Host Hotels & Resorts(US:HST)2024-02-22 14:25Financial Covenants - The company's credit facility has financial covenants including leverage ratio (maximum 725x), unsecured interest coverage ratio (minimum 175x), and fixed charge coverage ratio (minimum 125x) [80, 179] - The company's senior notes indentures contain financial covenants including indebtedness test, secured indebtedness to total assets, EBITDA-to-interest coverage and unencumbered assets to unsecured indebtedness [82] - As of December 31, 2023, the GAAP leverage ratio was 56x, while the covenant ratio was 19x [4] - As of December 31, 2023, the GAAP unsecured interest coverage ratio was 39x, while the covenant ratio was 88x [7] - As of December 31, 2023, the GAAP fixed charge coverage ratio was 39x, while the credit facility fixed charge coverage ratio was 67x [11] - As of December 31, 2023, the GAAP total indebtedness to total assets was 34%, while the total indebtedness to total assets per senior notes indenture was 20% [14] - As of December 31, 2023, the GAAP secured indebtedness to total assets was less than 1%, and the secured indebtedness to total assets per senior notes indenture was also less than 1% [16] - As of December 31, 2023, the GAAP interest coverage ratio was 39x, while the EBITDA to interest coverage ratio per senior notes indenture was 86x [18] - As of December 31, 2023, the GAAP total assets / total debt was 291%, while the unencumbered assets / unsecured debt per senior notes indenture was 496% [22] Comparable Hotel Results (Year Ended December 31, 2023) - Comparable hotel revenues were $51691 million [152] - Comparable hotel EBITDA was $15570 million [152]