Blue Star Helium (ASX:BNL) Debt-to-EBITDA : -3.97 (As of Dec. 2025)

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What is Blue Star Helium Debt-to-EBITDA?

Blue Star Helium ASX:BNL -9.09% Debt-to-EBITDA is -3.97 as of Dec. 2025. The stock has 2 warning signs investors should review. Among 718 Oil & Gas companies, Blue Star Helium ranks worse than 139275.63% on this metric.

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

Blue Star Helium's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was A$1.18 Mil. Blue Star Helium's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was A$25.40 Mil. Blue Star Helium's annualized EBITDA for the quarter that ended in Dec. 2025 was A$-6.70 Mil. Blue Star Helium's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 was -3.97.

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 Blue Star Helium's Debt-to-EBITDA or its related term are showing as below:

ASX:BNL' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -19.43   Med: -7.44   Max: -1.03
Current: -4.97

During the past 13 years, the highest Debt-to-EBITDA Ratio of Blue Star Helium was -1.03. The lowest was -19.43. And the median was -7.44.

ASX:BNL's Debt-to-EBITDA is ranked worse than
100% of 718 companies
in the Oil & Gas industry
Industry Median: 1.93 vs ASX:BNL: -4.97

Blue Star Helium  (ASX:BNL) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

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.


Blue Star Helium Debt-to-EBITDA Related Terms


Blue Star Helium Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Blue Star Helium's Debt-to-EBITDA 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.

Blue Star Helium Debt-to-EBITDA Chart

Blue Star Helium Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 -1.03 -4.97

Blue Star Helium Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 -0.61 -2.60 -2.65 -3.97

ASX:BNL vs COP, EOG, FANG: Debt-to-EBITDA Comparison

For the Oil & Gas E&P subindustry, Blue Star Helium'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.


Blue Star Helium Debt-to-EBITDA vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Blue Star Helium's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Blue Star Helium's Debt-to-EBITDA falls into.



Blue Star Helium Debt-to-EBITDA Calculation

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

Blue Star Helium's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1.178 + 25.4) / -5.349
=-4.97

Blue Star Helium's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1.178 + 25.4) / -6.7
=-3.97

* 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 two times the quarterly (Dec. 2025) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of -3.97 mean?
Blue Star Helium (ASX:BNL) has a Debt-to-EBITDA of -3.97 as of Dec. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Blue Star Helium. According to the industry distribution chart, Blue Star Helium ranks #999999 out of 718 companies in the Oil & Gas industry.
Is Blue Star Helium's Debt-to-EBITDA too high?
Blue Star Helium's current Debt-to-EBITDA is -3.97. Based on the distribution chart, Blue Star Helium ranks #999999 out of 718 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers.
How does Blue Star Helium's Debt-to-EBITDA compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Blue Star Helium ranks #999999 out of 718 companies for Debt-to-EBITDA. This places Blue Star Helium in the lower half of its industry. The industry median Debt-to-EBITDA is 1.93. 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 an Oil & Gas company?
The median Debt-to-EBITDA among Oil & Gas companies is 1.93, based on 718 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. 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 Blue Star Helium. For the Oil & Gas industry, the median Debt-to-EBITDA is 1.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Blue Star Helium's current Debt-to-EBITDA is -3.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blue Star Helium stock overvalued right now?
Blue Star Helium (ASX:BNL) has a current Debt-to-EBITDA of -3.97. The current Debt-to-EBITDA is -3.97. 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 Blue Star Helium (ASX:BNL), the current Debt-to-EBITDA is -3.97 as of Dec. 2025. 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.

Blue Star Helium Business Description

Industry EnergyOil & Gas
Other Exchanges BSNLF:USAAO7:Germany
Address 194 Hay Street, Subiaco, Perth, WA, AUS, 6008
Blue Star Helium Ltd is an independent helium exploration and production company, headquartered in Australia, with operations and exploration in North America. Blue Star is focused on providing its shareholders with exposure to multiple high-value helium projects in North America. Its project portfolio comprises the Galactica-Pegasus Project, located in Las Animas County, Colorado, and the Voyager Project. The company is organised into one main operating segment, which involves helium (including oil and gas) exploration, development, and production in the USA.