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HighComASX:HCL 49 Debt-to-EBITDA is -0.43 as of Dec. 2025. GuruFocus rates ASX:HCL with a GF Score™ of 49/100 and a GF Value™ of A$0.21 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 254 Aerospace & Defense companies, HighCom ranks worse than 393700.39% 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 HighCom's Debt-to-EBITDA or its related term are showing as below:
ASX:HCL'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.68 Med: 0.18 Max: 5.76
Current: -0.66
During the past 13 years, the highest Debt-to-EBITDA Ratio of HighCom was 5.76. The lowest was -0.68. And the median was 0.18.
ASX:HCL's Debt-to-EBITDA is ranked worse than 100% of 254
companies
in the Aerospace & Defense industry
Industry Median: 1.82
vs ASX:HCL: -0.66
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.
HighCom Debt-to-EBITDA Related Terms
HighCom Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for HighCom'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:HCL vs SPCX, GE, RTX: Debt-to-EBITDA Comparison
For the Aerospace & Defense subindustry, HighCom'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.
HighCom Debt-to-EBITDA vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, HighCom's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where HighCom'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.
HighCom (ASX:HCL) has a Debt-to-EBITDA of -0.43 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 HighCom. According to the industry distribution chart, HighCom ranks #999999 out of 254 companies in the Aerospace & Defense industry.
Is HighCom's Debt-to-EBITDA too high?
HighCom's current Debt-to-EBITDA is -0.43. Based on the distribution chart, HighCom ranks #999999 out of 254 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, HighCom has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does HighCom's Debt-to-EBITDA compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, HighCom ranks #999999 out of 254 companies for Debt-to-EBITDA. This places HighCom in the lower half of its industry. The industry median Debt-to-EBITDA is 1.82. 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 Aerospace & Defense company?
The median Debt-to-EBITDA among Aerospace & Defense companies is 1.82, based on 254 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 HighCom. For the Aerospace & Defense industry, the median Debt-to-EBITDA is 1.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HighCom's current Debt-to-EBITDA is -0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HighCom stock overvalued right now?
Based on GuruFocus' analysis, HighCom (ASX:HCL) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.21, compared to a current price of A$0.13 — trading 40.5% below its estimated fair value. The current Debt-to-EBITDA is -0.43. HighCom's overall GF Score™ is 49/100 with 2 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 HighCom (ASX:HCL), the current Debt-to-EBITDA is -0.43 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 HighCom (ASX:HCL) Overvalued in 2026?
Based on GuruFocus' analysis, HighCom stock appears to be undervalued.
The current stock price of A$0.13 is trading 40.5% below its estimated GF Value™ of A$0.21.
GuruFocus considers HighCom to be Possible Value Trap.
Key valuation signals for ASX:HCL:
Debt-to-EBITDA: -0.43
GF Value™: A$0.21 vs. price of A$0.13 (40.5% below fair value)
No single metric tells the full story. See the ASX:HCL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HighCom Ltd comprises of its two distinct businesses HighCom Armor & HighCom Technology. HighCom Armor designs, manufactures, and supplies military, law enforcement, and first responder customers with personal protection ballistic products and solutions for Body Armour, Ballistic Helmets, and Composite Armour Panels & Platform Structures. HighCom Technology supplies Australian Defence and Security Agencies with Small Uncrewed Arial Systems (SUAS) and Sensor Payloads, and provides local Program, Project and Engineering Management, Systems Integration, Maintenance, Composite Repairs, and Logistics Support Services.
49GF Score
Get the complete analysis for ASX:HCL
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