Debt-to-EBITDA measures a company's ability to pay off its debt.
Seritage Growth Properties's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $0.0 Mil. Seritage Growth Properties's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $1,460.2 Mil. Seritage Growth Properties's annualized EBITDA for the quarter that ended in Jun. 2022 was $-434.0 Mil.
Seritage Growth Properties's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2022 was -3.36.
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 Seritage Growth Properties's Debt-to-EBITDA or its related term are showing as below:
SRG'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 6.36 Med: 10.01 Max: 355.11
Current: 355.11
During the past 7 years, the highest Debt-to-EBITDA Ratio of Seritage Growth Properties was 355.11. The lowest was 6.36. And the median was 10.01.
SRG's Debt-to-EBITDA is ranked worse than 93.87% of 685
companies
in the REITs industry
Industry Median: 6.39
vs SRG: 355.11
Seritage Growth Properties Debt-to-EBITDA Historical Data
The historical data trend for Seritage Growth Properties'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.
Seritage Growth Properties Annual Data
Trend
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Debt-to-EBITDA
6.36
7.91
14.71
46.80
12.11
Seritage Growth Properties Quarterly Data
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Debt-to-EBITDA
-7.70
29.74
2.78
-11.28
-3.37
Competitive Comparison
For the REIT - Retail subindustry, Seritage Growth Properties'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.
Seritage Growth Properties Debt-to-EBITDA Distribution
For the REITs industry and Real Estate sector, Seritage Growth Properties's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Seritage Growth Properties's Debt-to-EBITDA falls into.
* 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 four times the quarterly (Jun. 2022) EBITDA data.
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.
Seritage Growth Properties Debt-to-EBITDA Related Terms
Thank you for viewing the detailed overview of Seritage Growth Properties's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.
Seritage Growth Properties is a United States-based fully-integrated, self-administered and self-managed real estate investment trust engaged in the real property business through its investment in its operating partnership, Seritage Growth Properties, L.P. Seritage is principally engaged in the acquisition, ownership, development, redevelopment, management and leasing of diversified retail real estate throughout the United States. The company's primary objective is to create value for its shareholders through the re-leasing and redevelopment of the majority of its Wholly Owned Properties and JV Properties. It generates a majority of its revenue from tenants.
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