NorthStar Realty Finance (NorthStar Realty Finance) Debt-to-EBITDA

: 20.85 (As of Sep. 2016)

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

NorthStar Realty Finance's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2016 was $191.18 Mil. NorthStar Realty Finance's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2016 was $7,627.67 Mil. NorthStar Realty Finance's annualized EBITDA for the quarter that ended in Sep. 2016 was $374.95 Mil. NorthStar Realty Finance's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2016 was 20.85.

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 NorthStar Realty Finance's Debt-to-EBITDA or its related term are showing as below:

NRFPRC.PFD' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0 Med: 0 Max: 13.34
Current: 13.34

During the past 13 years, the highest Debt-to-EBITDA Ratio of NorthStar Realty Finance was 13.34. The lowest was 0.00. And the median was 0.00.

NRFPRC.PFD's Debt-to-EBITDA is not ranked
in the REITs industry.
Industry Median: 7.14 vs NRFPRC.PFD: 13.34

NorthStar Realty Finance Debt-to-EBITDA Historical Data

The historical data trend for NorthStar Realty Finance'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.

NorthStar Realty Finance Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Debt-to-EBITDA

-29.29

-31.86

20.38

61.87

9.91

NorthStar Realty Finance Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
Debt-to-EBITDA																27.82	5.78	40.14	24.17	20.85

Competitive Comparison

For the REIT - Retail subindustry, NorthStar Realty Finance'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.

NorthStar Realty Finance Debt-to-EBITDA Distribution

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

* The bar in red indicates where NorthStar Realty Finance's Debt-to-EBITDA falls into.

NorthStar Realty Finance Debt-to-EBITDA Calculation

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

NorthStar Realty Finance's Debt-to-EBITDA for the fiscal year that ended in Dec. 2015 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(183.893	+	8155.275)	/	841.367
	=	9.91

NorthStar Realty Finance's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2016 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(191.175	+	7627.669)	/	374.952
	=	20.85

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. 2016) EBITDA data.

NorthStar Realty Finance (NYSE:NRFPRC.PFD) 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.

NorthStar Realty Finance Debt-to-EBITDA Related Terms

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

NorthStar Realty Finance (NorthStar Realty Finance) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » NorthStar Realty Finance Corp (NYSE:NRFPRC.PFD) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.nrfc.com

Northstar Realty Finance Corp is a Maryland corporation formed in October 2003. The Company is an internally managed REIT, and is a diversified commercial real estate investment and asset management company. NorthStar Realty Finance Limited Partnership holds all of the Company's assets and conducts its operation directly or indirectly. The Company invests in multiple asset classes across commercial real estate. These investments are in the form of acquiring real estate, originating or acquiring senior or subordinate loans, as well as CRE investments, both in the United States and internationally. The asset management business is focused on raising and managing capital on a fee basis from alternative sources, which includes non-traded real estate investment trusts, and sponsoring other companies through joint ventures and partnerships, such as RXR Realty, LLC, or RXR Realty. The Company's commercial real estate debt business is focused on originating, structuring, acquiring and managing senior and subordinate debt investments secured by commercial real estate, including first mortgage loans, subordinate interests, mezzanine loans, credit tenant loans and other loans, including preferred equity interests in borrowers who own such properties. The Company competes with many third parties engaged in real estate investment activities including publicly-traded REITs, non-traded REITs, insurance companies, commercial and investment banking firms, private equity funds. The Company is subject to supervision and regulation by state and federal governmental authorities and is subject to various laws and judicial and administrative decisions imposing various requirements and restrictions.