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OFCPRLCL.PFD (Corporate Office Properties Trust) Debt-to-EBITDA : 6.26 (As of Sep. 2024)


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What is Corporate Office Properties Trust Debt-to-EBITDA?

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

Corporate Office Properties Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $75.00 Mil. Corporate Office Properties Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $2,349.45 Mil. Corporate Office Properties Trust's annualized EBITDA for the quarter that ended in Sep. 2024 was $387.30 Mil. Corporate Office Properties Trust's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2024 was 6.26.

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

OFCPRLCL.PFD' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 4.56   Med: 6.64   Max: 16.32
Current: 6.38

During the past 13 years, the highest Debt-to-EBITDA Ratio of Corporate Office Properties Trust was 16.32. The lowest was 4.56. And the median was 6.64.

OFCPRLCL.PFD's Debt-to-EBITDA is ranked better than
58.57% of 572 companies
in the REITs industry
Industry Median: 7.36 vs OFCPRLCL.PFD: 6.38

Corporate Office Properties Trust Debt-to-EBITDA Historical Data

The historical data trend for Corporate Office Properties Trust'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.

Corporate Office Properties Trust Debt-to-EBITDA Chart

Corporate Office Properties Trust 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 4.56 6.86 7.82 6.42 16.32

Corporate Office Properties Trust 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 -3.71 6.52 6.55 6.33 6.26

Competitive Comparison of Corporate Office Properties Trust's Debt-to-EBITDA

For the REIT - Office subindustry, Corporate Office Properties Trust'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.


Corporate Office Properties Trust's Debt-to-EBITDA Distribution in the REITs Industry

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

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



Corporate Office Properties Trust Debt-to-EBITDA Calculation

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

Corporate Office Properties Trust'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
=(75 + 2375.218) / 150.098
=16.32

Corporate Office Properties Trust'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
=(75 + 2349.454) / 387.296
=6.26

* 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.


Corporate Office Properties Trust  (NYSE:OFCPRLCL.PFD) 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.


Corporate Office Properties Trust Debt-to-EBITDA Related Terms

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


Corporate Office Properties Trust Business Description

Traded in Other Exchanges
Address
6711 Columbia Gateway Drive, Suite 300, Columbia, MD, USA, 21046
COPT Defense Properties is a real estate investment trust that acquires, manages, and leases office and data center properties throughout the U.S. The majority of the company's real estate portfolio is composed of office buildings in the Baltimore-Washington Corridor and Northern Virginia area. COPT derives nearly all of its income in the form of rental revenue from tenants. Most of the company's revenue comes from the leasing of properties to U.S. Government agencies and its contractors in the national security, defense, and IT sectors, such as Northrop Grumman and Boeing. Regional offices in urban submarkets make also make up a sizable percentage of COPT's total square footage.