Derayah REIT Fund (SAU:4339) Debt-to-EBITDA : 6.41 (As of Jun. 2024)

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What is Derayah REIT Fund Debt-to-EBITDA?

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

Derayah REIT Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ﷼0.0 Mil. Derayah REIT Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ﷼608.0 Mil. Derayah REIT Fund's annualized EBITDA for the quarter that ended in Jun. 2024 was ﷼94.9 Mil. Derayah REIT Fund's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2024 was 6.41.

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 Derayah REIT Fund's Debt-to-EBITDA or its related term are showing as below:

SAU:4339' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 4.87 Med: 6.82 Max: 8
Current: 4.87

During the past 6 years, the highest Debt-to-EBITDA Ratio of Derayah REIT Fund was 8.00. The lowest was 4.87. And the median was 6.82.

SAU:4339's Debt-to-EBITDA is ranked better than
71.72% of 594 companies
in the REITs industry
Industry Median: 7.02 vs SAU:4339: 4.87

Derayah REIT Fund Debt-to-EBITDA Historical Data

The historical data trend for Derayah REIT Fund'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.

Derayah REIT Fund Debt-to-EBITDA Chart

Derayah REIT Fund Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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5.24

6.92

8.00

6.82

5.33

Derayah REIT Fund Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-EBITDA	Get a 7-Day Free Trial								6.88	6.75	10.17	3.93	6.41

Competitive Comparison of Derayah REIT Fund's Debt-to-EBITDA

For the REIT - Diversified subindustry, Derayah REIT Fund'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.

Derayah REIT Fund's Debt-to-EBITDA Distribution in the REITs Industry

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

* The bar in red indicates where Derayah REIT Fund's Debt-to-EBITDA falls into.

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Derayah REIT Fund Debt-to-EBITDA Calculation

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

Derayah REIT Fund'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	+	607.983)	/	114.161
	=	5.33

Derayah REIT Fund'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
	=	(0	+	607.983)	/	94.91
	=	6.41

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

Derayah REIT Fund (SAU:4339) 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.

Derayah REIT Fund Debt-to-EBITDA Related Terms

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

Derayah REIT Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Derayah REIT Fund (SAU:4339) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

Olaya Public Street, P.O Box 286546, Second Floor, Olaya Center, Riyadh, SAU, 11323

Website

https://www.derayah.com

Derayah REIT Fund operates as a real estate investment company in Saudi Arabia. Its aim is to generate income on the invested capital by acquiring a number of diverse, completed, and income-generating real estate assets in Saudi Arabia with the exception of Mecca and Medina. The company services include Real Estate, Unified Trading, Margin Financing, Asset Management, Equity, and Alternative investment funds.

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