KE Holdings (KE Holdings) Debt-to-EBITDA : 4.56 (As of Sep. 2023)

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What is KE Holdings Debt-to-EBITDA?

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

KE Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $1,180 Mil. KE Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $1,109 Mil. KE Holdings's annualized EBITDA for the quarter that ended in Sep. 2023 was $502 Mil. KE Holdings's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 was 4.56.

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 KE Holdings's Debt-to-EBITDA or its related term are showing as below:

BEKE' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -235.79 Med: 4.86 Max: 17.7
Current: 2.49

During the past 6 years, the highest Debt-to-EBITDA Ratio of KE Holdings was 17.70. The lowest was -235.79. And the median was 4.86.

BEKE's Debt-to-EBITDA is ranked better than
74.05% of 1268 companies
in the Real Estate industry
Industry Median: 5.52 vs BEKE: 2.49

KE Holdings Debt-to-EBITDA Historical Data

The historical data trend for KE Holdings'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.

KE Holdings Debt-to-EBITDA Chart

KE Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-EBITDA

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17.70

-235.79

1.39

2.98

6.74

KE Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-EBITDA	Get a 7-Day Free Trial															2.29	2.10	1.10	3.29	4.56

Competitive Comparison of KE Holdings's Debt-to-EBITDA

For the Real Estate Services subindustry, KE Holdings'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.

KE Holdings's Debt-to-EBITDA Distribution in the Real Estate Industry

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

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

KE Holdings Debt-to-EBITDA Calculation

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

KE Holdings's Debt-to-EBITDA for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(802.006	+	946.674)	/	259.549
	=	6.74

KE Holdings's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(1180.324	+	1108.796)	/	502.312
	=	4.56

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 (Sep. 2023) EBITDA data.

KE Holdings (NYSE:BEKE) 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.

KE Holdings Debt-to-EBITDA Related Terms

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

KE Holdings (KE Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » KE Holdings Inc (NYSE:BEKE) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

02423:Hong Kong KE8:Germany

Address

No. 2 Chuangye Road, Oriental Electronic Technology Building, Haidian District, Beijing, CHN, 100086

Website

https://investors.ke.com

KE Holdings, or Beike, is a large residential real estate sales and rental brokerage company in China. Founded in 2001, the company operates through self-owned Lianjia stores in Beijing and Shanghai and connected third-party agencies including franchise brand Deyou in other cities, with commissions charged on existing home and new home transactions. Leveraging an online-offline hybrid model, Beike also attract clients through its namesake online marketplace. The company tapped into home renovation services by acquiring Shengdu Home Decoration in 2022. As at the end of 2022, Beike's cofounders collectively control the company, while Tencent and its affiliates share 8% of voting power.