Minerva Knitwear (ATH:MIN) Debt-to-EBITDA : 4.99 (As of Dec. 2025) — 43% Below Median

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ATH:MIN Minerva Knitwear SA ATH:MIN
39 GF Score
Price €0.69
GF Value €0.58
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Minerva Knitwear Debt-to-EBITDA?

Minerva Knitwear ATH:MIN +0.74% 39 Debt-to-EBITDA is 4.99 as of Dec. 2025, which is 43% below its 10-year median of 8.81. GuruFocus rates ATH:MIN with a GF Score™ of 39/100 and a GF Value™ of €0.58 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 812 Manufacturing - Apparel & Accessories companies, Minerva Knitwear ranks worse than 80.54% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

Minerva Knitwear's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was €4.30 Mil. Minerva Knitwear's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was €13.16 Mil. Minerva Knitwear's annualized EBITDA for the quarter that ended in Dec. 2025 was €3.50 Mil. Minerva Knitwear's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 was 4.99.

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 Minerva Knitwear's Debt-to-EBITDA or its related term are showing as below:

ATH:MIN' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 6.03   Med: 8.81   Max: 25.16
Current: 6.63

During the past 10 years, the highest Debt-to-EBITDA Ratio of Minerva Knitwear was 25.16. The lowest was 6.03. And the median was 8.81.

ATH:MIN's Debt-to-EBITDA is ranked worse than
80.54% of 812 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.73 vs ATH:MIN: 6.63

Minerva Knitwear  (ATH:MIN) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

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.


Minerva Knitwear Debt-to-EBITDA Related Terms


Minerva Knitwear Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Minerva Knitwear'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.

Minerva Knitwear Debt-to-EBITDA Chart

Minerva Knitwear Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.03 6.83 7.21 7.28 6.63

Minerva Knitwear Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.93 11.52 5.31 10.36 4.99

ATH:MIN vs AIN: Debt-to-EBITDA Comparison

For the Textile Manufacturing subindustry, Minerva Knitwear'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.


Minerva Knitwear Debt-to-EBITDA vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Minerva Knitwear's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Minerva Knitwear's Debt-to-EBITDA falls into.


ATH:MIN
39GF Score
Minerva Knitwear SA ATH:MIN
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Minerva Knitwear Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Minerva Knitwear's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(4.297 + 13.161) / 2.635
=6.63

Minerva Knitwear's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(4.297 + 13.161) / 3.498
=4.99

* 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.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 4.99 mean?
Minerva Knitwear (ATH:MIN) has a Debt-to-EBITDA of 4.99 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 Minerva Knitwear. This is 43% below median its historical median of 8.81. Over the past decade, Minerva Knitwear's Debt-to-EBITDA has ranged from 6.03 to 25.16. According to the industry distribution chart, Minerva Knitwear ranks #654 out of 812 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 80.5%.
Is Minerva Knitwear's Debt-to-EBITDA too high?
Minerva Knitwear's current Debt-to-EBITDA of 4.99 is 43% below median its 10-year median of 8.81. Over the past 10 years, this metric has ranged from a low of 6.03 to a high of 25.16. The Manufacturing - Apparel & Accessories industry median Debt-to-EBITDA is 2.73. Minerva Knitwear's value of 4.99 is 82.8% above this industry median. Based on the distribution chart, Minerva Knitwear ranks #654 out of 812 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Minerva Knitwear has a GF Score™ of 39/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Minerva Knitwear's Debt-to-EBITDA compare to AIN?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Minerva Knitwear ranks #654 out of 812 companies for Debt-to-EBITDA. This places Minerva Knitwear in the lower half of its industry. The industry median Debt-to-EBITDA is 2.73. Minerva Knitwear's value of 4.99 is 82.8% above this benchmark. Historically, Minerva Knitwear's own Debt-to-EBITDA has ranged from 6.03 to 25.16 over the past decade. While the company's 10-year median is 8.81 vs. the industry median of 2.73, Minerva Knitwear 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 Manufacturing - Apparel & Accessories company?
The median Debt-to-EBITDA among Manufacturing - Apparel & Accessories companies is 2.73, based on 812 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. Minerva Knitwear's current Debt-to-EBITDA of 4.99 is 82.8% 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 Minerva Knitwear. For the Manufacturing - Apparel & Accessories industry, the median Debt-to-EBITDA is 2.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Minerva Knitwear's current Debt-to-EBITDA is 4.99, which is 43% below median its own 10-year median of 8.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Minerva Knitwear stock overvalued right now?
Based on GuruFocus' analysis, Minerva Knitwear (ATH:MIN) is currently considered Modestly Overvalued. The stock's GF Value™ is €0.58, compared to a current price of €0.69 — trading 18.1% above its estimated fair value. The current Debt-to-EBITDA is 4.99, which is 43% below median its 10-year median of 8.81 and 82.8% above the Manufacturing - Apparel & Accessories industry median of 2.73. Minerva Knitwear's overall GF Score™ is 39/100 with 7 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 Minerva Knitwear (ATH:MIN), the current Debt-to-EBITDA is 4.99 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 Minerva Knitwear (ATH:MIN) Overvalued in 2026?

Based on GuruFocus' analysis, Minerva Knitwear stock appears to be overvalued. The current stock price of €0.69 is trading 18.1% above its estimated GF Value™ of €0.58. GuruFocus considers Minerva Knitwear to be Modestly Overvalued.

Key valuation signals for ATH:MIN:

  • Debt-to-EBITDA: 4.99 (43% below median its 10-year median of 8.81)
  • GF Value™: €0.58 vs. price of €0.69 (18.1% above fair value)
  • GF Score™: 39/100 with 7 warning signs
  • Industry Position: 82.8% above the Manufacturing - Apparel & Accessories median (#654 of 812)

No single metric tells the full story. See the ATH:MIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Minerva Knitwear Business Description

Address 6th klm Thessaloniki - Oraiokastro, Thessaloniki, GRC, 564 29
Minerva Knitwear SA is engaged in manufacturing, processing and trading of woollen and cotton products, and other textile raw materials. The company's products include men's, women's and children's underwear, men's, women's and children's sleep body-suits-pyjamas, Home-wear clothes for the winter and beachwear for the summer, blouses, T-Shirts, and women's Lingerie.
39GF Score

Get the complete analysis for ATH:MIN

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€0.69
Price
€0.58
GF Value