Emirates Central Cooling Systems PJSC (DFM:EMPOWER) Debt-to-EBITDA : 3.69 (As of Mar. 2026) — 24% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

DFM:EMPOWER Emirates Central Cooling Systems Corp PJSC DFM:EMPOWER
79 GF Score
Price د.إ1.61
GF Value د.إ1.87
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Emirates Central Cooling Systems PJSC Debt-to-EBITDA?

Emirates Central Cooling Systems PJSC DFM:EMPOWER 79 Debt-to-EBITDA is 3.69 as of Mar. 2026, which is 24% above its 10-year median of 2.98. GuruFocus rates DFM:EMPOWER with a GF Score™ of 79/100 and a GF Value™ of د.إ1.87 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 450 Utilities - Regulated companies, Emirates Central Cooling Systems PJSC ranks better than 59.33% on this metric.

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

Emirates Central Cooling Systems PJSC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was د.إ4 Mil. Emirates Central Cooling Systems PJSC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was د.إ5,500 Mil. Emirates Central Cooling Systems PJSC's annualized EBITDA for the quarter that ended in Mar. 2026 was د.إ1,493 Mil. Emirates Central Cooling Systems PJSC's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 3.69.

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 Emirates Central Cooling Systems PJSC's Debt-to-EBITDA or its related term are showing as below:

DFM:EMPOWER' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.39   Med: 2.98   Max: 3.44
Current: 3.12

During the past 7 years, the highest Debt-to-EBITDA Ratio of Emirates Central Cooling Systems PJSC was 3.44. The lowest was 0.39. And the median was 2.98.

DFM:EMPOWER's Debt-to-EBITDA is ranked better than
59.33% of 450 companies
in the Utilities - Regulated industry
Industry Median: 3.99 vs DFM:EMPOWER: 3.12

Emirates Central Cooling Systems PJSC  (DFM:EMPOWER) 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.


Emirates Central Cooling Systems PJSC Debt-to-EBITDA Related Terms


Emirates Central Cooling Systems PJSC Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Emirates Central Cooling Systems PJSC'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.

Emirates Central Cooling Systems PJSC Debt-to-EBITDA Chart

Emirates Central Cooling Systems PJSC Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial 1.60 3.20 2.98 3.44 3.24

Emirates Central Cooling Systems PJSC 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 4.46 3.17 2.95 2.82 3.69

DFM:EMPOWER vs AWK, WTRG, AWR: Debt-to-EBITDA Comparison

For the Utilities - Regulated Water subindustry, Emirates Central Cooling Systems PJSC'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.


Emirates Central Cooling Systems PJSC Debt-to-EBITDA vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Emirates Central Cooling Systems PJSC's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Emirates Central Cooling Systems PJSC's Debt-to-EBITDA falls into.


DFM:EMPOWER
79GF Score
Emirates Central Cooling Systems Corp PJSC DFM:EMPOWER
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Emirates Central Cooling Systems PJSC Debt-to-EBITDA Calculation

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

Emirates Central Cooling Systems PJSC'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
=(5.304 + 5500) / 1697.376
=3.24

Emirates Central Cooling Systems PJSC'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
=(4.12 + 5500) / 1493.12
=3.69

* 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 3.69 mean?
Emirates Central Cooling Systems PJSC (DFM:EMPOWER) has a Debt-to-EBITDA of 3.69 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 Emirates Central Cooling Systems PJSC. This is 24% above median its historical median of 2.98. Over the past decade, Emirates Central Cooling Systems PJSC's Debt-to-EBITDA has ranged from 0.39 to 3.44. According to the industry distribution chart, Emirates Central Cooling Systems PJSC ranks #183 out of 450 companies in the Utilities - Regulated industry, placing it in the top 40.7%.
Is Emirates Central Cooling Systems PJSC's Debt-to-EBITDA too high?
Emirates Central Cooling Systems PJSC's current Debt-to-EBITDA of 3.69 is 24% above median its 10-year median of 2.98. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 3.44. The Utilities - Regulated industry median Debt-to-EBITDA is 3.99. Emirates Central Cooling Systems PJSC's value of 3.69 is 7.5% below this industry median. Based on the distribution chart, Emirates Central Cooling Systems PJSC ranks #183 out of 450 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Emirates Central Cooling Systems PJSC has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Emirates Central Cooling Systems PJSC's Debt-to-EBITDA compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, Emirates Central Cooling Systems PJSC ranks #183 out of 450 companies for Debt-to-EBITDA. This puts Emirates Central Cooling Systems PJSC in the upper half of its industry. The industry median Debt-to-EBITDA is 3.99. Emirates Central Cooling Systems PJSC's value of 3.69 is 7.5% below this benchmark. Historically, Emirates Central Cooling Systems PJSC's own Debt-to-EBITDA has ranged from 0.39 to 3.44 over the past decade. While the company's 10-year median is 2.98 vs. the industry median of 3.99, Emirates Central Cooling Systems PJSC 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 3.99, based on 450 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. Emirates Central Cooling Systems PJSC's current Debt-to-EBITDA of 3.69 is 7.5% 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 Emirates Central Cooling Systems PJSC. For the Utilities - Regulated industry, the median Debt-to-EBITDA is 3.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emirates Central Cooling Systems PJSC's current Debt-to-EBITDA is 3.69, which is 24% above median its own 10-year median of 2.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emirates Central Cooling Systems PJSC stock overvalued right now?
Based on GuruFocus' analysis, Emirates Central Cooling Systems PJSC (DFM:EMPOWER) is currently considered Modestly Undervalued. The stock's GF Value™ is د.إ1.87, compared to a current price of د.إ1.61 — trading 13.9% below its estimated fair value. The current Debt-to-EBITDA is 3.69, which is 24% above median its 10-year median of 2.98 and 7.5% below the Utilities - Regulated industry median of 3.99. Emirates Central Cooling Systems PJSC's overall GF Score™ is 79/100 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 Emirates Central Cooling Systems PJSC (DFM:EMPOWER), the current Debt-to-EBITDA is 3.69 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 Emirates Central Cooling Systems PJSC (DFM:EMPOWER) Overvalued in 2026?

Based on GuruFocus' analysis, Emirates Central Cooling Systems PJSC stock appears to be undervalued. The current stock price of د.إ1.61 is trading 13.9% below its estimated GF Value™ of د.إ1.87. GuruFocus considers Emirates Central Cooling Systems PJSC to be Modestly Undervalued.

Key valuation signals for DFM:EMPOWER:

  • Debt-to-EBITDA: 3.69 (24% above median its 10-year median of 2.98)
  • GF Value™: د.إ1.87 vs. price of د.إ1.61 (13.9% below fair value)
  • GF Score™: 79/100 with 5 warning signs
  • Industry Position: 7.5% below the Utilities - Regulated median (#183 of 450)

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


Emirates Central Cooling Systems PJSC Business Description

Address Block A, Jumeirah Beach Road, 2nd December Street, PO Box 8081, Al Hudaiba Awards Building, 8th Floor, Opposite Etihad Museum, Dubai, ARE
Emirates Central Cooling Systems Corp PJSC offers district cooling services, and management, operation, and maintenance of central cooling plants and related distribution networks. The group has two operating and reportable segments: Chilled water and Pre-insulated pipe business. The majority of its revenue is generated from the Chilled water segment, which constructs, owns, assembles, installs, operates, and maintains cooling and conditioning systems. In addition, it distributes and sells chilled water for use in district cooling technologies. The Pre-insulated pipe business is involved in manufacturing, assembling, and selling activities relating to the expansion of the group's chilled water business. Geographically, the group generates all of its revenue from the United Arab Emirates.
79GF Score

Get the complete analysis for DFM:EMPOWER

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

د.إ1.61
Price
د.إ1.87
GF Value