Sunbelt Rentals HoldingsASHGY +1.17%48 Debt-to-EBITDA is 2.63 as of Apr. 2026, which is 30% above its 10-year median of 2.03. GuruFocus rates ASHGY with a GF Score™ of 48/100. The stock has 4 warning signs investors should review. Among 838 Business Services companies, Sunbelt Rentals Holdings ranks worse than 60.38% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
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 Sunbelt Rentals Holdings's Debt-to-EBITDA or its related term are showing as below:
ASHGY'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.6 Med: 2.03 Max: 2.41
Current: 2.29
During the past 13 years, the highest Debt-to-EBITDA Ratio of Sunbelt Rentals Holdings was 2.41. The lowest was 1.60. And the median was 2.03.
ASHGY's Debt-to-EBITDA is ranked worse than 60.38% of 838
companies
in the Business Services industry
Industry Median: 1.61
vs ASHGY: 2.29
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.
Sunbelt Rentals Holdings Debt-to-EBITDA Related Terms
Sunbelt Rentals Holdings Debt-to-EBITDA Historical Data
* 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.
For the Rental & Leasing Services subindustry, Sunbelt Rentals Holdings'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.
Sunbelt Rentals Holdings Debt-to-EBITDA vs Business Services Industry
For the Business Services industry and Industrials sector, Sunbelt Rentals Holdings's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Sunbelt Rentals Holdings's Debt-to-EBITDA falls into.
* 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.
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 (Apr. 2026) EBITDA data.
Sunbelt Rentals Holdings (ASHGY) has a Debt-to-EBITDA of 2.63 as of Apr. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Sunbelt Rentals Holdings. This is 30% above median its historical median of 2.03. Over the past decade, Sunbelt Rentals Holdings' Debt-to-EBITDA has ranged from 1.60 to 2.41. According to the industry distribution chart, Sunbelt Rentals Holdings ranks #506 out of 838 companies in the Business Services industry, placing it in the top 60.4%.
Is Sunbelt Rentals Holdings' Debt-to-EBITDA too high?
Sunbelt Rentals Holdings' current Debt-to-EBITDA of 2.63 is 30% above median its 10-year median of 2.03. Over the past 10 years, this metric has ranged from a low of 1.60 to a high of 2.41. The Business Services industry median Debt-to-EBITDA is 1.61. Sunbelt Rentals Holdings' value of 2.63 is 63.4% above this industry median. Based on the distribution chart, Sunbelt Rentals Holdings ranks #506 out of 838 companies in the Business Services industry, which is below the industry midpoint. Overall, Sunbelt Rentals Holdings has a GF Score™ of 48/100, reflecting its overall financial health beyond just this single metric.
How does Sunbelt Rentals Holdings' Debt-to-EBITDA compare to AER and UHAL?
According to the Business Services industry distribution chart, Sunbelt Rentals Holdings ranks #506 out of 838 companies for Debt-to-EBITDA. This places Sunbelt Rentals Holdings in the lower half of its industry. The industry median Debt-to-EBITDA is 1.61. Sunbelt Rentals Holdings' value of 2.63 is 63.4% above this benchmark. Historically, Sunbelt Rentals Holdings' own Debt-to-EBITDA has ranged from 1.60 to 2.41 over the past decade. While the company's 10-year median is 2.03 vs. the industry median of 1.61, Sunbelt Rentals Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Business Services company?
The median Debt-to-EBITDA among Business Services companies is 1.61, based on 838 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sunbelt Rentals Holdings's current Debt-to-EBITDA of 2.63 is 63.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Sunbelt Rentals Holdings. For the Business Services industry, the median Debt-to-EBITDA is 1.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sunbelt Rentals Holdings's current Debt-to-EBITDA is 2.63, which is 30% above median its own 10-year median of 2.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sunbelt Rentals Holdings stock overvalued right now?
Sunbelt Rentals Holdings (ASHGY) has a current Debt-to-EBITDA of 2.63. The current Debt-to-EBITDA is 2.63, which is 30% above median its 10-year median of 2.03 and 63.4% above the Business Services industry median of 1.61. Sunbelt Rentals Holdings' overall GF Score™ is 48/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Sunbelt Rentals Holdings (ASHGY), the current Debt-to-EBITDA is 2.63 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Sunbelt Rentals (formerly UK-based Ashtead Group) is the number two equipment rental company in the US (11% market share), with a smaller presence in Canada and the UK. Sunbelt operates a rental fleet of just over $15 billion across a network of 1,200 stores in the US, nearly CAD 2 billion of fleet and 135 stores in Canada, and GBP 1.1 billion and 190 stores in the UK. The company has experienced rapid growth over the past decade as its customers increasingly turn to rental versus owning equipment outright. The general tool business has been augmented by the Specialty Rental business, which has grown to 30% of the mix. Revenue is now greater than 50% nonconstruction, with the remainder focused more directly on commercial construction.
48GF Score
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