Cho Thavee PCL (BKK:CHO) Debt-to-EBITDA : -15.02 (As of Mar. 2026)

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What is Cho Thavee PCL Debt-to-EBITDA?

Cho Thavee PCL BKK:CHO Debt-to-EBITDA is -15.02 as of Mar. 2026. The stock has 7 warning signs investors should review. Among 175 Farm & Heavy Construction Machinery companies, Cho Thavee PCL ranks worse than 571428% on this metric.

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

Cho Thavee PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ฿1,470.0 Mil. Cho Thavee PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ฿323.5 Mil. Cho Thavee PCL's annualized EBITDA for the quarter that ended in Mar. 2026 was ฿-119.4 Mil. Cho Thavee PCL's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was -15.02.

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 Cho Thavee PCL's Debt-to-EBITDA or its related term are showing as below:

BKK:CHO' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -77.43   Med: -3.86   Max: 9.2
Current: -2.13

During the past 13 years, the highest Debt-to-EBITDA Ratio of Cho Thavee PCL was 9.20. The lowest was -77.43. And the median was -3.86.

BKK:CHO's Debt-to-EBITDA is ranked worse than
100% of 175 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.69 vs BKK:CHO: -2.13

Cho Thavee PCL  (BKK:CHO) 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.


Cho Thavee PCL Debt-to-EBITDA Related Terms


Cho Thavee PCL Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Cho Thavee PCL'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.

Cho Thavee PCL Debt-to-EBITDA Chart

Cho Thavee PCL 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 -9.68 -4.38 -5.65 -3.33 -2.00

Cho Thavee PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 Premium Member Only -5.10 -1.94 -0.79 -9.32 -15.02

BKK:CHO vs CAT, DE, PCAR: Debt-to-EBITDA Comparison

For the Farm & Heavy Construction Machinery subindustry, Cho Thavee PCL'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.


Cho Thavee PCL Debt-to-EBITDA vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Cho Thavee PCL's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Cho Thavee PCL's Debt-to-EBITDA falls into.



Cho Thavee PCL Debt-to-EBITDA Calculation

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

Cho Thavee PCL'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
=(1462.166 + 324.219) / -892.709
=-2.00

Cho Thavee PCL'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
=(1469.995 + 323.501) / -119.444
=-15.02

* 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 (Mar. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of -15.02 mean?
Cho Thavee PCL (BKK:CHO) has a Debt-to-EBITDA of -15.02 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Cho Thavee PCL. According to the industry distribution chart, Cho Thavee PCL ranks #999999 out of 175 companies in the Farm & Heavy Construction Machinery industry.
Is Cho Thavee PCL's Debt-to-EBITDA too high?
Cho Thavee PCL's current Debt-to-EBITDA is -15.02. Based on the distribution chart, Cho Thavee PCL ranks #999999 out of 175 companies in the Farm & Heavy Construction Machinery industry, which is in the bottom quartile relative to peers.
How does Cho Thavee PCL's Debt-to-EBITDA compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Cho Thavee PCL ranks #999999 out of 175 companies for Debt-to-EBITDA. This places Cho Thavee PCL in the lower half of its industry. The industry median Debt-to-EBITDA is 1.69. 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 Farm & Heavy Construction Machinery company?
The median Debt-to-EBITDA among Farm & Heavy Construction Machinery companies is 1.69, based on 175 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 Cho Thavee PCL. For the Farm & Heavy Construction Machinery industry, the median Debt-to-EBITDA is 1.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cho Thavee PCL's current Debt-to-EBITDA is -15.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cho Thavee PCL stock overvalued right now?
Based on GuruFocus' analysis, Cho Thavee PCL (BKK:CHO) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.05, compared to a current price of ฿0.02 — trading 60% below its estimated fair value. The current Debt-to-EBITDA is -15.02. 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 Cho Thavee PCL (BKK:CHO), the current Debt-to-EBITDA is -15.02 as of Mar. 2026. 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.

Cho Thavee PCL Business Description

Address 265 Moo 4, Klang Muang Road, Tambol Muang Khao, Amphur Muang, Khon Kaen, THA, 40000
Cho Thavee PCL along with its subsidiaries engages in the manufacturing, selling and providing service of trailer assembly, vehicles, and special equipment. The company's products comprise standard products, which include trucks, semi-trailer, full-trailer; and other related products. Its segments include deriving revenue from contracts such as standard products, special products and project contract; revenue from sales such as the sale of spare parts and vehicle prototype; and revenue from service such as maintenance service centre. The group has a business presence in Thailand and other countries, of which a majority of revenue is derived from Thailand.