Hankyu Hanshin REIT (TSE:8977) Debt-to-EBITDA : 11.94 (As of May. 2023)

Hankyu Hanshin REIT Debt-to-EBITDA Chart

Hankyu Hanshin REIT Annual Data
	Trend	Nov13	Nov14	Nov15	Nov16	Nov17	Nov18	Nov19	Nov20	Nov21	Nov22
Debt-to-EBITDA		Get a 7-Day Free Trial					10.86	10.51	10.62	11.21	11.33

Hankyu Hanshin REIT Semi-Annual Data
	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23
Debt-to-EBITDA	Get a 7-Day Free Trial															11.15	11.28	11.36	11.30	11.94

Competitive Comparison of Hankyu Hanshin REIT's Debt-to-EBITDA

For the REIT - Diversified subindustry, Hankyu Hanshin REIT'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.

Hankyu Hanshin REIT's Debt-to-EBITDA Distribution in the REITs Industry

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

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

Hankyu Hanshin REIT Debt-to-EBITDA Calculation

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

Hankyu Hanshin REIT's Debt-to-EBITDA for the fiscal year that ended in Nov. 2022 is calculated as

Hankyu Hanshin REIT's annualized Debt-to-EBITDA for the quarter that ended in May. 2023 is calculated as

* 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 two times the quarterly (May. 2023) EBITDA data.

Hankyu Hanshin REIT  (TSE:8977) 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.

Hankyu Hanshin REIT Debt-to-EBITDA Related Terms

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Hankyu Hanshin REIT (TSE:8977) Business Description