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.
Macro MetalsASX:M4M +16.67% Debt-to-EBITDA is -0.05 as of Dec. 2025. The stock has 2 warning signs investors should review. Among 494 Steel companies, Macro Metals ranks worse than 202428.95% 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 Macro Metals's Debt-to-EBITDA or its related term are showing as below:
ASX:M4M'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.05 Med: -0.03 Max: -0.03
Current: -0.05
During the past 13 years, the highest Debt-to-EBITDA Ratio of Macro Metals was -0.03. The lowest was -0.05. And the median was -0.03.
ASX:M4M's Debt-to-EBITDA is ranked worse than 100% of 494
companies
in the Steel industry
Industry Median: 2.855
vs ASX:M4M: -0.05
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.
Macro Metals Debt-to-EBITDA Related Terms
Macro Metals Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Macro Metals'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:M4M vs NUE, STLD, RS: Debt-to-EBITDA Comparison
For the Steel subindustry, Macro Metals'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.
Macro Metals Debt-to-EBITDA vs Steel Industry
For the Steel industry and Basic Materials sector, Macro Metals's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Macro Metals'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.
Macro Metals (ASX:M4M) has a Debt-to-EBITDA of -0.05 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 Macro Metals. According to the industry distribution chart, Macro Metals ranks #999999 out of 494 companies in the Steel industry.
Is Macro Metals' Debt-to-EBITDA too high?
Macro Metals' current Debt-to-EBITDA is -0.05. Based on the distribution chart, Macro Metals ranks #999999 out of 494 companies in the Steel industry, which is in the bottom quartile relative to peers.
How does Macro Metals' Debt-to-EBITDA compare to NUE and STLD?
According to the Steel industry distribution chart, Macro Metals ranks #999999 out of 494 companies for Debt-to-EBITDA. This places Macro Metals in the lower half of its industry. The industry median Debt-to-EBITDA is 2.86. 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 Steel company?
The median Debt-to-EBITDA among Steel companies is 2.86, based on 494 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 Macro Metals. For the Steel industry, the median Debt-to-EBITDA is 2.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Macro Metals's current Debt-to-EBITDA is -0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Macro Metals stock overvalued right now?
Macro Metals (ASX:M4M) has a current Debt-to-EBITDA of -0.05. The current Debt-to-EBITDA is -0.05. 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 Macro Metals (ASX:M4M), the current Debt-to-EBITDA is -0.05 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.
Macro Metals Ltd is a mineral exploration company. The principal activities of the company consist of exploration and evaluation of WA iron ore tenements, acquisition of additional prospective tenements in WA, proposed acquisition of Chilean lithium projects and continued evaluation of Agbaja Cast Steel Project. It operates in one industry segment, which is mineral exploration, evaluation, and development, and operates in two geographic segments: the Federal Republic of Nigeria and Australia.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:M4M has been successfully added to your 
