United Real Estate Co (K S C) (KUW:URC) Debt-to-EBITDA : 10.83 (As of Jun. 2024)

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What is United Real Estate Co (K S C) Debt-to-EBITDA?

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

United Real Estate Co (K S C)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was KWD16.26 Mil. United Real Estate Co (K S C)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was KWD349.08 Mil. United Real Estate Co (K S C)'s annualized EBITDA for the quarter that ended in Jun. 2024 was KWD33.73 Mil. United Real Estate Co (K S C)'s annualized Debt-to-EBITDA for the quarter that ended in Jun. 2024 was 10.83.

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 United Real Estate Co (K S C)'s Debt-to-EBITDA or its related term are showing as below:

KUW:URC' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 8.72 Med: 15.1 Max: 246.95
Current: 11.84

During the past 13 years, the highest Debt-to-EBITDA Ratio of United Real Estate Co (K S C) was 246.95. The lowest was 8.72. And the median was 15.10.

KUW:URC's Debt-to-EBITDA is ranked worse than
71.58% of 1256 companies
in the Real Estate industry
Industry Median: 6.075 vs KUW:URC: 11.84

United Real Estate Co (K S C) Debt-to-EBITDA Historical Data

The historical data trend for United Real Estate Co (K S C)'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.

United Real Estate Co (K S C) Debt-to-EBITDA Chart

United Real Estate Co (K S C) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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19.76

246.95

32.42

17.01

12.20

United Real Estate Co (K S C) Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-EBITDA	Get a 7-Day Free Trial															10.80	12.43	14.38	10.49	10.83

Competitive Comparison of United Real Estate Co (K S C)'s Debt-to-EBITDA

For the Real Estate - Development subindustry, United Real Estate Co (K S C)'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.

United Real Estate Co (K S C)'s Debt-to-EBITDA Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, United Real Estate Co (K S C)'s Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where United Real Estate Co (K S C)'s Debt-to-EBITDA falls into.

United Real Estate Co (K S C) Debt-to-EBITDA Calculation

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

United Real Estate Co (K S C)'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
	=	(20.964	+	350.653)	/	30.466
	=	12.20

United Real Estate Co (K S C)'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
	=	(16.258	+	349.078)	/	33.728
	=	10.83

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 four times the quarterly (Jun. 2024) EBITDA data.

United Real Estate Co (K S C) (KUW:URC) 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.

United Real Estate Co (K S C) Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of United Real Estate Co (K S C)'s Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

United Real Estate Co (K S C) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » United Real Estate Co (K S C) (KUW:URC) » Definitions » Debt-to-EBITDA

Traded in Other Exchanges

N/A

Address

Khalid Bin Al-Waleed Street, P.O. Box 2232, Al Shaheed Tower, Floors 7-8-9-10, Sharq, Safat, Kuwait, KWT, 13023

Website

https://www.urc.com.kw

United Real Estate Co (K S C) is a diversified real estate company. The firm primarily operates through a number of operating subsidiaries and investment arms across the Middle East and North Africa region. The company's core business is real estate development and operations. It has a diversified portfolio of assets that comprise residential, office, hospitality, and retail properties. In addition, the firm's operations extend to construction and contracting, facility management, and project management through its several subsidiaries. Its primary geographic markets are Kuwait, Jordan, Egypt and Oman out of which Kuwait generates maximum revenue for the company.

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