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Irongate Group (ASX:IAP) Debt-to-EBITDA : 1.58 (As of Mar. 2022)


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What is Irongate Group Debt-to-EBITDA?

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

Irongate Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was A$0.1 Mil. Irongate Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was A$517.5 Mil. Irongate Group's annualized EBITDA for the quarter that ended in Mar. 2022 was A$328.7 Mil. Irongate Group's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2022 was 1.57.

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 Irongate Group's Debt-to-EBITDA or its related term are showing as below:

ASX:IAP's Debt-to-EBITDA is not ranked *
in the REITs industry.
Industry Median: 7.21
* Ranked among companies with meaningful Debt-to-EBITDA only.

Irongate Group Debt-to-EBITDA Historical Data

The historical data trend for Irongate Group'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.

Irongate Group Debt-to-EBITDA Chart

Irongate Group Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only 2.88 5.96 4.82 3.07 1.85

Irongate Group Semi-Annual Data
Sep13 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22
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 7.89 2.97 2.49 1.78 1.58

Competitive Comparison of Irongate Group's Debt-to-EBITDA

For the REIT - Diversified subindustry, Irongate Group'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.


Irongate Group's Debt-to-EBITDA Distribution in the REITs Industry

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

* The bar in red indicates where Irongate Group's Debt-to-EBITDA falls into.



Irongate Group Debt-to-EBITDA Calculation

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

Irongate Group's Debt-to-EBITDA for the fiscal year that ended in Mar. 2022 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0.133 + 517.541) / 279.965
=1.85

Irongate Group's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2022 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0.133 + 517.541) / 328.694
=1.57

* 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 (Mar. 2022) EBITDA data.


Irongate Group  (ASX:IAP) 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.


Irongate Group Debt-to-EBITDA Related Terms

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


Irongate Group (ASX:IAP) Business Description

Traded in Other Exchanges
N/A
Address
Level 13, 95 Pitt Street, Sydney, NSW, AUS, 2000
Irongate Group is a real estate investment trust. The trust invests in real estate assets. It invests in office, industrial and retail properties in major metropolitan cities or established commercial precincts in Australia and New Zealand. The objective of the fund is to deliver income and capital returns to unitholders over time, grow and diversify its asset base, and maintain a strong corporate governance framework. It derives revenue from rental income and recoverable outgoings.

Irongate Group (ASX:IAP) Headlines

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