Kadestone Capital (TSXV:KDSX) Debt-to-EBITDA : -9.56 (As of Sep. 2023)

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What is Kadestone Capital Debt-to-EBITDA?

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

Kadestone Capital's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$10.71 Mil. Kadestone Capital's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$5.16 Mil. Kadestone Capital's annualized EBITDA for the quarter that ended in Sep. 2023 was C$-1.66 Mil. Kadestone Capital's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 was -9.56.

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 Kadestone Capital's Debt-to-EBITDA or its related term are showing as below:

TSXV:KDSX' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -6.17 Med: -3.78 Max: -1.97
Current: -6.17

During the past 4 years, the highest Debt-to-EBITDA Ratio of Kadestone Capital was -1.97. The lowest was -6.17. And the median was -3.78.

TSXV:KDSX's Debt-to-EBITDA is ranked worse than
100% of 1263 companies
in the Real Estate industry
Industry Median: 5.66 vs TSXV:KDSX: -6.17

Kadestone Capital Debt-to-EBITDA Historical Data

The historical data trend for Kadestone Capital'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.

Kadestone Capital Debt-to-EBITDA Chart

Kadestone Capital Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Debt-to-EBITDA

N/A

-1.97

-3.78

-4.44

Kadestone Capital Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-EBITDA	Get a 7-Day Free Trial												-5.39	-3.81	-7.67	-6.05	-9.56

Competitive Comparison of Kadestone Capital's Debt-to-EBITDA

For the Real Estate - Development subindustry, Kadestone Capital'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.

Kadestone Capital's Debt-to-EBITDA Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Kadestone Capital's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Kadestone Capital's Debt-to-EBITDA falls into.

Kadestone Capital Debt-to-EBITDA Calculation

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

Kadestone Capital's Debt-to-EBITDA for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0	+	15.422)	/	-3.472
	=	-4.44

Kadestone Capital's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(10.708	+	5.164)	/	-1.66
	=	-9.56

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 (Sep. 2023) EBITDA data.

Kadestone Capital (TSXV:KDSX) 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.

Kadestone Capital Debt-to-EBITDA Related Terms

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

Kadestone Capital (TSXV:KDSX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Kadestone Capital Corp (TSXV:KDSX) » Definitions » Debt-to-EBITDA

Traded in Other Exchanges

KDCCF:USA

Address

595 Burrard Street, Suite 2600, Three Bentall Centre, P.O. Box 49314,, Vancouver, BC, CAN, V7X 1L3

Website

https://www.kadestone.com

Kadestone Capital Corp is engaged in the acquisition, development, and management of residential and commercial rental units, and the development and construction of residential housing units for sale. Property revenues include rental revenue from income-producing properties. In addition, it is also engaged in the procurement and sale of building materials within urban centers and high-growth, emerging markets in Canada. It recognizes revenue from the sale of building materials in Canada and the United States.

Kadestone Capital (TSXV:KDSX) Headlines

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