Taqa Morocco (CAS:TQM) Debt-to-EBITDA : 2.96 (As of Dec. 2025) — Near Median

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CAS:TQM Taqa Morocco SA CAS:TQM
74 GF Score
Price MAD1,768.00
GF Value MAD1,231.73
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Taqa Morocco Debt-to-EBITDA?

Taqa Morocco CAS:TQM +1.03% 74 Debt-to-EBITDA is 2.96 as of Dec. 2025, which is 5% below its 10-year median of 3.13. GuruFocus rates CAS:TQM with a GF Score™ of 74/100 and a GF Value™ of MAD1,231.73 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 340 Utilities - Independent Power Producers companies, Taqa Morocco ranks better than 66.18% on this metric.

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

Taqa Morocco's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was MAD0 Mil. Taqa Morocco's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was MAD9,679 Mil. Taqa Morocco's annualized EBITDA for the quarter that ended in Dec. 2025 was MAD3,271 Mil. Taqa Morocco's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 was 2.96.

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

CAS:TQM' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.68   Med: 3.13   Max: 3.86
Current: 2.95

During the past 13 years, the highest Debt-to-EBITDA Ratio of Taqa Morocco was 3.86. The lowest was 2.68. And the median was 3.13.

CAS:TQM's Debt-to-EBITDA is ranked better than
66.18% of 340 companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.63 vs CAS:TQM: 2.95

Taqa Morocco  (CAS:TQM) 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.


Taqa Morocco Debt-to-EBITDA Related Terms


Taqa Morocco Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Taqa Morocco'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.

Taqa Morocco Debt-to-EBITDA Chart

Taqa Morocco 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 3.02 2.68 3.42 2.99 2.95

Taqa Morocco Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 3.82 2.93 3.17 3.04 2.96

CAS:TQM vs CEG, VST, NRG: Debt-to-EBITDA Comparison

For the Utilities - Independent Power Producers subindustry, Taqa Morocco'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.


Taqa Morocco Debt-to-EBITDA vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Taqa Morocco's Debt-to-EBITDA distribution charts can be found below:

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


CAS:TQM
74GF Score
Taqa Morocco SA CAS:TQM
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Taqa Morocco Debt-to-EBITDA Calculation

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

Taqa Morocco'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
=(0 + 9679.219) / 3286.958
=2.94

Taqa Morocco's annualized Debt-to-EBITDA for the quarter 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
=(0 + 9679.219) / 3271.002
=2.96

* 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 two times the quarterly (Dec. 2025) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 2.96 mean?
Taqa Morocco (CAS:TQM) has a Debt-to-EBITDA of 2.96 as of Dec. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Taqa Morocco. This is near median its historical median of 3.13. Over the past decade, Taqa Morocco's Debt-to-EBITDA has ranged from 2.68 to 3.86. According to the industry distribution chart, Taqa Morocco ranks #115 out of 340 companies in the Utilities - Independent Power Producers industry, placing it in the top 33.8%.
Is Taqa Morocco's Debt-to-EBITDA too high?
Taqa Morocco's current Debt-to-EBITDA of 2.96 is near median its 10-year median of 3.13. Over the past 10 years, this metric has ranged from a low of 2.68 to a high of 3.86. The Utilities - Independent Power Producers industry median Debt-to-EBITDA is 4.63. Taqa Morocco's value of 2.96 is 36.1% below this industry median. Based on the distribution chart, Taqa Morocco ranks #115 out of 340 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Taqa Morocco has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taqa Morocco's Debt-to-EBITDA compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Taqa Morocco ranks #115 out of 340 companies for Debt-to-EBITDA. This puts Taqa Morocco in the upper half of its industry. The industry median Debt-to-EBITDA is 4.63. Taqa Morocco's value of 2.96 is 36.1% below this benchmark. Historically, Taqa Morocco's own Debt-to-EBITDA has ranged from 2.68 to 3.86 over the past decade. While the company's 10-year median is 3.13 vs. the industry median of 4.63, Taqa Morocco 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 - Independent Power Producers company?
The median Debt-to-EBITDA among Utilities - Independent Power Producers companies is 4.63, based on 340 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. Taqa Morocco's current Debt-to-EBITDA of 2.96 is 36.1% 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 Taqa Morocco. For the Utilities - Independent Power Producers industry, the median Debt-to-EBITDA is 4.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taqa Morocco's current Debt-to-EBITDA is 2.96, which is near median its own 10-year median of 3.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taqa Morocco stock overvalued right now?
Based on GuruFocus' analysis, Taqa Morocco (CAS:TQM) is currently considered Significantly Overvalued. The stock's GF Value™ is MAD1,231.73, compared to a current price of MAD1,768.00 — trading 43.5% above its estimated fair value. The current Debt-to-EBITDA is 2.96, which is near median its 10-year median of 3.13 and 36.1% below the Utilities - Independent Power Producers industry median of 4.63. Taqa Morocco's overall GF Score™ is 74/100 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 Taqa Morocco (CAS:TQM), the current Debt-to-EBITDA is 2.96 as of Dec. 2025. 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 Taqa Morocco (CAS:TQM) Overvalued in 2026?

Based on GuruFocus' analysis, Taqa Morocco stock appears to be overvalued. The current stock price of MAD1,768.00 is trading 43.5% above its estimated GF Value™ of MAD1,231.73. GuruFocus considers Taqa Morocco to be Significantly Overvalued.

Key valuation signals for CAS:TQM:

  • Debt-to-EBITDA: 2.96 (near median its 10-year median of 3.13)
  • GF Value™: MAD1,231.73 vs. price of MAD1,768.00 (43.5% above fair value)
  • GF Score™: 74/100 with 5 warning signs
  • Industry Position: 36.1% below the Utilities - Independent Power Producers median (#115 of 340)

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


Taqa Morocco Business Description

Address B.P. 99 - Sidi Bouzid, PK23, Route regionale 301, Centrale Thermique de Jorf Lasfar, Commune Moulay Abdellah, El Jadida, MAR
Taqa Morocco SA is a producer of electricity in Morocco. The company provides associated activities in the oil and gas sectors, the storage of the oil and gas products, electricity and water as well as transport infrastructure across Canada, Ghana, India, Iraq, Morocco, the Netherlands, Oman, Saudi Arabia, the United Arab Emirates, the United Kingdom, and the United States.
74GF Score

Get the complete analysis for CAS:TQM

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

MAD1,768.00
Price
MAD1,231.73
GF Value