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NL Development PCLBKK:NL -4.55%16 Debt-to-EBITDA is -4.22 as of Mar. 2026. GuruFocus rates BKK:NL with a GF Score™ of 16/100. The stock has 2 warning signs investors should review. Among 1,410 Construction companies, NL Development PCL ranks worse than 70921.91% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
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 NL Development PCL's Debt-to-EBITDA or its related term are showing as below:
BKK:NL'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1.39 Med: 0.13 Max: 2.84
Current: -1.39
During the past 5 years, the highest Debt-to-EBITDA Ratio of NL Development PCL was 2.84. The lowest was -1.39. And the median was 0.13.
BKK:NL's Debt-to-EBITDA is ranked worse than 100% of 1410
companies
in the Construction industry
Industry Median: 2.1
vs BKK:NL: -1.39
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.
NL Development PCL Debt-to-EBITDA Related Terms
NL Development PCL Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for NL Development 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.
BKK:NL vs PWR, FIX, EME: Debt-to-EBITDA Comparison
For the Engineering & Construction subindustry, NL Development 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.
NL Development PCL Debt-to-EBITDA vs Construction Industry
For the Construction industry and Industrials sector, NL Development PCL's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where NL Development PCL'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 (Mar. 2026) EBITDA data.
NL Development PCL (BKK:NL) has a Debt-to-EBITDA of -4.22 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 NL Development PCL. According to the industry distribution chart, NL Development PCL ranks #999999 out of 1410 companies in the Construction industry.
Is NL Development PCL's Debt-to-EBITDA too high?
NL Development PCL's current Debt-to-EBITDA is -4.22. Based on the distribution chart, NL Development PCL ranks #999999 out of 1410 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, NL Development PCL has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does NL Development PCL's Debt-to-EBITDA compare to PWR and FIX?
According to the Construction industry distribution chart, NL Development PCL ranks #999999 out of 1410 companies for Debt-to-EBITDA. This places NL Development PCL in the lower half of its industry. The industry median Debt-to-EBITDA is 2.10. 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 Construction company?
The median Debt-to-EBITDA among Construction companies is 2.10, based on 1,410 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 NL Development PCL. For the Construction industry, the median Debt-to-EBITDA is 2.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NL Development PCL's current Debt-to-EBITDA is -4.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NL Development PCL stock overvalued right now?
NL Development PCL (BKK:NL) has a current Debt-to-EBITDA of -4.22. The current Debt-to-EBITDA is -4.22. NL Development PCL's overall GF Score™ is 16/100 with 2 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 NL Development PCL (BKK:NL), the current Debt-to-EBITDA is -4.22 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.
NL Development PCL is engaged in business of contractor and general construction. It provides surveying, design, and construction services for all types of buildings, including the installation of various engineering systems and public infrastructure construction.
16GF Score
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