How does the company's debt profile and leverage ratio look after the quarter, and are there any upcoming covenant considerations?
Answer
The Business Wire release you referenced does not contain the specific numbers that describe DigitalBridgeâs (DBRG) postâquarter debt profile, leverage ratio, or upcoming covenant dates. Those details are normally disclosed in the companyâs earnings release and accompanying slide deck, which the notice says is available on the âShareholdersâ section of DigitalBridgeâs website (the âQ2âŻ2025 Presentationâ).
What you can do to get the precise figures
| Source | What youâll find there |
|---|---|
| Q2âŻ2025 earnings presentation (PDF/slide deck) | ⢠Total debt outstanding (both secured and unsecured) at the end of Q2âŻ2025 ⢠Net debtâtoâEBITDA or net debtâtoâEBIT (the leverage ratio the company uses) ⢠Debt maturity schedule (when principal repayments are due) ⢠Any covenant compliance metrics (e.g., minimum EBITDAâcoverage ratios, leverageâratio caps) |
| Quarterâend 10âQ filing (SEC) | The same debt and covenant information in a more detailed, audited format, plus any management discussion of covenant compliance. |
| Earnings call transcript or replay | Management often comments on covenant compliance, upcoming refinancings, or whether any covenant waivers are required. |
Typical points to watch for in DigitalBridgeâs disclosures
Leverage Ratio â DigitalBridge historically reports net debt as a multiple of EBITDA (e.g., 5.0Ă net debt/EBITDA). Look for the âNet Debt/EBITDAâ line in the presentationâs âLiquidity & Capital Resourcesâ slide. A change versus the prior quarter can signal whether the company is increasing leverage (e.g., through new acquisitions) or paying down debt.
Debt Maturity Profile â Check the âDebt Maturity Scheduleâ slide. It will list how much debt is due in the next 12 months, 1â3 years, and beyond. This helps assess shortâterm refinancing risk.
Covenant Status â Companies usually include a âCovenant Complianceâ slide that shows key ratios (e.g., Debt/EBITDA, EBITDAâcoverage, FixedâCharge Coverage) and indicates whether they are in compliance, at risk, or requiring a waiver. If a covenant is approaching a breach, management will often disclose the expected timing of a waiver request or refinancing plan.
Upcoming Covenant Review Dates â The presentation may list the next âCovenant Reviewâ or âCompliance Testâ dates (often tied to the fiscal yearâend or specific loan agreements). If any covenant is due for review in the next quarter, the company will note whether it expects to remain in compliance based on projected cash flows.
How to interpret the information once you have it
- Leverage RatioâŻ>âŻTarget Range â If net debt/EBITDA is materially higher than the companyâs target band (often disclosed in the MD&A), it could indicate higher financial risk and might trigger tighter covenant monitoring.
- Maturity Concentration â A large tranche of debt maturing within the next 12â18âŻmonths could expose the firm to refinancing risk, especially if market conditions tighten.
- Covenant Breach or Waiver â Any mention of a covenant waiver request suggests the company anticipates a shortâterm breach but expects to remediate it (e.g., via asset sales, refinancing, or cash flow generation). Investors typically watch how quickly the waiver is granted and any associated fees.
Bottom line:
The brief Business Wire announcement does not provide the debtâprofile metrics youâre asking about. To obtain a comprehensive view of DigitalBridgeâs postâquarter leverage and covenant situation, youâll need to review the Q2âŻ2025 earnings presentation (linked in the release) and, if available, the accompanying 10âQ filing or earningsâcall transcript. Those documents will contain the exact debt balance, netâdebtâtoâEBITDA ratio, maturity schedule, and any covenant compliance statements or upcoming covenant dates.