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Path2 Hydrogen AGFRA:PTHH 22 Debt-to-EBITDA is -0.43 as of Dec. 2025. GuruFocus rates FRA:PTHH with a GF Score™ of 22/100. The stock has 5 warning signs investors should review. Among 449 Utilities - Regulated companies, Path2 Hydrogen AG ranks worse than 222716.93% 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 Path2 Hydrogen AG's Debt-to-EBITDA or its related term are showing as below:
FRA:PTHH'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -4.18 Med: -0.84 Max: -0.21
Current: -0.65
During the past 13 years, the highest Debt-to-EBITDA Ratio of Path2 Hydrogen AG was -0.21. The lowest was -4.18. And the median was -0.84.
FRA:PTHH's Debt-to-EBITDA is ranked worse than 100% of 449
companies
in the Utilities - Regulated industry
Industry Median: 4.01
vs FRA:PTHH: -0.65
Path2 Hydrogen AG (FRA:PTHH) Debt-to-EBITDA Explanation
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.
Path2 Hydrogen AG Debt-to-EBITDA Related Terms
Path2 Hydrogen AG Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Path2 Hydrogen AG'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:PTHH vs ATO, NI, UGI: Debt-to-EBITDA Comparison
For the Utilities - Regulated Gas subindustry, Path2 Hydrogen AG'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.
Path2 Hydrogen AG Debt-to-EBITDA vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Path2 Hydrogen AG's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Path2 Hydrogen AG'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 (Dec. 2025) EBITDA data.
Path2 Hydrogen AG (FRA:PTHH) has a Debt-to-EBITDA of -0.43 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 Path2 Hydrogen AG. According to the industry distribution chart, Path2 Hydrogen AG ranks #999999 out of 449 companies in the Utilities - Regulated industry.
Is Path2 Hydrogen AG's Debt-to-EBITDA too high?
Path2 Hydrogen AG's current Debt-to-EBITDA is -0.43. Based on the distribution chart, Path2 Hydrogen AG ranks #999999 out of 449 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Path2 Hydrogen AG has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Path2 Hydrogen AG's Debt-to-EBITDA compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Path2 Hydrogen AG ranks #999999 out of 449 companies for Debt-to-EBITDA. This places Path2 Hydrogen AG in the lower half of its industry. The industry median Debt-to-EBITDA is 4.01. 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 4.01, based on 449 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 Path2 Hydrogen AG. For the Utilities - Regulated industry, the median Debt-to-EBITDA is 4.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Path2 Hydrogen AG's current Debt-to-EBITDA is -0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Path2 Hydrogen AG stock overvalued right now?
Path2 Hydrogen AG (FRA:PTHH) has a current Debt-to-EBITDA of -0.43. The current Debt-to-EBITDA is -0.43. Path2 Hydrogen AG's overall GF Score™ is 22/100 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 Path2 Hydrogen AG (FRA:PTHH), the current Debt-to-EBITDA is -0.43 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.
Path2 Hydrogen AG is focused on advancing the hydrogen infrastructure economy. It involves in liquefaction, transfer and storage of hydrogen and equipment.
22GF Score
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