Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
CalixASX:CXL +7.58%63 Debt-to-EBITDA is -0.04 as of Dec. 2025. GuruFocus rates ASX:CXL with a GF Score™ of 63/100 and a GF Value™ of A$1.51 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 1,236 Chemicals companies, Calix ranks worse than 80906.07% 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 Calix's Debt-to-EBITDA or its related term are showing as below:
ASX:CXL'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -2.11 Med: -0.2 Max: -0.08
Current: -0.08
During the past 8 years, the highest Debt-to-EBITDA Ratio of Calix was -0.08. The lowest was -2.11. And the median was -0.20.
ASX:CXL's Debt-to-EBITDA is ranked worse than 100% of 1236
companies
in the Chemicals industry
Industry Median: 2.16
vs ASX:CXL: -0.08
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.
Calix Debt-to-EBITDA Related Terms
Calix Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Calix'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.
ASX:CXL vs LIN, SHW, ECL: Debt-to-EBITDA Comparison
For the Specialty Chemicals subindustry, Calix'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.
Calix Debt-to-EBITDA vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Calix's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Calix'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 two times the quarterly (Dec. 2025) EBITDA data.
Calix (ASX:CXL) has a Debt-to-EBITDA of -0.04 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 Calix. According to the industry distribution chart, Calix ranks #999999 out of 1236 companies in the Chemicals industry.
Is Calix's Debt-to-EBITDA too high?
Calix's current Debt-to-EBITDA is -0.04. Based on the distribution chart, Calix ranks #999999 out of 1236 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Calix has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Calix's Debt-to-EBITDA compare to LIN and SHW?
According to the Chemicals industry distribution chart, Calix ranks #999999 out of 1236 companies for Debt-to-EBITDA. This places Calix in the lower half of its industry. The industry median Debt-to-EBITDA is 2.16. 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 Chemicals company?
The median Debt-to-EBITDA among Chemicals companies is 2.16, based on 1,236 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 Calix. For the Chemicals industry, the median Debt-to-EBITDA is 2.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Calix's current Debt-to-EBITDA is -0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Calix stock overvalued right now?
Based on GuruFocus' analysis, Calix (ASX:CXL) is currently considered Possible Value Trap. The stock's GF Value™ is A$1.51, compared to a current price of A$0.36 — trading 76.5% below its estimated fair value. The current Debt-to-EBITDA is -0.04. Calix's overall GF Score™ is 63/100 with 8 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 Calix (ASX:CXL), the current Debt-to-EBITDA is -0.04 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.
Is Calix (ASX:CXL) Overvalued in 2026?
Based on GuruFocus' analysis, Calix stock appears to be undervalued.
The current stock price of A$0.36 is trading 76.5% below its estimated GF Value™ of A$1.51.
GuruFocus considers Calix to be Possible Value Trap.
Key valuation signals for ASX:CXL:
Debt-to-EBITDA: -0.04
GF Value™: A$1.51 vs. price of A$0.36 (76.5% below fair value)
No single metric tells the full story. See the ASX:CXL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Calix Ltd is an Australian technology company. The company's patented core platform technology delivers efficient indirect heating of minerals to enable the electrification of industries, efficient capture of unavoidable CO2 emissions, and green industrial processing solutions. Its core technology platform includes the Calix Flash Calciner (CFC). The group operates in three business segments, namely: Leilac (CO2 mitigation), Sustainable Processing, and Magnesia. It has operations in Australia, New Zealand, Asia, Europe, and the United States of America. The company generates the majority of its revenue from Magnesia.
63GF Score
Get the complete analysis for ASX:CXL
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:CXL has been successfully added to your 
