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Automotive Properties Real Estate Investment Trust (TSX:APR.UN) Debt-to-EBITDA : -14.98 (As of Dec. 2023)


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What is Automotive Properties Real Estate Investment Trust Debt-to-EBITDA?

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

Automotive Properties Real Estate Investment Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Automotive Properties Real Estate Investment Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$535.08 Mil. Automotive Properties Real Estate Investment Trust's annualized EBITDA for the quarter that ended in Dec. 2023 was C$-35.72 Mil. Automotive Properties Real Estate Investment Trust's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -14.98.

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

TSX:APR.UN' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 4.16   Med: 8.4   Max: 133.41
Current: 7.09

During the past 9 years, the highest Debt-to-EBITDA Ratio of Automotive Properties Real Estate Investment Trust was 133.41. The lowest was 4.16. And the median was 8.40.

TSX:APR.UN's Debt-to-EBITDA is ranked better than
51.27% of 511 companies
in the REITs industry
Industry Median: 7.15 vs TSX:APR.UN: 7.09

Automotive Properties Real Estate Investment Trust Debt-to-EBITDA Historical Data

The historical data trend for Automotive Properties 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.

Automotive Properties Real Estate Investment Trust Debt-to-EBITDA Chart

Automotive Properties Real Estate Investment Trust Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only 32.56 9.44 4.16 4.29 7.09

Automotive Properties 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 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 5.94 5.82 5.05 3.89 -14.98

Competitive Comparison of Automotive Properties Real Estate Investment Trust's Debt-to-EBITDA

For the REIT - Specialty subindustry, Automotive Properties 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.


Automotive Properties Real Estate Investment Trust's Debt-to-EBITDA Distribution in the REITs Industry

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

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



Automotive Properties Real Estate Investment Trust Debt-to-EBITDA Calculation

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

Automotive Properties 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
=(0 + 535.075) / 75.467
=7.09

Automotive Properties 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
=(0 + 535.075) / -35.716
=-14.98

* 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 (Dec. 2023) EBITDA data.


Automotive Properties Real Estate Investment Trust  (TSX:APR.UN) 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.


Automotive Properties Real Estate Investment Trust Debt-to-EBITDA Related Terms

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


Automotive Properties Real Estate Investment Trust (TSX:APR.UN) Business Description

Traded in Other Exchanges
Address
133 King Street East, Suite 300, Toronto, ON, CAN, M5C 1G6
Automotive Properties Real Estate Investment Trust is an unincorporated open-ended real estate investment trust focused on investing in high-quality Canadian automotive properties tenanted by automotive dealership groups and automotive brands ranging from mass-market to ultra-luxury. The company holds a portfolio of best-in-class properties located in strategic Canadian urban markets across Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, and Quebec. The primary objectives of the REIT are to provide Unitholders with stable, sustainable and growing cash distributions, and to enhance and expand the REIT's asset portfolio in order to maximize Unitholder value.

Automotive Properties Real Estate Investment Trust (TSX:APR.UN) Headlines

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