to-EBITDA Ratio of Accelerate Property Fund was 13.36. The lowest was -22.71. And the median was 3.21.

JSE:APF's Debt-to-EBITDA is ranked worse than
100% of 508 companies
in the REITs industry
Industry Median: 7.22 vs JSE:APF: -11.39

Accelerate Property Fund Debt-to-EBITDA Historical Data

The historical data trend for Accelerate Property Fund'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.

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Accelerate Property Fund Debt-to-EBITDA Chart

Accelerate Property Fund Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-EBITDA

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5.70

-14.54

-16.56

13.36

-22.71

Accelerate Property Fund Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-EBITDA	Get a 7-Day Free Trial															24.70	10.27	6.28	-4.02	13.11

Competitive Comparison of Accelerate Property Fund's Debt-to-EBITDA

For the REIT - Retail subindustry, Accelerate Property Fund'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.

Accelerate Property Fund's Debt-to-EBITDA Distribution in the REITs Industry

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

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

Accelerate Property Fund Debt-to-EBITDA Calculation

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

Accelerate Property Fund's Debt-to-EBITDA for the fiscal year that ended in Mar. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(2416.539	+	2060.425)	/	-197.158
	=	-22.71

Accelerate Property Fund's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(1931.613	+	2496.684)	/	337.914
	=	13.10

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 (Sep. 2023) EBITDA data.

Accelerate Property Fund (JSE:APF) 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.

Accelerate Property Fund Debt-to-EBITDA Related Terms

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

Accelerate Property Fund (JSE:APF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Accelerate Property Fund Ltd (JSE:APF) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

1st Floor, Corner Willow Avenue and Cedar Road, Cedar Square Shopping Centre, Management Office, Fourways, Johannesburg, GT, ZAF, 2055

Website

https://www.acceleratepf.co.za

Accelerate Property Fund Ltd is a retail-focused property fund. It functions through four operating segments. Office segment, which acquires, develops and leases offices. The industrial segment acquires, develops and leases warehouses and factories. The retail segment acquires, develops and leases shopping malls, community centres as well as retail centres. European single-tenant segment acquires develops and leases single-tenant space backed by long-term leases. Out of which Retail segment is a key revenue driver. Geographically, it has a presence in South Africa, Austria and Slovakia, out of which the majority of its revenue is generated from South Africa.

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