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Choice Properties Real Estate Investment Trust (TSX:CHP.UN) Debt-to-EBITDA

: -5.53 (As of Dec. 2023)
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Debt-to-EBITDA measures a company's ability to pay off its debt.

Choice Properties Real Estate Investment Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$964 Mil. Choice Properties Real Estate Investment Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$5,731 Mil. Choice Properties Real Estate Investment Trust's annualized EBITDA for the quarter that ended in Dec. 2023 was C$-1,212 Mil. Choice Properties Real Estate Investment Trust's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was -5.53.

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

TSX:CHP.UN' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -187.88   Med: 6.04   Max: 26.65
Current: 4.92

During the past 11 years, the highest Debt-to-EBITDA Ratio of Choice Properties Real Estate Investment Trust was 26.65. The lowest was -187.88. And the median was 6.04.

TSX:CHP.UN's Debt-to-EBITDA is ranked better than
71.23% of 511 companies
in the REITs industry
Industry Median: 7.15 vs TSX:CHP.UN: 4.92

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

The historical data trend for Choice 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.

Choice Properties Real Estate Investment Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only -187.88 6.61 11.27 5.13 4.92

Choice 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 -3.70 4.08 2.46 2.91 -5.53

Competitive Comparison

For the REIT - Retail subindustry, Choice 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.


Choice Properties Real Estate Investment Trust Debt-to-EBITDA Distribution

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

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



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

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

Choice 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
=(964.496 + 5731.427) / 1360.511
=4.92

Choice 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
=(964.496 + 5731.427) / -1211.68
=-5.53

* 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.


Choice Properties Real Estate Investment Trust  (TSX:CHP.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.


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

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


Choice Properties Real Estate Investment Trust (TSX:CHP.UN) Business Description

Traded in Other Exchanges
Address
22 St. Clair Avenue East, Suite 700, Toronto, ON, CAN, M4T 2S5
Choice Properties Real Estate Investment Trust invests in commercial retail, industrial, mixed-use and residential properties across Canada. The company's portfolio primarily consists of shopping centers anchored by supermarkets and stand-alone supermarkets. The properties are mostly located in Ontario and Quebec, followed by Alberta, Nova Scotia, British Columbia, and New Brunswick. Choice Properties generate the majority of revenue from leasing properties to its tenants. The company's principal tenant, the large-format retailer Loblaw Companies, contributes the vast majority of the total rent.

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