SAFE (FRA:OR9) Debt-to-EBITDA : -27.00 (As of Dec. 2025)

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.

FRA:OR9 SAFE FRA:OR9
20 GF Score
Price €0.49
! 5 Warning Signs
View Full Analysis

What is SAFE Debt-to-EBITDA?

SAFE FRA:OR9 20 Debt-to-EBITDA is -27.00 as of Dec. 2025. GuruFocus rates FRA:OR9 with a GF Score™ of 20/100. The stock has 5 warning signs investors should review. Among 467 Medical Devices & Instruments companies, SAFE ranks worse than 214132.55% on this metric.

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

SAFE's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was €12.91 Mil. SAFE's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was €0.59 Mil. SAFE's annualized EBITDA for the quarter that ended in Dec. 2025 was €-0.50 Mil. SAFE's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 was -27.00.

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

FRA:OR9' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -3.65   Med: -1.07   Max: 0.18
Current: -3.65

During the past 13 years, the highest Debt-to-EBITDA Ratio of SAFE was 0.18. The lowest was -3.65. And the median was -1.07.

FRA:OR9's Debt-to-EBITDA is ranked worse than
100% of 467 companies
in the Medical Devices & Instruments industry
Industry Median: 1.6 vs FRA:OR9: -3.65

SAFE  (FRA:OR9) 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.


SAFE Debt-to-EBITDA Related Terms


SAFE Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for SAFE'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.

SAFE Debt-to-EBITDA Chart

SAFE 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 -1.70 -1.81 -1.02 0.18 -3.65

SAFE Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 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 N/A 1.44 -1.59 -2.10 -27.00

FRA:OR9 vs ISRG, BDX, MDLN: Debt-to-EBITDA Comparison

For the Medical Instruments & Supplies subindustry, SAFE'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.


SAFE Debt-to-EBITDA vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, SAFE's Debt-to-EBITDA distribution charts can be found below:

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


FRA:OR9
20GF Score
SAFE FRA:OR9
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SAFE Debt-to-EBITDA Calculation

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

SAFE'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
=(12.912 + 0.59) / -3.695
=-3.65

SAFE'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
=(12.912 + 0.59) / -0.5
=-27.00

* 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 -27.00 mean?
SAFE (FRA:OR9) has a Debt-to-EBITDA of -27.00 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 SAFE. According to the industry distribution chart, SAFE ranks #999999 out of 467 companies in the Medical Devices & Instruments industry.
Is SAFE's Debt-to-EBITDA too high?
SAFE's current Debt-to-EBITDA is -27.00. Based on the distribution chart, SAFE ranks #999999 out of 467 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, SAFE has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does SAFE's Debt-to-EBITDA compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, SAFE ranks #999999 out of 467 companies for Debt-to-EBITDA. This places SAFE in the lower half of its industry. The industry median Debt-to-EBITDA is 1.60. 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 Medical Devices & Instruments company?
The median Debt-to-EBITDA among Medical Devices & Instruments companies is 1.60, based on 467 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 SAFE. For the Medical Devices & Instruments industry, the median Debt-to-EBITDA is 1.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SAFE's current Debt-to-EBITDA is -27.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SAFE stock overvalued right now?
SAFE (FRA:OR9) has a current Debt-to-EBITDA of -27.00. The current Debt-to-EBITDA is -27.00. SAFE's overall GF Score™ is 20/100 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 SAFE (FRA:OR9), the current Debt-to-EBITDA is -27.00 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.

SAFE Business Description

Other Exchanges ALSAF:France
Address Parc des Bellevues, Allee R. Luxemburg, Le Californie, Eragny sur Oise, FRA, 95610
SAFE, formerly SAFE Orthopaedics SA is engaged in the medical industry. The company manufactures implants used for spine correction surgeries.
20GF Score

Get the complete analysis for FRA:OR9

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

€0.49
Price