Tong Hua Holdings PCL (BKK:TH) Debt-to-EBITDA : 0.03 (As of Mar. 2026) — 50% Above Median

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BKK:TH Tong Hua Holdings PCL BKK:TH
63 GF Score
Price ฿0.50
GF Value ฿0.63
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Tong Hua Holdings PCL Debt-to-EBITDA?

Tong Hua Holdings PCL BKK:TH +4.17% 63 Debt-to-EBITDA is 0.03 as of Mar. 2026, which is 50% above its 10-year median of 0.02. GuruFocus rates BKK:TH with a GF Score™ of 63/100 and a GF Value™ of ฿0.63 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 116 Diversified Financial Services companies, Tong Hua Holdings PCL ranks better than 93.97% on this metric.

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

Tong Hua Holdings PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ฿2.7 Mil. Tong Hua Holdings PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ฿1.7 Mil. Tong Hua Holdings PCL's annualized EBITDA for the quarter that ended in Mar. 2026 was ฿138.1 Mil. Tong Hua Holdings PCL's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 0.03.

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

BKK:TH' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.01   Med: 0.02   Max: 0.11
Current: 0.11

During the past 13 years, the highest Debt-to-EBITDA Ratio of Tong Hua Holdings PCL was 0.11. The lowest was 0.01. And the median was 0.02.

BKK:TH's Debt-to-EBITDA is ranked better than
93.97% of 116 companies
in the Diversified Financial Services industry
Industry Median: 5.845 vs BKK:TH: 0.11

Tong Hua Holdings PCL  (BKK:TH) 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.


Tong Hua Holdings PCL Debt-to-EBITDA Related Terms


Tong Hua Holdings PCL Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Tong Hua Holdings 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.

Tong Hua Holdings PCL Debt-to-EBITDA Chart

Tong Hua Holdings 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 0.01 0.01 0.01 0.03 0.06

Tong Hua Holdings 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 0.02 -0.02 0.03 0.05 0.03

BKK:TH vs FRHC, VOYA: Debt-to-EBITDA Comparison

For the Financial Conglomerates subindustry, Tong Hua Holdings 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.


Tong Hua Holdings PCL Debt-to-EBITDA vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Tong Hua Holdings PCL's Debt-to-EBITDA distribution charts can be found below:

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


BKK:TH
63GF Score
Tong Hua Holdings PCL BKK:TH
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tong Hua Holdings PCL Debt-to-EBITDA Calculation

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

Tong Hua Holdings 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
=(2.669 + 2.345) / 80.024
=0.06

Tong Hua Holdings 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
=(2.66 + 1.705) / 138.08
=0.03

* 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 0.03 mean?
Tong Hua Holdings PCL (BKK:TH) has a Debt-to-EBITDA of 0.03 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 Tong Hua Holdings PCL. This is 50% above median its historical median of 0.02. Over the past decade, Tong Hua Holdings PCL's Debt-to-EBITDA has ranged from 0.01 to 0.11. According to the industry distribution chart, Tong Hua Holdings PCL ranks #7 out of 116 companies in the Diversified Financial Services industry, placing it in the top 6%.
Is Tong Hua Holdings PCL's Debt-to-EBITDA too high?
Tong Hua Holdings PCL's current Debt-to-EBITDA of 0.03 is 50% above median its 10-year median of 0.02. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.11. The Diversified Financial Services industry median Debt-to-EBITDA is 5.85. Tong Hua Holdings PCL's value of 0.03 is 99.5% below this industry median. Based on the distribution chart, Tong Hua Holdings PCL ranks #7 out of 116 companies in the Diversified Financial Services industry, which is in the top quartile — a strong position relative to peers. Overall, Tong Hua Holdings PCL has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tong Hua Holdings PCL's Debt-to-EBITDA compare to FRHC and VOYA?
According to the Diversified Financial Services industry distribution chart, Tong Hua Holdings PCL ranks #7 out of 116 companies for Debt-to-EBITDA. This places Tong Hua Holdings PCL in the top 6% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 5.85. Tong Hua Holdings PCL's value of 0.03 is 99.5% below this benchmark. Historically, Tong Hua Holdings PCL's own Debt-to-EBITDA has ranged from 0.01 to 0.11 over the past decade. While the company's 10-year median is 0.02 vs. the industry median of 5.85, Tong Hua Holdings PCL has consistently been below 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 Diversified Financial Services company?
The median Debt-to-EBITDA among Diversified Financial Services companies is 5.85, based on 116 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. Tong Hua Holdings PCL's current Debt-to-EBITDA of 0.03 is 99.5% below 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 Tong Hua Holdings PCL. For the Diversified Financial Services industry, the median Debt-to-EBITDA is 5.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tong Hua Holdings PCL's current Debt-to-EBITDA is 0.03, which is 50% above median its own 10-year median of 0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tong Hua Holdings PCL stock overvalued right now?
Based on GuruFocus' analysis, Tong Hua Holdings PCL (BKK:TH) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿0.63, compared to a current price of ฿0.50 — trading 20.6% below its estimated fair value. The current Debt-to-EBITDA is 0.03, which is 50% above median its 10-year median of 0.02 and 99.5% below the Diversified Financial Services industry median of 5.85. Tong Hua Holdings PCL's overall GF Score™ is 63/100 with 4 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 Tong Hua Holdings PCL (BKK:TH), the current Debt-to-EBITDA is 0.03 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 Tong Hua Holdings PCL (BKK:TH) Overvalued in 2026?

Based on GuruFocus' analysis, Tong Hua Holdings PCL stock appears to be undervalued. The current stock price of ฿0.50 is trading 20.6% below its estimated GF Value™ of ฿0.63. GuruFocus considers Tong Hua Holdings PCL to be Modestly Undervalued.

Key valuation signals for BKK:TH:

  • Debt-to-EBITDA: 0.03 (50% above median its 10-year median of 0.02)
  • GF Value™: ฿0.63 vs. price of ฿0.50 (20.6% below fair value)
  • GF Score™: 63/100 with 4 warning signs
  • Industry Position: 99.5% below the Diversified Financial Services median (#7 of 116)

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


Tong Hua Holdings PCL Business Description

Address 877-881 Charoenkrung Road, Talad Noi, Sumpantavong, Bangkok, THA, 10100
Tong Hua Holdings PCL operates as an investment company. The company's business segments are divided into five segments: i) Producing and distributing newspaper, publishing and providing printing services, ii) Space rental for trading and service business, iii) Investment business, iv) Providing short - term funds in the form of factoring, loans, and v) Asset Management Business. Geographically, it operates mainly in Thailand.
63GF Score

Get the complete analysis for BKK:TH

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

฿0.50
Price
฿0.63
GF Value