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Baltic Sea Properties AS (OSL:BALT) Debt-to-EBITDA : 8.74 (As of Mar. 2024)


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What is Baltic Sea Properties AS Debt-to-EBITDA?

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

Baltic Sea Properties AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr33.43 Mil. Baltic Sea Properties AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr670.51 Mil. Baltic Sea Properties AS's annualized EBITDA for the quarter that ended in Mar. 2024 was kr80.53 Mil. Baltic Sea Properties AS's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 8.74.

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

OSL:BALT' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -42.01   Med: 8.6   Max: 20.98
Current: 9.07

During the past 10 years, the highest Debt-to-EBITDA Ratio of Baltic Sea Properties AS was 20.98. The lowest was -42.01. And the median was 8.60.

OSL:BALT's Debt-to-EBITDA is ranked worse than
64.59% of 1254 companies
in the Real Estate industry
Industry Median: 5.965 vs OSL:BALT: 9.07

Baltic Sea Properties AS Debt-to-EBITDA Historical Data

The historical data trend for Baltic Sea Properties AS'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.

Baltic Sea Properties AS Debt-to-EBITDA Chart

Baltic Sea Properties AS 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 -42.01 5.77 3.88 8.45 9.79

Baltic Sea Properties AS Quarterly Data
Jun18 Dec18 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 13.86 9.27 15.19 6.34 8.74

Competitive Comparison of Baltic Sea Properties AS's Debt-to-EBITDA

For the Real Estate Services subindustry, Baltic Sea Properties AS'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.


Baltic Sea Properties AS's Debt-to-EBITDA Distribution in the Real Estate Industry

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

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



Baltic Sea Properties AS Debt-to-EBITDA Calculation

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

Baltic Sea Properties AS'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
=(37.692 + 646.006) / 69.858
=9.79

Baltic Sea Properties AS's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(33.434 + 670.511) / 80.532
=8.74

* 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 (Mar. 2024) EBITDA data.


Baltic Sea Properties AS  (OSL:BALT) 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.


Baltic Sea Properties AS Debt-to-EBITDA Related Terms

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


Baltic Sea Properties AS (OSL:BALT) Business Description

Traded in Other Exchanges
N/A
Address
Apotekergata 10B, Oslo, NOR, 0180
Baltic Sea Properties AS is an Norwegian based open-ended and fully integrated investment company. which invests, develops, rents, and realizes commercial real estate properties and logistic centers. The Company's operations consist of acquisition, development and letting of investment properties in Lithuania as well as some related business. They are owners, developers and managers of commercial real estate in the Baltics.