AXG (Solowin Holdings) Debt-to-EBITDA : (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

AXG Solowin Holdings Ltd AXG
47 GF Score
Price $1.87
GF Value $2.70
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Solowin Holdings Debt-to-EBITDA?

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

Solowin Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $0.82 Mil. Solowin Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $0.16 Mil. Solowin Holdings's annualized EBITDA for the quarter that ended in Mar. 2026 was $-2.20 Mil. Solowin Holdings's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was -0.45.

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 Solowin Holdings's Debt-to-EBITDA or its related term are showing as below:

AXG' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.82   Med: -0.19   Max: 0.18
Current: -0.6

During the past 6 years, the highest Debt-to-EBITDA Ratio of Solowin Holdings was 0.18. The lowest was -0.82. And the median was -0.19.

AXG's Debt-to-EBITDA is ranked worse than
100% of 412 companies
in the Capital Markets industry
Industry Median: 1.66 vs AXG: -0.60

Solowin Holdings  (NAS:AXG) 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.


Solowin Holdings Debt-to-EBITDA Related Terms


Solowin Holdings Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Solowin Holdings'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.

Solowin Holdings Debt-to-EBITDA Chart

Solowin Holdings Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-EBITDA
Get a 7-Day Free Trial - - - - -

Solowin Holdings Semi-Annual Data
Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

AXG vs CNCK, MTC, CD: Debt-to-EBITDA Comparison

For the Capital Markets subindustry, Solowin Holdings'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.


Solowin Holdings Debt-to-EBITDA vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Solowin Holdings's Debt-to-EBITDA distribution charts can be found below:

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


AXG
47GF Score
Solowin Holdings Ltd AXG
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Solowin Holdings Debt-to-EBITDA Calculation

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

Solowin Holdings's Debt-to-EBITDA for the fiscal year that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0.82319328588556 + 0.15713884849876) / -1.6850088485413
=-0.58

Solowin Holdings's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0.82319328588556 + 0.15713884849876) / -2.199266647872
=-0.45

* 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 (Mar. 2026) EBITDA data.

Is Solowin Holdings (AXG) Overvalued in 2026?

Based on GuruFocus' analysis, Solowin Holdings stock appears to be undervalued. The current stock price of $1.87 is trading 30.7% below its estimated GF Value™ of $2.70. GuruFocus considers Solowin Holdings to be Possible Value Trap.

Key valuation signals for AXG:

  • Debt-to-EBITDA:
  • GF Value™: $2.70 vs. price of $1.87 (30.7% below fair value)
  • GF Score™: 47/100 with 7 warning signs

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


Solowin Holdings Business Description

Address 33 Canton Road, Room 1910-1912A, Tower 3, Tsim Sha Tsui, Kowloon, Hong Kong, HKG
Solowin Holdings Ltd is an investor-focused, versatile securities brokerage company in Hong Kong. It offers a wide spectrum of products and services through its secure one-stop electronic platform. It is engaged in providing securities-related services, investment advisory services, and asset management services to customers. The operations were organized into four reportable segments: Corporate Finance Services, Wealth Management Services, Asset Management Services and Virtual Assets. It derives maximum revenue from Wealth Management Services.
47GF Score

Get the complete analysis for AXG

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

$1.87
Price
$2.70
GF Value