Chai Watana Tannery Group PCL (BKK:CWT) Debt-to-EBITDA : 17.75 (As of Mar. 2026) — 257% Above Median

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BKK:CWT Chai Watana Tannery Group PCL BKK:CWT
35 GF Score
Price ฿0.90
GF Value ฿0.87
Valuation Fairly Valued
! 5 Warning Signs
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What is Chai Watana Tannery Group PCL Debt-to-EBITDA?

Chai Watana Tannery Group PCL BKK:CWT +8.43% 35 Debt-to-EBITDA is 17.75 as of Mar. 2026, which is 257% above its 10-year median of 4.97. GuruFocus rates BKK:CWT with a GF Score™ of 35/100 and a GF Value™ of ฿0.87 (Fairly Valued). The stock has 5 warning signs investors should review. Among 454 Conglomerates companies, Chai Watana Tannery Group PCL ranks worse than 81.5% on this metric.

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

Chai Watana Tannery Group PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ฿714 Mil. Chai Watana Tannery Group PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ฿595 Mil. Chai Watana Tannery Group PCL's annualized EBITDA for the quarter that ended in Mar. 2026 was ฿74 Mil. Chai Watana Tannery Group PCL's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 17.75.

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 Chai Watana Tannery Group PCL's Debt-to-EBITDA or its related term are showing as below:

BKK:CWT' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -12.45   Med: 4.97   Max: 8.56
Current: 6.89

During the past 13 years, the highest Debt-to-EBITDA Ratio of Chai Watana Tannery Group PCL was 8.56. The lowest was -12.45. And the median was 4.97.

BKK:CWT's Debt-to-EBITDA is ranked worse than
81.5% of 454 companies
in the Conglomerates industry
Industry Median: 2.7 vs BKK:CWT: 6.89

Chai Watana Tannery Group PCL  (BKK:CWT) 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.


Chai Watana Tannery Group PCL Debt-to-EBITDA Related Terms


Chai Watana Tannery Group PCL Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Chai Watana Tannery Group 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.

Chai Watana Tannery Group PCL Debt-to-EBITDA Chart

Chai Watana Tannery Group 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 3.10 2.39 -12.45 4.92 5.02

Chai Watana Tannery Group 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 3.85 1.85 7.22 -12.33 17.75

BKK:CWT vs MMM, HON: Debt-to-EBITDA Comparison

For the Conglomerates subindustry, Chai Watana Tannery Group 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.


Chai Watana Tannery Group PCL Debt-to-EBITDA vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Chai Watana Tannery Group PCL's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Chai Watana Tannery Group PCL's Debt-to-EBITDA falls into.


BKK:CWT
35GF Score
Chai Watana Tannery Group PCL BKK:CWT
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Chai Watana Tannery Group PCL Debt-to-EBITDA Calculation

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

Chai Watana Tannery Group 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
=(661.309 + 579.12) / 246.955
=5.02

Chai Watana Tannery Group 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
=(713.887 + 595.479) / 73.752
=17.75

* 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 17.75 mean?
Chai Watana Tannery Group PCL (BKK:CWT) has a Debt-to-EBITDA of 17.75 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 Chai Watana Tannery Group PCL. This is 257% above median its historical median of 4.97. According to the industry distribution chart, Chai Watana Tannery Group PCL ranks #370 out of 454 companies in the Conglomerates industry, placing it in the top 81.5%.
Is Chai Watana Tannery Group PCL's Debt-to-EBITDA too high?
Chai Watana Tannery Group PCL's current Debt-to-EBITDA of 17.75 is 257% above median its 10-year median of 4.97. The Conglomerates industry median Debt-to-EBITDA is 2.70. Chai Watana Tannery Group PCL's value of 17.75 is 557.4% above this industry median. Based on the distribution chart, Chai Watana Tannery Group PCL ranks #370 out of 454 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, Chai Watana Tannery Group PCL has a GF Score™ of 35/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Chai Watana Tannery Group PCL's Debt-to-EBITDA compare to MMM and HON?
According to the Conglomerates industry distribution chart, Chai Watana Tannery Group PCL ranks #370 out of 454 companies for Debt-to-EBITDA. This places Chai Watana Tannery Group PCL in the lower half of its industry. The industry median Debt-to-EBITDA is 2.70. Chai Watana Tannery Group PCL's value of 17.75 is 557.4% above this benchmark. While the company's 10-year median is 4.97 vs. the industry median of 2.70, Chai Watana Tannery Group PCL 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 Conglomerates company?
The median Debt-to-EBITDA among Conglomerates companies is 2.70, based on 454 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. Chai Watana Tannery Group PCL's current Debt-to-EBITDA of 17.75 is 557.4% 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 Chai Watana Tannery Group PCL. For the Conglomerates industry, the median Debt-to-EBITDA is 2.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chai Watana Tannery Group PCL's current Debt-to-EBITDA is 17.75, which is 257% above median its own 10-year median of 4.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chai Watana Tannery Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Chai Watana Tannery Group PCL (BKK:CWT) is currently considered Fairly Valued. The stock's GF Value™ is ฿0.87, compared to a current price of ฿0.90 — trading 3.4% above its estimated fair value. The current Debt-to-EBITDA is 17.75, which is 257% above median its 10-year median of 4.97 and 557.4% above the Conglomerates industry median of 2.70. Chai Watana Tannery Group PCL's overall GF Score™ is 35/100 with 5 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 Chai Watana Tannery Group PCL (BKK:CWT), the current Debt-to-EBITDA is 17.75 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.

Is Chai Watana Tannery Group PCL (BKK:CWT) Overvalued in 2026?

Based on GuruFocus' analysis, Chai Watana Tannery Group PCL stock appears to be overvalued. The current stock price of ฿0.90 is trading 3.4% above its estimated GF Value™ of ฿0.87. GuruFocus considers Chai Watana Tannery Group PCL to be Fairly Valued.

Key valuation signals for BKK:CWT:

  • Debt-to-EBITDA: 17.75 (257% above median its 10-year median of 4.97)
  • GF Value™: ฿0.87 vs. price of ฿0.90 (3.4% above fair value)
  • GF Score™: 35/100 with 5 warning signs
  • Industry Position: 557.4% above the Conglomerates median (#370 of 454)

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


Chai Watana Tannery Group PCL Business Description

Address Sukhumvit Road, 176/1, 1480 Moo 1 Tannery Industrial District (K.M. 30), Thambon Thaiban, Amphur Maung, Samudprakarn, THA, 10280
Chai Watana Tannery Group PCL is a Thailand-based company engaged in diversified operations. The group operates through six reportable segments: Tannery Hide, Automotive Leather Cutting, Dog Chewable Toys, Furniture, Renewable Energy, and Design and Distribution of Aluminum Boats and Mini Buses. It generates the majority of its revenue from the Automotive Leather Cutting segment.
35GF Score

Get the complete analysis for BKK:CWT

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

฿0.90
Price
฿0.87
GF Value