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Killam Apartment Real Estate Investment Trust (TSX:KMP.UN) Debt-to-EBITDA

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

Killam Apartment Real Estate Investment Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$440.0 Mil. Killam Apartment Real Estate Investment Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$1,746.9 Mil. Killam Apartment Real Estate Investment Trust's annualized EBITDA for the quarter that ended in Dec. 2023 was C$75.2 Mil. Killam Apartment Real Estate Investment Trust's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 29.06.

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

TSX:KMP.UN' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.99   Med: 7.77   Max: 12.79
Current: 5.98

During the past 13 years, the highest Debt-to-EBITDA Ratio of Killam Apartment Real Estate Investment Trust was 12.79. The lowest was 3.99. And the median was 7.77.

TSX:KMP.UN's Debt-to-EBITDA is ranked better than
59.1% of 511 companies
in the REITs industry
Industry Median: 7.15 vs TSX:KMP.UN: 5.98

Killam Apartment Real Estate Investment Trust Debt-to-EBITDA Historical Data

The historical data trend for Killam Apartment 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.

Killam Apartment 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 3.99 8.39 5.49 11.05 5.98

Killam Apartment 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 56.67 5.11 3.77 5.77 29.06

Competitive Comparison

For the REIT - Residential subindustry, Killam Apartment 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.


Killam Apartment Real Estate Investment Trust Debt-to-EBITDA Distribution

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

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



Killam Apartment Real Estate Investment Trust Debt-to-EBITDA Calculation

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

Killam Apartment 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
=(439.975 + 1746.909) / 365.629
=5.98

Killam Apartment 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
=(439.975 + 1746.909) / 75.244
=29.06

* 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.


Killam Apartment Real Estate Investment Trust  (TSX:KMP.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.


Killam Apartment Real Estate Investment Trust Debt-to-EBITDA Related Terms

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Killam Apartment Real Estate Investment Trust (TSX:KMP.UN) Business Description

Traded in Other Exchanges
Address
3700 Kempt Road, Suite 100, Halifax, NS, CAN, B3K 4X8
Killam Apartment Real Estate Investment Trust is an open-ended mutual fund trust. The company specializes in the acquisition, management, and development of multi-residential apartment buildings and manufactured home communities (MHCs) and commercial properties in Canada. It has three operating segments, Apartment segment, MHC segment, and Commercial segment. The apartment segment acquires, operates, manages and develops multi-family residential properties across Canada. The MHC segment acquires and operates MHC communities in Ontario and Eastern Canada, and the Commercial segment includes eight commercial properties.

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