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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 Air Water's Debt-to-EBITDA or its related term are showing as below:
AWTRF'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.38 Med: 3.26 Max: 4.3
Current: 4.3
During the past 13 years, the highest Debt-to-EBITDA Ratio of Air Water was 4.30. The lowest was 2.38. And the median was 3.26.
AWTRF's Debt-to-EBITDA is ranked worse than 70.93% of 1235
companies
in the Chemicals industry
Industry Median: 2.15
vs AWTRF: 4.30
Air Water (OTCPK:AWTRF) 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.
Air Water Debt-to-EBITDA Related Terms
Air Water Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Air Water'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 Specialty Chemicals subindustry, Air Water'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.
Air Water Debt-to-EBITDA vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Air Water's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Air Water'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 four times the quarterly (Sep. 2025) EBITDA data.
Air Water (AWTRF) has a Debt-to-EBITDA of -13.63 as of Sep. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Air Water. Over the past decade, Air Water's Debt-to-EBITDA has ranged from 2.38 to 4.30. According to the industry distribution chart, Air Water ranks #876 out of 1235 companies in the Chemicals industry, placing it in the top 70.9%.
Is Air Water's Debt-to-EBITDA too high?
Air Water's current Debt-to-EBITDA is -13.63. Over the past 10 years, this metric has ranged from a low of 2.38 to a high of 4.30. Based on the distribution chart, Air Water ranks #876 out of 1235 companies in the Chemicals industry, which is below the industry midpoint. Overall, Air Water has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Air Water's Debt-to-EBITDA compare to LIN and SHW?
According to the Chemicals industry distribution chart, Air Water ranks #876 out of 1235 companies for Debt-to-EBITDA. This places Air Water in the lower half of its industry. The industry median Debt-to-EBITDA is 2.15. Historically, Air Water's own Debt-to-EBITDA has ranged from 2.38 to 4.30 over the past decade. 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 2.15, based on 1,235 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 Air Water. For the Chemicals industry, the median Debt-to-EBITDA is 2.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air Water's current Debt-to-EBITDA is -13.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air Water stock overvalued right now?
Based on GuruFocus' analysis, Air Water (AWTRF) is currently considered Modestly Overvalued. The stock's GF Value™ is $12.21, compared to a current price of $13.91 — trading 13.9% above its estimated fair value. The current Debt-to-EBITDA is -13.63. Air Water's overall GF Score™ is 76/100 with 14 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 Air Water (AWTRF), the current Debt-to-EBITDA is -13.63 as of Sep. 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 Air Water (AWTRF) Overvalued in 2026?
Based on GuruFocus' analysis, Air Water stock appears to be overvalued.
The current stock price of $13.91 is trading 13.9% above its estimated GF Value™ of $12.21.
GuruFocus considers Air Water to be Modestly Overvalued.
Key valuation signals for AWTRF:
Debt-to-EBITDA: -13.63
GF Value™: $12.21 vs. price of $13.91 (13.9% above fair value)
No single metric tells the full story. See the AWTRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Air Water Inc is a diversified conglomerate engaged in the supply of industrial gases and various other businesses and services. The company operates through five segments. The Agri & Foods segment covers the processing and distribution of fruits and vegetables, frozen foods, meat products, and contract manufacturing of beverages. The Digital & Industry segment focuses on industrial gases, electrical, and functional materials. The Energy Solutions segment deals with LP gas, kerosene, and related equipment. The Health & Safety segment provides medical gases, dental and protective materials, hospital equipment, and home medical care services. The Other Businesses segment includes logistics, salt production, overseas industrial gas operations, biomass power, and high-output UPS solutions.
76GF Score
Get the complete analysis for AWTRF
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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