FSRCY (First Resources) Debt-to-EBITDA : 1.28 (As of Dec. 2025) — 15% Below Median


FSRCY First Resources Ltd FSRCY
80 GF Score
Price $238.46
GF Value $189.86
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is First Resources Debt-to-EBITDA?

First Resources FSRCY 80 Debt-to-EBITDA is 1.28 as of Dec. 2025, which is 15% below its 10-year median of 1.50. GuruFocus rates FSRCY with a GF Score™ of 80/100 and a GF Value™ of $189.86 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,545 Consumer Packaged Goods companies, First Resources ranks better than 58.38% on this metric.

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

First Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was $97 Mil. First Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was $858 Mil. First Resources's annualized EBITDA for the quarter that ended in Dec. 2025 was $744 Mil. First Resources's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 was 1.28.

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

FSRCY' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.57   Med: 1.5   Max: 1.98
Current: 1.5

During the past 13 years, the highest Debt-to-EBITDA Ratio of First Resources was 1.98. The lowest was 0.57. And the median was 1.50.

FSRCY's Debt-to-EBITDA is ranked better than
58.38% of 1545 companies
in the Consumer Packaged Goods industry
Industry Median: 2.05 vs FSRCY: 1.50

First Resources  (OTCPK:FSRCY) 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.


First Resources Debt-to-EBITDA Related Terms


First Resources Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for First Resources'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.

First Resources Debt-to-EBITDA Chart

First Resources 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 1.19 0.57 0.83 0.63 1.50

First Resources Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 0.80 0.74 0.55 1.73 1.28

FSRCY vs KHC, GIS: Debt-to-EBITDA Comparison

For the Packaged Foods subindustry, First Resources'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.


First Resources Debt-to-EBITDA vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, First Resources's Debt-to-EBITDA distribution charts can be found below:

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


FSRCY
80GF Score
First Resources Ltd FSRCY
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First Resources Debt-to-EBITDA Calculation

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

First Resources'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
=(96.812 + 857.619) / 636.795
=1.50

First Resources'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
=(96.812 + 857.619) / 743.918
=1.28

* 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 1.28 mean?
First Resources (FSRCY) has a Debt-to-EBITDA of 1.28 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 First Resources. This is 15% below median its historical median of 1.50. Over the past decade, First Resources' Debt-to-EBITDA has ranged from 0.57 to 1.98. According to the industry distribution chart, First Resources ranks #643 out of 1545 companies in the Consumer Packaged Goods industry, placing it in the top 41.6%.
Is First Resources' Debt-to-EBITDA too high?
First Resources' current Debt-to-EBITDA of 1.28 is 15% below median its 10-year median of 1.50. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 1.98. The Consumer Packaged Goods industry median Debt-to-EBITDA is 2.05. First Resources' value of 1.28 is 37.6% below this industry median. Based on the distribution chart, First Resources ranks #643 out of 1545 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, First Resources has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Resources' Debt-to-EBITDA compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, First Resources ranks #643 out of 1545 companies for Debt-to-EBITDA. This puts First Resources in the upper half of its industry. The industry median Debt-to-EBITDA is 2.05. First Resources' value of 1.28 is 37.6% below this benchmark. Historically, First Resources' own Debt-to-EBITDA has ranged from 0.57 to 1.98 over the past decade. While the company's 10-year median is 1.50 vs. the industry median of 2.05, First Resources 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 a Consumer Packaged Goods company?
The median Debt-to-EBITDA among Consumer Packaged Goods companies is 2.05, based on 1,545 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. First Resources's current Debt-to-EBITDA of 1.28 is 37.6% 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 First Resources. For the Consumer Packaged Goods industry, the median Debt-to-EBITDA is 2.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Resources's current Debt-to-EBITDA is 1.28, which is 15% below median its own 10-year median of 1.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Resources stock overvalued right now?
Based on GuruFocus' analysis, First Resources (FSRCY) is currently considered Modestly Overvalued. The stock's GF Value™ is $189.86, compared to a current price of $238.46 — trading 25.6% above its estimated fair value. The current Debt-to-EBITDA is 1.28, which is 15% below median its 10-year median of 1.50 and 37.6% below the Consumer Packaged Goods industry median of 2.05. First Resources' overall GF Score™ is 80/100 with 3 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 First Resources (FSRCY), the current Debt-to-EBITDA is 1.28 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.

Is First Resources (FSRCY) Overvalued in 2026?

Based on GuruFocus' analysis, First Resources stock appears to be overvalued. The current stock price of $238.46 is trading 25.6% above its estimated GF Value™ of $189.86. GuruFocus considers First Resources to be Modestly Overvalued.

Key valuation signals for FSRCY:

  • Debt-to-EBITDA: 1.28 (15% below median its 10-year median of 1.50)
  • GF Value™: $189.86 vs. price of $238.46 (25.6% above fair value)
  • GF Score™: 80/100 with 3 warning signs
  • Industry Position: 37.6% below the Consumer Packaged Goods median (#643 of 1545)

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


First Resources Business Description

Other Exchanges EB5:Singapore5F1:Germany
Address 7 Temasek Boulevard, No. 24-01, Suntec Tower One, Singapore, SGP, 038987
First Resources Ltd manages hectares of oil palm plantations located in Indonesia and mills fresh fruit bunches into crude palm oil and palm kernel. In addition, the group also processes crude palm oil and palm kernel into higher-value palm-based products such as refined, bleached, and deodorized olein and biodiesel. The operating segment of the company is Plantations, Palm Oil Mills & Refinery and Processing. The plantations and palm oil mills segment is principally involved in the cultivation and maintenance of oil palm plantations and the operation of palm oil mills. Refinery and processing segment markets and sells processed palm-based products produced from the refinery, fractionation and biodiesel plants, and other downstream processing facilities.
80GF Score

Get the complete analysis for FSRCY

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

$238.46
Price
$189.86
GF Value