Karsten (BSP:CTKA4) Debt-to-EBITDA : 7.01 (As of Mar. 2026) — 10% Below Median

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Director of Data and Quant Analytics at GuruFocus
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BSP:CTKA4 Karsten SA BSP:CTKA4
66 GF Score
Price R$32.00
GF Value R$30.17
Valuation Fairly Valued
! 2 Warning Signs
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What is Karsten Debt-to-EBITDA?

Karsten BSP:CTKA4 66 Debt-to-EBITDA is 7.01 as of Mar. 2026, which is 10% below its 10-year median of 7.79. GuruFocus rates BSP:CTKA4 with a GF Score™ of 66/100 and a GF Value™ of R$30.17 (Fairly Valued). The stock has 2 warning signs investors should review. Among 810 Manufacturing - Apparel & Accessories companies, Karsten ranks worse than 64.07% on this metric.

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

Karsten's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was R$32.5 Mil. Karsten's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was R$379.1 Mil. Karsten's annualized EBITDA for the quarter that ended in Mar. 2026 was R$58.7 Mil. Karsten's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 7.01.

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 Karsten's Debt-to-EBITDA or its related term are showing as below:

BSP:CTKA4' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.68   Med: 7.79   Max: 47.19
Current: 3.97

During the past 13 years, the highest Debt-to-EBITDA Ratio of Karsten was 47.19. The lowest was 3.68. And the median was 7.79.

BSP:CTKA4's Debt-to-EBITDA is ranked worse than
64.07% of 810 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.715 vs BSP:CTKA4: 3.97

Karsten  (BSP:CTKA4) 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.


Karsten Debt-to-EBITDA Related Terms


Karsten Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Karsten'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.

Karsten Debt-to-EBITDA Chart

Karsten 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 7.28 47.19 6.57 3.91 3.68

Karsten 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 4.57 4.04 3.30 3.48 7.01

BSP:CTKA4 vs AIN: Debt-to-EBITDA Comparison

For the Textile Manufacturing subindustry, Karsten'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.


Karsten Debt-to-EBITDA vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Karsten's Debt-to-EBITDA distribution charts can be found below:

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


BSP:CTKA4
66GF Score
Karsten SA BSP:CTKA4
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Karsten Debt-to-EBITDA Calculation

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

Karsten'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
=(33.859 + 384.8) / 113.811
=3.68

Karsten'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
=(32.458 + 379.068) / 58.688
=7.01

* 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 7.01 mean?
Karsten (BSP:CTKA4) has a Debt-to-EBITDA of 7.01 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 Karsten. This is 10% below median its historical median of 7.79. Over the past decade, Karsten's Debt-to-EBITDA has ranged from 3.68 to 47.19. According to the industry distribution chart, Karsten ranks #519 out of 810 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 64.1%.
Is Karsten's Debt-to-EBITDA too high?
Karsten's current Debt-to-EBITDA of 7.01 is 10% below median its 10-year median of 7.79. Over the past 10 years, this metric has ranged from a low of 3.68 to a high of 47.19. The Manufacturing - Apparel & Accessories industry median Debt-to-EBITDA is 2.72. Karsten's value of 7.01 is 158.2% above this industry median. Based on the distribution chart, Karsten ranks #519 out of 810 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Karsten has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Karsten's Debt-to-EBITDA compare to AIN?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Karsten ranks #519 out of 810 companies for Debt-to-EBITDA. This places Karsten in the lower half of its industry. The industry median Debt-to-EBITDA is 2.72. Karsten's value of 7.01 is 158.2% above this benchmark. Historically, Karsten's own Debt-to-EBITDA has ranged from 3.68 to 47.19 over the past decade. While the company's 10-year median is 7.79 vs. the industry median of 2.72, Karsten 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 Manufacturing - Apparel & Accessories company?
The median Debt-to-EBITDA among Manufacturing - Apparel & Accessories companies is 2.72, based on 810 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. Karsten's current Debt-to-EBITDA of 7.01 is 158.2% 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 Karsten. For the Manufacturing - Apparel & Accessories industry, the median Debt-to-EBITDA is 2.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Karsten's current Debt-to-EBITDA is 7.01, which is 10% below median its own 10-year median of 7.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Karsten stock overvalued right now?
Based on GuruFocus' analysis, Karsten (BSP:CTKA4) is currently considered Fairly Valued. The stock's GF Value™ is R$30.17, compared to a current price of R$32.00 — trading 6.1% above its estimated fair value. The current Debt-to-EBITDA is 7.01, which is 10% below median its 10-year median of 7.79 and 158.2% above the Manufacturing - Apparel & Accessories industry median of 2.72. Karsten's overall GF Score™ is 66/100 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 Karsten (BSP:CTKA4), the current Debt-to-EBITDA is 7.01 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 Karsten (BSP:CTKA4) Overvalued in 2026?

Based on GuruFocus' analysis, Karsten stock appears to be overvalued. The current stock price of R$32.00 is trading 6.1% above its estimated GF Value™ of R$30.17. GuruFocus considers Karsten to be Fairly Valued.

Key valuation signals for BSP:CTKA4:

  • Debt-to-EBITDA: 7.01 (10% below median its 10-year median of 7.79)
  • GF Value™: R$30.17 vs. price of R$32.00 (6.1% above fair value)
  • GF Score™: 66/100 with 2 warning signs
  • Industry Position: 158.2% above the Manufacturing - Apparel & Accessories median (#519 of 810)

No single metric tells the full story. See the BSP:CTKA4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Karsten Business Description

Other Exchanges CTKA3:Brazil
Address R Johann Karsten, 260, Testo Jump, Blumenau, SC, BRA, 89074700
Karsten SA is a textile manufacturer and sells textile products in Brazil. It divides its business into five segments: decoration, embroidery, table, bath and bed. It produces table linens, curtains, towels, and other decorative home furnishings.
66GF Score

Get the complete analysis for BSP:CTKA4

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

R$32.00
Price
R$30.17
GF Value