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VICI Properties (MEX:VICI) Debt-to-EBITDA : 4.62 (As of Sep. 2024)


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What is VICI Properties Debt-to-EBITDA?

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

VICI Properties's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was MXN0 Mil. VICI Properties's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was MXN347,487 Mil. VICI Properties's annualized EBITDA for the quarter that ended in Sep. 2024 was MXN75,238 Mil. VICI Properties's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2024 was 4.62.

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

MEX:VICI' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.01   Med: 5.5   Max: 46.6
Current: 4.79

During the past 10 years, the highest Debt-to-EBITDA Ratio of VICI Properties was 46.60. The lowest was 0.01. And the median was 5.50.

MEX:VICI's Debt-to-EBITDA is ranked better than
73.12% of 573 companies
in the REITs industry
Industry Median: 7.36 vs MEX:VICI: 4.79

VICI Properties Debt-to-EBITDA Historical Data

The historical data trend for VICI Properties'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.

VICI Properties Debt-to-EBITDA Chart

VICI Properties Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.96 5.84 3.51 8.66 5.23

VICI Properties Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 5.68 4.61 5.45 4.58 4.62

Competitive Comparison of VICI Properties's Debt-to-EBITDA

For the REIT - Diversified subindustry, VICI Properties'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.


VICI Properties's Debt-to-EBITDA Distribution in the REITs Industry

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

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



VICI Properties Debt-to-EBITDA Calculation

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

VICI Properties'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
=(0 + 299230.904) / 57217.389
=5.23

VICI Properties's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0 + 347487.208) / 75237.976
=4.62

* 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 four times the quarterly (Sep. 2024) EBITDA data.


VICI Properties  (MEX:VICI) 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.


VICI Properties Debt-to-EBITDA Related Terms

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


VICI Properties Business Description

Traded in Other Exchanges
Address
535 Madison Avenue, 20th Floor, New York, NY, USA, 10022
VICI Properties Inc is a real estate investment trust based in the United States. It engaged in the business of owning and acquiring gaming, hospitality, and entertainment destinations, subject to long-term triple net leases. The company's operating segments are real property business and golf course business. The Real property business segment consists of leased real property whereas the Golf course business segment consists of several golf courses. Its golf courses include the Cascata Golf Course, the Rio Secco Golf Course, the Grand Bear Golf Course, and the Chariot Run Golf Course.