Is it safe?
Can LTC take a bad year?
LTC Properties, Inc. carries $846M of net debt at 3.35× EBITDA: a load its earnings can carry.
$846M
Net debt · as at Q1 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 3.35×
Net debt / EBITDA · 3.16× a year ago · the load is going up
- Interest cover
- 5.54×
Interest cover · operating profit covers the interest bill several times over
- Annualised volatility
- 20%
Annualised volatility · about as steady as the market itself
Details›
- Total debtQ1 2026
- $867M
- Cash and short-term investments
- $22M
- Net debt
- $846M
- EBITDA, trailing twelve months
- $252M
- Operating profit, trailing twelve months
- $212M
- Debt / equity
- 0.78×
- Total debt / EBITDA
- 3.44×
- Annualised volatilitytwo years of daily moves
- 20%
- Worst drawdown on file
- −51%
- Below its 52-week high
- −5.3%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.