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First GrapheneASX:FGR Debt-to-EBITDA is -0.17 as of Dec. 2025. The stock has 4 warning signs investors should review. Among 1,234 Chemicals companies, First Graphene ranks worse than 81037.2% 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 First Graphene's Debt-to-EBITDA or its related term are showing as below:
ASX:FGR'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1.4 Med: -0.73 Max: -0.02
Current: -0.16
During the past 13 years, the highest Debt-to-EBITDA Ratio of First Graphene was -0.02. The lowest was -1.40. And the median was -0.73.
ASX:FGR's Debt-to-EBITDA is ranked worse than 100% of 1234
companies
in the Chemicals industry
Industry Median: 2.155
vs ASX:FGR: -0.16
First Graphene (ASX:FGR) Debt-to-EBITDA Explanation
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.
First Graphene Debt-to-EBITDA Related Terms
First Graphene Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for First Graphene'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.
For the Chemicals subindustry, First Graphene'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.
First Graphene Debt-to-EBITDA vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, First Graphene's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where First Graphene'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.
First Graphene (ASX:FGR) has a Debt-to-EBITDA of -0.17 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 First Graphene. According to the industry distribution chart, First Graphene ranks #999999 out of 1234 companies in the Chemicals industry.
Is First Graphene's Debt-to-EBITDA too high?
First Graphene's current Debt-to-EBITDA is -0.17. Based on the distribution chart, First Graphene ranks #999999 out of 1234 companies in the Chemicals industry, which is in the bottom quartile relative to peers.
How does First Graphene's Debt-to-EBITDA compare to DOW?
According to the Chemicals industry distribution chart, First Graphene ranks #999999 out of 1234 companies for Debt-to-EBITDA. This places First Graphene 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 1,234 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 First Graphene. 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. First Graphene's current Debt-to-EBITDA is -0.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Graphene stock overvalued right now?
Based on GuruFocus' analysis, First Graphene (ASX:FGR) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.04, compared to a current price of A$0.06 — trading 52.5% above its estimated fair value. The current Debt-to-EBITDA is -0.17. 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 First Graphene (ASX:FGR), the current Debt-to-EBITDA is -0.17 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.
First Graphene Ltd is an advanced materials company. It is the producer of graphene which is exfoliated from high-grade, crystalline Sri Lankan graphite. The company's graphene products are used in Fire retardant coatings, Concrete strengthening, Battery electrode materials, Conductive inks and sensors, Rubber and composite strengthening and Moisture barrier in thermoset composites. Its operating segments includes Graphene production; Research and development; Corporate services and Mining Asset Maintenance. The company generates maximum revenue from the Graphene production segment.
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