CT Real Estate Investment Trust (CT Real Estate Investment Trust) Debt-to-EBITDA

: 5.62 (As of Dec. 2023)

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

CT Real Estate Investment Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.1 Mil. CT Real Estate Investment Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,139.8 Mil. CT Real Estate Investment Trust's annualized EBITDA for the quarter that ended in Dec. 2023 was $202.8 Mil. CT Real Estate Investment Trust's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 5.62.

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 CT Real Estate Investment Trust's Debt-to-EBITDA or its related term are showing as below:

CTRRF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.34 Med: 2.7 Max: 4.45
Current: 4.45

During the past 11 years, the highest Debt-to-EBITDA Ratio of CT Real Estate Investment Trust was 4.45. The lowest was 0.34. And the median was 2.70.

CTRRF's Debt-to-EBITDA is ranked better than
75.15% of 511 companies
in the REITs industry
Industry Median: 7.15 vs CTRRF: 4.45

CT Real Estate Investment Trust Debt-to-EBITDA Historical Data

The historical data trend for CT Real Estate Investment 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.

CT Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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2.84

4.35

2.31

3.31

4.45

CT Real Estate Investment Trust Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial															3.51	3.65	2.58	9.45	5.62

Competitive Comparison

For the REIT - Retail subindustry, CT Real Estate Investment 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.

CT Real Estate Investment Trust Debt-to-EBITDA Distribution

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

* The bar in red indicates where CT Real Estate Investment Trust's Debt-to-EBITDA falls into.

CT Real Estate Investment Trust Debt-to-EBITDA Calculation

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

CT Real Estate Investment Trust's Debt-to-EBITDA for the fiscal year 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
	=	(1.067	+	1139.768)	/	256.348
	=	4.45

CT Real Estate Investment 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
	=	(1.067	+	1139.768)	/	202.844
	=	5.62

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 (Dec. 2023) EBITDA data.

CT Real Estate Investment Trust (OTCPK:CTRRF) 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.

CT Real Estate Investment Trust Debt-to-EBITDA Related Terms

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

CT Real Estate Investment Trust (CT Real Estate Investment Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » CT Real Estate Investment Trust (OTCPK:CTRRF) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

CRT.UN:Canada

Address

2180 Yonge Street, P.O. Box 770, Station K, Toronto, ON, CAN, M4P 2V8

Website

https://www.ctreit.com

CT Real Estate Investment Trust is an unincorporated real estate investment trust that invests in retail properties across Canada. The most significant portion of properties are located in Ontario, followed by Quebec and Western Canada. The trust generates the vast majority of revenue from leasing its properties to Canadian Tire Corporation, which operates the Canadian Tire retail stores. The trust's portfolio primarily consists of properties anchored by a Canadian Tire retail store, in addition to retail properties not anchored by Canadian Tire, distribution centres, and mixed-use commercial property.

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