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BWP Trust (FRA:GJZ) Debt-to-EBITDA : 4.03 (As of Dec. 2023)


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What is BWP Trust Debt-to-EBITDA?

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

BWP Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.00 Mil. BWP Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €315.19 Mil. BWP Trust's annualized EBITDA for the quarter that ended in Dec. 2023 was €78.26 Mil. BWP Trust's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 4.03.

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 BWP Trust's Debt-to-EBITDA or its related term are showing as below:

FRA:GJZ' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -266.49   Med: 2.12   Max: 8.77
Current: -266.49

During the past 13 years, the highest Debt-to-EBITDA Ratio of BWP Trust was 8.77. The lowest was -266.49. And the median was 2.12.

FRA:GJZ's Debt-to-EBITDA is ranked worse than
100% of 511 companies
in the REITs industry
Industry Median: 7.18 vs FRA:GJZ: -266.49

BWP Trust Debt-to-EBITDA Historical Data

The historical data trend for BWP Trust'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.

BWP Trust Debt-to-EBITDA Chart

BWP Trust Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.18 2.23 1.71 0.91 8.77

BWP Trust Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 0.49 1.58 1.98 -3.57 4.03

Competitive Comparison of BWP Trust's Debt-to-EBITDA

For the REIT - Industrial subindustry, BWP Trust'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.


BWP Trust's Debt-to-EBITDA Distribution in the REITs Industry

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

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



BWP Trust Debt-to-EBITDA Calculation

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

BWP Trust's Debt-to-EBITDA for the fiscal year that ended in Jun. 2023 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0 + 290.202) / 33.087
=8.77

BWP Trust's annualized Debt-to-EBITDA for the quarter 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 + 315.193) / 78.26
=4.03

* 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 (Dec. 2023) EBITDA data.


BWP Trust  (FRA:GJZ) 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.


BWP Trust Debt-to-EBITDA Related Terms

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


BWP Trust (FRA:GJZ) Business Description

Traded in Other Exchanges
Address
123 St Georges Terrace, Level 14, Brookfield Place Tower 2, Perth, WA, AUS, 6000
BWP Trust is an Australian REIT focused on owing warehouse/bulky goods retailing properties with relatively large sites and high visibility and access to arterial roads. The portfolio of properties it owns are diversified across most Australian states and are on long-term leases to Australia's dominant home improvement chain: Bunnings Group. Bunnings is a wholly owned subsidiary of Wesfarmers. Wesfarmers is a wide-moat, top 10 ASX-listed company by market capitalisation. BWP Trust is also externally managed by a wholly owned subsidiary of Wesfarmers and Wesfarmers also owns 24% of the units in the trust.

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