Companhia de Eletricidade do Estado da Bahia – Coelba (BSP:CEEB3) Debt-to-EBITDA : 4.00 (As of Mar. 2026) — Near Median


BSP:CEEB3 Companhia de Eletricidade do Estado da Bahia – Coelba BSP:CEEB3
75 GF Score
Price R$47.13
GF Value R$46.51
Valuation Fairly Valued
! 6 Warning Signs
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What is Companhia de Eletricidade do Estado da Bahia – Coelba Debt-to-EBITDA?

Companhia de Eletricidade do Estado da Bahia – Coelba BSP:CEEB3 -0.04% 75 Debt-to-EBITDA is 4.00 as of Mar. 2026, which is 8% above its 10-year median of 3.72. GuruFocus rates BSP:CEEB3 with a GF Score™ of 75/100 and a GF Value™ of R$46.51 (Fairly Valued). The stock has 6 warning signs investors should review. Among 447 Utilities - Regulated companies, Companhia de Eletricidade do Estado da Bahia – Coelba ranks worse than 55.93% on this metric.

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

Companhia de Eletricidade do Estado da Bahia – Coelba's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was R$2,087 Mil. Companhia de Eletricidade do Estado da Bahia – Coelba's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was R$19,582 Mil. Companhia de Eletricidade do Estado da Bahia – Coelba's annualized EBITDA for the quarter that ended in Mar. 2026 was R$5,424 Mil. Companhia de Eletricidade do Estado da Bahia – Coelba's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 4.00.

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 Companhia de Eletricidade do Estado da Bahia – Coelba's Debt-to-EBITDA or its related term are showing as below:

BSP:CEEB3' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.25   Med: 3.72   Max: 6.41
Current: 4.38

During the past 13 years, the highest Debt-to-EBITDA Ratio of Companhia de Eletricidade do Estado da Bahia – Coelba was 6.41. The lowest was 3.25. And the median was 3.72.

BSP:CEEB3's Debt-to-EBITDA is ranked worse than
55.93% of 447 companies
in the Utilities - Regulated industry
Industry Median: 4.01 vs BSP:CEEB3: 4.38

Companhia de Eletricidade do Estado da Bahia – Coelba  (BSP:CEEB3) 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.


Companhia de Eletricidade do Estado da Bahia – Coelba Debt-to-EBITDA Related Terms


Companhia de Eletricidade do Estado da Bahia – Coelba Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Companhia de Eletricidade do Estado da Bahia – Coelba'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.

Companhia de Eletricidade do Estado da Bahia – Coelba Debt-to-EBITDA Chart

Companhia de Eletricidade do Estado da Bahia – Coelba 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 3.41 3.52 3.46 3.63 4.15

Companhia de Eletricidade do Estado da Bahia – Coelba 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 3.01 3.03 4.19 3.93 4.00

BSP:CEEB3 vs NEE, SO, DUK: Debt-to-EBITDA Comparison

For the Utilities - Regulated Electric subindustry, Companhia de Eletricidade do Estado da Bahia – Coelba'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.


Companhia de Eletricidade do Estado da Bahia – Coelba Debt-to-EBITDA vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Companhia de Eletricidade do Estado da Bahia – Coelba's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Companhia de Eletricidade do Estado da Bahia – Coelba's Debt-to-EBITDA falls into.


BSP:CEEB3
75GF Score
Companhia de Eletricidade do Estado da Bahia – Coelba BSP:CEEB3
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Companhia de Eletricidade do Estado da Bahia – Coelba Debt-to-EBITDA Calculation

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

Companhia de Eletricidade do Estado da Bahia – Coelba'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
=(2390 + 17966) / 4905
=4.15

Companhia de Eletricidade do Estado da Bahia – Coelba'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
=(2087 + 19582) / 5424
=4.00

* 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 4.00 mean?
Companhia de Eletricidade do Estado da Bahia – Coelba (BSP:CEEB3) has a Debt-to-EBITDA of 4.00 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 Companhia de Eletricidade do Estado da Bahia – Coelba. This is near median its historical median of 3.72. Over the past decade, Companhia de Eletricidade do Estado da Bahia – Coelba's Debt-to-EBITDA has ranged from 3.25 to 6.41. According to the industry distribution chart, Companhia de Eletricidade do Estado da Bahia – Coelba ranks #250 out of 447 companies in the Utilities - Regulated industry, placing it in the top 55.9%.
Is Companhia de Eletricidade do Estado da Bahia – Coelba's Debt-to-EBITDA too high?
Companhia de Eletricidade do Estado da Bahia – Coelba's current Debt-to-EBITDA of 4.00 is near median its 10-year median of 3.72. Over the past 10 years, this metric has ranged from a low of 3.25 to a high of 6.41. The Utilities - Regulated industry median Debt-to-EBITDA is 4.01. Companhia de Eletricidade do Estado da Bahia – Coelba's value of 4.00 is 0.2% below this industry median. Based on the distribution chart, Companhia de Eletricidade do Estado da Bahia – Coelba ranks #250 out of 447 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Companhia de Eletricidade do Estado da Bahia – Coelba has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Companhia de Eletricidade do Estado da Bahia – Coelba's Debt-to-EBITDA compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Companhia de Eletricidade do Estado da Bahia – Coelba ranks #250 out of 447 companies for Debt-to-EBITDA. This places Companhia de Eletricidade do Estado da Bahia – Coelba in the lower half of its industry. The industry median Debt-to-EBITDA is 4.01. Companhia de Eletricidade do Estado da Bahia – Coelba's value of 4.00 is 0.2% below this benchmark. Historically, Companhia de Eletricidade do Estado da Bahia – Coelba's own Debt-to-EBITDA has ranged from 3.25 to 6.41 over the past decade. While the company's 10-year median is 3.72 vs. the industry median of 4.01, Companhia de Eletricidade do Estado da Bahia – Coelba 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 an Utilities - Regulated company?
The median Debt-to-EBITDA among Utilities - Regulated companies is 4.01, based on 447 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. Companhia de Eletricidade do Estado da Bahia – Coelba's current Debt-to-EBITDA of 4.00 is 0.2% 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 Companhia de Eletricidade do Estado da Bahia – Coelba. For the Utilities - Regulated industry, the median Debt-to-EBITDA is 4.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Companhia de Eletricidade do Estado da Bahia – Coelba's current Debt-to-EBITDA is 4.00, which is near median its own 10-year median of 3.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Companhia de Eletricidade do Estado da Bahia – Coelba stock overvalued right now?
Based on GuruFocus' analysis, Companhia de Eletricidade do Estado da Bahia – Coelba (BSP:CEEB3) is currently considered Fairly Valued. The stock's GF Value™ is R$46.51, compared to a current price of R$47.13 — trading 1.3% above its estimated fair value. The current Debt-to-EBITDA is 4.00, which is near median its 10-year median of 3.72 and 0.2% below the Utilities - Regulated industry median of 4.01. Companhia de Eletricidade do Estado da Bahia – Coelba's overall GF Score™ is 75/100 with 6 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 Companhia de Eletricidade do Estado da Bahia – Coelba (BSP:CEEB3), the current Debt-to-EBITDA is 4.00 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 Companhia de Eletricidade do Estado da Bahia – Coelba (BSP:CEEB3) Overvalued in 2026?

Based on GuruFocus' analysis, Companhia de Eletricidade do Estado da Bahia – Coelba stock appears to be overvalued. The current stock price of R$47.13 is trading 1.3% above its estimated GF Value™ of R$46.51. GuruFocus considers Companhia de Eletricidade do Estado da Bahia – Coelba to be Fairly Valued.

Key valuation signals for BSP:CEEB3:

  • Debt-to-EBITDA: 4.00 (near median its 10-year median of 3.72)
  • GF Value™: R$46.51 vs. price of R$47.13 (1.3% above fair value)
  • GF Score™: 75/100 with 6 warning signs
  • Industry Position: 0.2% below the Utilities - Regulated median (#250 of 447)

No single metric tells the full story. See the BSP:CEEB3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Companhia de Eletricidade do Estado da Bahia – Coelba Business Description

Other Exchanges CEEB5:Brazil
Address Av Edgar Santos 300, Bloco A/1 Andar, Salvador, BA, BRA, 41186900
Companhia de Eletricidade do Estado da Bahia - Coelba is a Neoenergia group that distributes electricity.
75GF Score

Get the complete analysis for BSP:CEEB3

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

R$47.13
Price
R$46.51
GF Value