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Vividend Management Group (JSE:VIF) Debt-to-EBITDA : 10.10 (As of Feb. 2014)


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What is Vividend Management Group Debt-to-EBITDA?

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

Vividend Management Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2014 was R53.1 Mil. Vividend Management Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2014 was R1,337.4 Mil. Vividend Management Group's annualized EBITDA for the quarter that ended in Feb. 2014 was R137.7 Mil. Vividend Management Group's annualized Debt-to-EBITDA for the quarter that ended in Feb. 2014 was 10.10.

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

JSE:VIF's Debt-to-EBITDA is not ranked *
in the REITs industry.
Industry Median: 7.3
* Ranked among companies with meaningful Debt-to-EBITDA only.

Vividend Management Group Debt-to-EBITDA Historical Data

The historical data trend for Vividend Management 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.

Vividend Management Group Debt-to-EBITDA Chart

Vividend Management Group Annual Data
Trend Aug11 Aug12 Aug13
Debt-to-EBITDA
12.27 9.35 11.58

Vividend Management Group Semi-Annual Data
Feb11 Feb12 Feb13 Feb14
Debt-to-EBITDA N/A N/A N/A 10.10

Competitive Comparison of Vividend Management Group's Debt-to-EBITDA

For the REIT - Diversified subindustry, Vividend Management 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.


Vividend Management Group's Debt-to-EBITDA Distribution in the REITs Industry

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

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



Vividend Management Group Debt-to-EBITDA Calculation

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

Vividend Management Group's Debt-to-EBITDA for the fiscal year that ended in Aug. 2013 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(49.175 + 1334.036) / 119.426
=11.58

Vividend Management Group's annualized Debt-to-EBITDA for the quarter that ended in Feb. 2014 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(53.106 + 1337.392) / 137.652
=10.10

* 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 one times the quarterly (Feb. 2014) EBITDA data.


Vividend Management Group  (JSE:VIF) 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.


Vividend Management Group Debt-to-EBITDA Related Terms

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Vividend Management Group (JSE:VIF) Business Description

Traded in Other Exchanges
N/A
Address
Vividend Management Group was incorporated on 17 February 2010. It is a real estate investment trust ( REIT). The Company's portfolio consists of investments in assets and opportunities within the various property sectors in South Africa and abroad with primary focus on the retail, commercial, industrial and office sectors. The Company own a portfolio of 22 properties providing 223 444 square metres of retail and commercial space.

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