Solar AS (CHIX:SOLABC) Debt-to-EBITDA : 6.95 (As of Mar. 2026) — 404% Above Median

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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CHIX:SOLABC Solar AS CHIX:SOLABC
64 GF Score
Price kr198.20
GF Value kr304.03
Valuation Possible Value Trap
! 8 Warning Signs
View Full Analysis

What is Solar AS Debt-to-EBITDA?

Solar AS CHIX:SOLABC 64 Debt-to-EBITDA is 6.95 as of Mar. 2026, which is 404% above its 10-year median of 1.38. GuruFocus rates CHIX:SOLABC with a GF Score™ of 64/100 and a GF Value™ of kr304.03 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 1,796 Hardware companies, Solar AS ranks worse than 73.55% on this metric.

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

Solar AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was kr1,107 Mil. Solar AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was kr978 Mil. Solar AS's annualized EBITDA for the quarter that ended in Mar. 2026 was kr300 Mil. Solar AS's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 6.95.

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

CHIX:SOLABc' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.5   Med: 1.38   Max: 4.01
Current: 4.01

During the past 13 years, the highest Debt-to-EBITDA Ratio of Solar AS was 4.01. The lowest was 0.50. And the median was 1.38.

CHIX:SOLABc's Debt-to-EBITDA is ranked worse than
73.55% of 1796 companies
in the Hardware industry
Industry Median: 1.715 vs CHIX:SOLABc: 4.01

Solar AS  (CHIX:SOLABc) 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.


Solar AS Debt-to-EBITDA Related Terms


Solar AS Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Solar AS'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.

Solar AS Debt-to-EBITDA Chart

Solar AS 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 0.50 1.07 1.85 2.71 3.34

Solar AS 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 5.68 3.81 4.05 2.17 6.95

CHIX:SOLABC vs SNX, ARW, AVT: Debt-to-EBITDA Comparison

For the Electronics & Computer Distribution subindustry, Solar AS'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.


Solar AS Debt-to-EBITDA vs Hardware Industry

For the Hardware industry and Technology sector, Solar AS's Debt-to-EBITDA distribution charts can be found below:

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


CHIX:SOLABC
64GF Score
Solar AS CHIX:SOLABC
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Solar AS Debt-to-EBITDA Calculation

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

Solar AS'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
=(804 + 954) / 527
=3.34

Solar AS'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
=(1107 + 978) / 300
=6.95

* 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 6.95 mean?
Solar AS (CHIX:SOLABC) has a Debt-to-EBITDA of 6.95 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 Solar AS. This is 404% above median its historical median of 1.38. Over the past decade, Solar AS's Debt-to-EBITDA has ranged from 0.50 to 4.01. According to the industry distribution chart, Solar AS ranks #1321 out of 1796 companies in the Hardware industry, placing it in the top 73.6%.
Is Solar AS's Debt-to-EBITDA too high?
Solar AS's current Debt-to-EBITDA of 6.95 is 404% above median its 10-year median of 1.38. Over the past 10 years, this metric has ranged from a low of 0.50 to a high of 4.01. The Hardware industry median Debt-to-EBITDA is 1.72. Solar AS's value of 6.95 is 305.2% above this industry median. Based on the distribution chart, Solar AS ranks #1321 out of 1796 companies in the Hardware industry, which is below the industry midpoint. Overall, Solar AS has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Solar AS's Debt-to-EBITDA compare to SNX and ARW?
According to the Hardware industry distribution chart, Solar AS ranks #1321 out of 1796 companies for Debt-to-EBITDA. This places Solar AS in the lower half of its industry. The industry median Debt-to-EBITDA is 1.72. Solar AS's value of 6.95 is 305.2% above this benchmark. Historically, Solar AS's own Debt-to-EBITDA has ranged from 0.50 to 4.01 over the past decade. While the company's 10-year median is 1.38 vs. the industry median of 1.72, Solar AS 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 Hardware company?
The median Debt-to-EBITDA among Hardware companies is 1.72, based on 1,796 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. Solar AS's current Debt-to-EBITDA of 6.95 is 305.2% 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 Solar AS. For the Hardware industry, the median Debt-to-EBITDA is 1.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Solar AS's current Debt-to-EBITDA is 6.95, which is 404% above median its own 10-year median of 1.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solar AS stock overvalued right now?
Based on GuruFocus' analysis, Solar AS (CHIX:SOLABC) is currently considered Possible Value Trap. The stock's GF Value™ is kr304.03, compared to a current price of kr198.20 — trading 34.8% below its estimated fair value. The current Debt-to-EBITDA is 6.95, which is 404% above median its 10-year median of 1.38 and 305.2% above the Hardware industry median of 1.72. Solar AS's overall GF Score™ is 64/100 with 8 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 Solar AS (CHIX:SOLABC), the current Debt-to-EBITDA is 6.95 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 Solar AS (CHIX:SOLABC) Overvalued in 2026?

Based on GuruFocus' analysis, Solar AS stock appears to be undervalued. The current stock price of kr198.20 is trading 34.8% below its estimated GF Value™ of kr304.03. GuruFocus considers Solar AS to be Possible Value Trap.

Key valuation signals for CHIX:SOLABC:

  • Debt-to-EBITDA: 6.95 (404% above median its 10-year median of 1.38)
  • GF Value™: kr304.03 vs. price of kr198.20 (34.8% below fair value)
  • GF Score™: 64/100 with 8 warning signs
  • Industry Position: 305.2% above the Hardware median (#1321 of 1796)

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


Solar AS Business Description

Address Industrivej Vest 43, Vejen, DNK, 6600
Solar AS is an sourcing and services company mainly within electrical, heating & plumbing and climate & energy solutions. Its core business centres on product sourcing, value-adding services and optimisation of customer's businesses. It has three business segment; Installation, Industry and Trade. Installation covers installation of electrical, and heating and plumbing products, while industry covers industry, offshore and marine, and utility and infrastructure, trade covers other small areas. Key revenue is generated from Installation segment. The company operates in Denmark, Sweden, Norway, Netherlands, Poland and Others.
64GF Score

Get the complete analysis for CHIX:SOLABC

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

kr198.20
Price
kr304.03
GF Value