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Reitir fasteignafelag hf (OISE:REITIR) Debt-to-EBITDA : 2.67 (As of Jun. 2024)


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What is Reitir fasteignafelag hf Debt-to-EBITDA?

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

Reitir fasteignafelag hf's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was kr5,976 Mil. Reitir fasteignafelag hf's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was kr118,533 Mil. Reitir fasteignafelag hf's annualized EBITDA for the quarter that ended in Jun. 2024 was kr46,708 Mil. Reitir fasteignafelag hf's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2024 was 2.67.

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 Reitir fasteignafelag hf's Debt-to-EBITDA or its related term are showing as below:

OISE:REITIR' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 4.24   Med: 8.3   Max: 45.65
Current: 4.24

During the past 12 years, the highest Debt-to-EBITDA Ratio of Reitir fasteignafelag hf was 45.65. The lowest was 4.24. And the median was 8.30.

OISE:REITIR's Debt-to-EBITDA is ranked better than
78.61% of 533 companies
in the REITs industry
Industry Median: 7.5 vs OISE:REITIR: 4.24

Reitir fasteignafelag hf Debt-to-EBITDA Historical Data

The historical data trend for Reitir fasteignafelag hf'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.

Reitir fasteignafelag hf Debt-to-EBITDA Chart

Reitir fasteignafelag hf 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 8.92 15.18 7.69 9.56 5.50

Reitir fasteignafelag hf 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 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 2.79 -156.28 2.38 5.05 2.67

Competitive Comparison of Reitir fasteignafelag hf's Debt-to-EBITDA

For the REIT - Diversified subindustry, Reitir fasteignafelag hf'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.


Reitir fasteignafelag hf's Debt-to-EBITDA Distribution in the REITs Industry

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

* The bar in red indicates where Reitir fasteignafelag hf's Debt-to-EBITDA falls into.



Reitir fasteignafelag hf Debt-to-EBITDA Calculation

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

Reitir fasteignafelag hf'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
=(10052 + 104367) / 20797
=5.50

Reitir fasteignafelag hf'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
=(5976 + 118533) / 46708
=2.67

* 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 (Jun. 2024) EBITDA data.


Reitir fasteignafelag hf  (OISE:REITIR) 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.


Reitir fasteignafelag hf Debt-to-EBITDA Related Terms

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


Reitir fasteignafelag hf Business Description

Traded in Other Exchanges
N/A
Address
Kringlunni 4-12, Reykjavik, ISL, 103
Reitir fasteignafelag hf is one of the largest company for renting a commercial property in Iceland. Its principal activities include ownership, leasing, and management of the commercial real estate. Its property portfolio is comprised of approximately 140 properties, consisting of commercial buildings, office buildings, hotel buildings and other commercial properties.

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