Cofinimmo/NV (XBRU:COFB) Debt-to-EBITDA : 23.89 (As of Mar. 2024)

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What is Cofinimmo/NV Debt-to-EBITDA?

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

Cofinimmo/NV's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €881.4 Mil. Cofinimmo/NV's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €1,804.7 Mil. Cofinimmo/NV's annualized EBITDA for the quarter that ended in Mar. 2024 was €112.4 Mil. Cofinimmo/NV's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 23.89.

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 Cofinimmo/NV's Debt-to-EBITDA or its related term are showing as below:

XBRU:COFB' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -138.1 Med: 9.17 Max: 93.63
Current: 93.63

During the past 13 years, the highest Debt-to-EBITDA Ratio of Cofinimmo/NV was 93.63. The lowest was -138.10. And the median was 9.17.

XBRU:COFB's Debt-to-EBITDA is not ranked
in the REITs industry.
Industry Median: 7.23 vs XBRU:COFB: 93.63

Cofinimmo/NV Debt-to-EBITDA Historical Data

The historical data trend for Cofinimmo/NV'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.

Cofinimmo/NV Debt-to-EBITDA Chart

Cofinimmo/NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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7.44

16.13

8.62

3.18

52.05

Cofinimmo/NV Quarterly Data
	Jun19	Sep19	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															26.62	18.78	69.86	-7.92	23.89

Competitive Comparison of Cofinimmo/NV's Debt-to-EBITDA

For the REIT - Diversified subindustry, Cofinimmo/NV'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.

Cofinimmo/NV's Debt-to-EBITDA Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Cofinimmo/NV's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Cofinimmo/NV's Debt-to-EBITDA falls into.

Cofinimmo/NV Debt-to-EBITDA Calculation

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

Cofinimmo/NV'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
	=	(953.169	+	630.977)	/	30.437
	=	52.05

Cofinimmo/NV'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
	=	(881.438	+	1804.657)	/	112.424
	=	23.89

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.

Cofinimmo/NV (XBRU:COFB) 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.

Cofinimmo/NV Debt-to-EBITDA Related Terms

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

Cofinimmo/NV (XBRU:COFB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Cofinimmo SA/NV (XBRU:COFB) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

CFMOF:USA COFBb:UK 0J3X:UK COF:Germany COFB:Austria

Address

58 Boulevard de la Woluwedal, Brussels, BEL, 1200

Website

https://www.cofinimmo.com

Cofinimmo SA/NV is a Belgian real estate company primarily engaged in the ownership and management of the rental property in Western Europe. The vast majority of Cofinimmo's properties are split between office and healthcare purposes. The remainder is mainly restaurants, pubs, and insurance agencies. Most of Cofinimmo's assets are located in Belgium, while France is also home to a substantial share. The company's major tenants include healthcare firms, pubs and restaurants, banks, and insurance firms. Cofinimmo generates nearly all of its revenue through rental income. The company's healthcare and restaurant tenants typically sign long-term leases, while its office tenants generally elect for short-term agreements.

Cofinimmo/NV (XBRU:COFB) Headlines

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