Granite Real Estate Investment Trust (Granite Real Estate Investment Trust) Debt-to-Revenue : 5.97 (As of Dec. 2023)

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What is Granite Real Estate Investment Trust Debt-to-Revenue?

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

Granite Real Estate Investment Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $182.5 Mil. Granite Real Estate Investment Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2,127.5 Mil. Granite Real Estate Investment Trust's annualized Revenue for the quarter that ended in Dec. 2023 was $387.1 Mil. Granite Real Estate Investment Trust's annualized Debt-to-Revenue for the quarter that ended in Dec. 2023 was 5.97.

Granite Real Estate Investment Trust Debt-to-Revenue Historical Data

The historical data trend for Granite Real Estate Investment Trust's Debt-to-Revenue 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.

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Granite Real Estate Investment Trust Debt-to-Revenue Chart

Granite Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Revenue

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4.46

6.50

6.25

6.74

5.95

Granite 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-Revenue	Get a 7-Day Free Trial															6.11	5.93	5.93	5.93	5.97

Competitive Comparison of Granite Real Estate Investment Trust's Debt-to-Revenue

For the REIT - Industrial subindustry, Granite Real Estate Investment Trust's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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.

Granite Real Estate Investment Trust's Debt-to-Revenue Distribution in the REITs Industry

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

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

Granite Real Estate Investment Trust Debt-to-Revenue Calculation

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

Granite Real Estate Investment Trust's Debt-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(182.542	+	2127.508)	/	388.529
	=	5.95

Granite Real Estate Investment Trust's annualized Debt-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(182.542	+	2127.508)	/	387.14
	=	5.97

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Dec. 2023) Revenue data.

Granite Real Estate Investment Trust Debt-to-Revenue Related Terms

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

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Granite Real Estate Investment Trust (NYSE:GRP.U) » Definitions » Debt-to-Revenue

Comparable Companies

Traded in Other Exchanges

4I7:Germany GRT.UN:Canada

Address

77 King Street West, Suite 4010, P.O. Box 159, Toronto-Dominion Centre, Toronto, ON, CAN, M5K 1H1

Website

https://www.granitereit.com

Granite Real Estate Investment Trust, or Granite, is a real estate investment trust engaged in the acquisition, development, ownership and management of of logistics, warehouse and industrial properties in North America and Europe. Granite's portfolio comprises various manufacturing, corporate office, warehouse and logistics, and product engineering facilities. The vast majority of the company's assets are logistics and distribution warehouses and multipurpose buildings split fairly evenly amongst Canadian, Austrian, and U.S. locations. Granite derives nearly all of its revenue in the form of rental income from its properties. The company's tenant is Magna International, an automotive parts and systems manufacturer, which accounts for the majority of Granite's lease income.