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Winking StudiosFRA:G4D 46 Debt-to-EBITDA is -6.18 as of Jun. 2026. GuruFocus rates FRA:G4D with a GF Score™ of 46/100. The stock has 5 warning signs investors should review. Among 299 Interactive Media companies, Winking Studios ranks worse than 51.51% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
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 Winking Studios's Debt-to-EBITDA or its related term are showing as below:
FRA:G4D'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.18 Med: 0.75 Max: 1.23
Current: 0.71
During the past 6 years, the highest Debt-to-EBITDA Ratio of Winking Studios was 1.23. The lowest was 0.18. And the median was 0.75.
FRA:G4D's Debt-to-EBITDA is ranked worse than 51.51% of 299
companies
in the Interactive Media industry
Industry Median: 0.66
vs FRA:G4D: 0.71
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.
Winking Studios Debt-to-EBITDA Related Terms
Winking Studios Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Winking Studios'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.
FRA:G4D vs NTES, EA, TTWO: Debt-to-EBITDA Comparison
For the Electronic Gaming & Multimedia subindustry, Winking Studios'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.
Winking Studios Debt-to-EBITDA vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Winking Studios's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Winking Studios's Debt-to-EBITDA falls into.
* 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 (Jun. 2026) EBITDA data.
Winking Studios (FRA:G4D) has a Debt-to-EBITDA of -6.18 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Winking Studios. Over the past decade, Winking Studios' Debt-to-EBITDA has ranged from 0.18 to 1.23. According to the industry distribution chart, Winking Studios ranks #154 out of 299 companies in the Interactive Media industry, placing it in the top 51.5%.
Is Winking Studios' Debt-to-EBITDA too high?
Winking Studios' current Debt-to-EBITDA is -6.18. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 1.23. Based on the distribution chart, Winking Studios ranks #154 out of 299 companies in the Interactive Media industry, which is below the industry midpoint. Overall, Winking Studios has a GF Score™ of 46/100, reflecting its overall financial health beyond just this single metric.
How does Winking Studios' Debt-to-EBITDA compare to NTES and EA?
According to the Interactive Media industry distribution chart, Winking Studios ranks #154 out of 299 companies for Debt-to-EBITDA. This places Winking Studios in the lower half of its industry. The industry median Debt-to-EBITDA is 0.66. Historically, Winking Studios' own Debt-to-EBITDA has ranged from 0.18 to 1.23 over the past decade. 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 Interactive Media company?
The median Debt-to-EBITDA among Interactive Media companies is 0.66, based on 299 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. 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 Winking Studios. For the Interactive Media industry, the median Debt-to-EBITDA is 0.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Winking Studios's current Debt-to-EBITDA is -6.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Winking Studios stock overvalued right now?
Winking Studios (FRA:G4D) has a current Debt-to-EBITDA of -6.18. The current Debt-to-EBITDA is -6.18. Winking Studios' overall GF Score™ is 46/100 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 Winking Studios (FRA:G4D), the current Debt-to-EBITDA is -6.18 as of Jun. 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.
Winking Studios Ltd is an art outsourcing and game development studio providing complete end-to-end art outsourcing and game development services across various platforms. The three primary business segments of the company are the Original Equipment Manufacturer (Art Outsourcing Segment), Original Design Manufacturer (Game Development Segment), and Global Publishing and Others. The company derives maximum revenue from the Art Outsourcing Segment, which creates and develops digital art assets as part of its provision of art outsourcing services. The Group can provide a wide gamut of design services that include 2D concept art, 3D modeling, 2D animation, 3D animation, and visual effects. This art includes environment design and game character design.
46GF Score
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