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Nickel IndustriesASX:NIC -7.19%59 Debt-to-EBITDA is 6.57 as of Dec. 2025, which is 273% above its 10-year median of 1.76. GuruFocus rates ASX:NIC with a GF Score™ of 59/100 and a GF Value™ of A$0.71 (Fairly Valued). The stock has 10 warning signs investors should review. Among 594 Metals & Mining companies, Nickel Industries ranks worse than 80.13% 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 Nickel Industries's Debt-to-EBITDA or its related term are showing as below:
ASX:NIC'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.05 Med: 1.76 Max: 16.82
Current: 4.86
During the past 8 years, the highest Debt-to-EBITDA Ratio of Nickel Industries was 16.82. The lowest was 0.05. And the median was 1.76.
ASX:NIC's Debt-to-EBITDA is ranked worse than 80.13% of 594
companies
in the Metals & Mining industry
Industry Median: 1.21
vs ASX:NIC: 4.86
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.
Nickel Industries Debt-to-EBITDA Related Terms
Nickel Industries Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Nickel Industries'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 Other Industrial Metals & Mining subindustry, Nickel Industries'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.
Nickel Industries Debt-to-EBITDA vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Nickel Industries's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Nickel Industries'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.
Nickel Industries (ASX:NIC) has a Debt-to-EBITDA of 6.57 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 Nickel Industries. This is 273% above median its historical median of 1.76. Over the past decade, Nickel Industries' Debt-to-EBITDA has ranged from 0.05 to 16.82. According to the industry distribution chart, Nickel Industries ranks #476 out of 594 companies in the Metals & Mining industry, placing it in the top 80.1%.
Is Nickel Industries' Debt-to-EBITDA too high?
Nickel Industries' current Debt-to-EBITDA of 6.57 is 273% above median its 10-year median of 1.76. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 16.82. The Metals & Mining industry median Debt-to-EBITDA is 1.21. Nickel Industries' value of 6.57 is 443% above this industry median. Based on the distribution chart, Nickel Industries ranks #476 out of 594 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Nickel Industries has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nickel Industries' Debt-to-EBITDA compare to competitors?
According to the Metals & Mining industry distribution chart, Nickel Industries ranks #476 out of 594 companies for Debt-to-EBITDA. This places Nickel Industries in the lower half of its industry. The industry median Debt-to-EBITDA is 1.21. Nickel Industries' value of 6.57 is 443% above this benchmark. Historically, Nickel Industries' own Debt-to-EBITDA has ranged from 0.05 to 16.82 over the past decade. While the company's 10-year median is 1.76 vs. the industry median of 1.21, Nickel Industries has consistently been above the industry average. 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 Metals & Mining company?
The median Debt-to-EBITDA among Metals & Mining companies is 1.21, based on 594 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. Nickel Industries's current Debt-to-EBITDA of 6.57 is 443% above the industry median. 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 Nickel Industries. For the Metals & Mining industry, the median Debt-to-EBITDA is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nickel Industries's current Debt-to-EBITDA is 6.57, which is 273% above median its own 10-year median of 1.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nickel Industries stock overvalued right now?
Based on GuruFocus' analysis, Nickel Industries (ASX:NIC) is currently considered Fairly Valued. The stock's GF Value™ is A$0.71, compared to a current price of A$0.78 — trading 9.2% above its estimated fair value. The current Debt-to-EBITDA is 6.57, which is 273% above median its 10-year median of 1.76 and 443% above the Metals & Mining industry median of 1.21. Nickel Industries' overall GF Score™ is 59/100 with 10 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 Nickel Industries (ASX:NIC), the current Debt-to-EBITDA is 6.57 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 Nickel Industries (ASX:NIC) Overvalued in 2026?
Based on GuruFocus' analysis, Nickel Industries stock appears to be overvalued.
The current stock price of A$0.78 is trading 9.2% above its estimated GF Value™ of A$0.71.
GuruFocus considers Nickel Industries to be Fairly Valued.
Key valuation signals for ASX:NIC:
Debt-to-EBITDA: 6.57 (273% above median its 10-year median of 1.76)
GF Value™: A$0.71 vs. price of A$0.78 (9.2% above fair value)
Industry Position: 443% above the Metals & Mining median (#476 of 594)
No single metric tells the full story. See the ASX:NIC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nickel Industries Ltd is engaged in acquiring, exploring, and developing nickel projects. The group has three segments: nickel ore mining in Indonesia, the RKEF projects in Indonesia and Singapore, and the HPAL projects in Indonesia. Its principal operations, located in Indonesia, are the Hengjaya Nickel, Oracle Nickel, and RKEF projects located within the Indonesia Morowali Industrial Park (IMIP), the Angel Nickel RKEF Project within the Indonesia Weda Bay Industrial Park (IWIP), and the Hengjaya Mine, a large tonnage, high grade nickel laterite deposit in proximity to the IMIP.
59GF Score
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