China Sunshine Paper Holdings Co. (HKSE:02002) Debt-to-EBITDA : 17.05 (As of Dec. 2025) — 256% Above Median

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HKSE:02002 China Sunshine Paper Holdings Co. Ltd HKSE:02002
69 GF Score
Price HK$1.12
GF Value HK$1.79
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is China Sunshine Paper Holdings Co. Debt-to-EBITDA?

China Sunshine Paper Holdings Co. HKSE:02002 69 Debt-to-EBITDA is 17.05 as of Dec. 2025, which is 256% above its 10-year median of 4.79. GuruFocus rates HKSE:02002 with a GF Score™ of 69/100 and a GF Value™ of HK$1.79 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 209 Forest Products companies, China Sunshine Paper Holdings Co. ranks worse than 88.04% on this metric.

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

China Sunshine Paper Holdings Co.'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was HK$4,722 Mil. China Sunshine Paper Holdings Co.'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was HK$1,921 Mil. China Sunshine Paper Holdings Co.'s annualized EBITDA for the quarter that ended in Dec. 2025 was HK$390 Mil. China Sunshine Paper Holdings Co.'s annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 was 17.05.

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 China Sunshine Paper Holdings Co.'s Debt-to-EBITDA or its related term are showing as below:

HKSE:02002' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.46   Med: 4.79   Max: 14.08
Current: 14.08

During the past 13 years, the highest Debt-to-EBITDA Ratio of China Sunshine Paper Holdings Co. was 14.08. The lowest was 3.46. And the median was 4.79.

HKSE:02002's Debt-to-EBITDA is ranked worse than
88.04% of 209 companies
in the Forest Products industry
Industry Median: 3.17 vs HKSE:02002: 14.08

China Sunshine Paper Holdings Co.  (HKSE:02002) 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.


China Sunshine Paper Holdings Co. Debt-to-EBITDA Related Terms


China Sunshine Paper Holdings Co. Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for China Sunshine Paper Holdings Co.'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.

China Sunshine Paper Holdings Co. Debt-to-EBITDA Chart

China Sunshine Paper Holdings Co. 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 3.78 6.06 4.35 4.80 6.68

China Sunshine Paper Holdings Co. 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 6.49 6.62 11.18 10.61 17.05

China Sunshine Paper Holdings Co. Debt-to-EBITDA Competitor Comparison

For the Paper & Paper Products subindustry, China Sunshine Paper Holdings Co.'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.


China Sunshine Paper Holdings Co. Debt-to-EBITDA vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, China Sunshine Paper Holdings Co.'s Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where China Sunshine Paper Holdings Co.'s Debt-to-EBITDA falls into.


HKSE:02002
69GF Score
China Sunshine Paper Holdings Co. Ltd HKSE:02002
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Sunshine Paper Holdings Co. Debt-to-EBITDA Calculation

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

China Sunshine Paper Holdings Co.'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
=(4722.364 + 1921.126) / 994.609
=6.68

China Sunshine Paper Holdings Co.'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
=(4722.364 + 1921.126) / 389.608
=17.05

* 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 17.05 mean?
China Sunshine Paper Holdings Co. (HKSE:02002) has a Debt-to-EBITDA of 17.05 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 China Sunshine Paper Holdings Co.. This is 256% above median its historical median of 4.79. Over the past decade, China Sunshine Paper Holdings Co.'s Debt-to-EBITDA has ranged from 3.46 to 14.08. According to the industry distribution chart, China Sunshine Paper Holdings Co. ranks #184 out of 209 companies in the Forest Products industry, placing it in the top 88%.
Is China Sunshine Paper Holdings Co.'s Debt-to-EBITDA too high?
China Sunshine Paper Holdings Co.'s current Debt-to-EBITDA of 17.05 is 256% above median its 10-year median of 4.79. Over the past 10 years, this metric has ranged from a low of 3.46 to a high of 14.08. The Forest Products industry median Debt-to-EBITDA is 3.17. China Sunshine Paper Holdings Co.'s value of 17.05 is 437.9% above this industry median. Based on the distribution chart, China Sunshine Paper Holdings Co. ranks #184 out of 209 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, China Sunshine Paper Holdings Co. has a GF Score™ of 69/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does China Sunshine Paper Holdings Co.'s Debt-to-EBITDA compare to competitors?
According to the Forest Products industry distribution chart, China Sunshine Paper Holdings Co. ranks #184 out of 209 companies for Debt-to-EBITDA. This places China Sunshine Paper Holdings Co. in the lower half of its industry. The industry median Debt-to-EBITDA is 3.17. China Sunshine Paper Holdings Co.'s value of 17.05 is 437.9% above this benchmark. Historically, China Sunshine Paper Holdings Co.'s own Debt-to-EBITDA has ranged from 3.46 to 14.08 over the past decade. While the company's 10-year median is 4.79 vs. the industry median of 3.17, China Sunshine Paper Holdings Co. has consistently been above 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 Forest Products company?
The median Debt-to-EBITDA among Forest Products companies is 3.17, based on 209 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. China Sunshine Paper Holdings Co.'s current Debt-to-EBITDA of 17.05 is 437.9% above 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 China Sunshine Paper Holdings Co.. For the Forest Products industry, the median Debt-to-EBITDA is 3.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Sunshine Paper Holdings Co.'s current Debt-to-EBITDA is 17.05, which is 256% above median its own 10-year median of 4.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Sunshine Paper Holdings Co. stock overvalued right now?
Based on GuruFocus' analysis, China Sunshine Paper Holdings Co. (HKSE:02002) is currently considered Possible Value Trap. The stock's GF Value™ is HK$1.79, compared to a current price of HK$1.12 — trading 37.4% below its estimated fair value. The current Debt-to-EBITDA is 17.05, which is 256% above median its 10-year median of 4.79 and 437.9% above the Forest Products industry median of 3.17. China Sunshine Paper Holdings Co.'s overall GF Score™ is 69/100 with 7 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 China Sunshine Paper Holdings Co. (HKSE:02002), the current Debt-to-EBITDA is 17.05 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 China Sunshine Paper Holdings Co. (HKSE:02002) Overvalued in 2026?

Based on GuruFocus' analysis, China Sunshine Paper Holdings Co. stock appears to be undervalued. The current stock price of HK$1.12 is trading 37.4% below its estimated GF Value™ of HK$1.79. GuruFocus considers China Sunshine Paper Holdings Co. to be Possible Value Trap.

Key valuation signals for HKSE:02002:

  • Debt-to-EBITDA: 17.05 (256% above median its 10-year median of 4.79)
  • GF Value™: HK$1.79 vs. price of HK$1.12 (37.4% below fair value)
  • GF Score™: 69/100 with 7 warning signs
  • Industry Position: 437.9% above the Forest Products median (#184 of 209)

No single metric tells the full story. See the HKSE:02002 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Sunshine Paper Holdings Co. Business Description

Address Changle Economic Development Zone, Shandong, Weifang, CHN, 262400
China Sunshine Paper Holdings Co. Ltd is principally engaged in the production & sale of paper products, electricity, & steam. The business activity of the firm is operated through White Top Linerboard, Coated white top liner board, Core Board, Specialised Paper Products, Corrugated Paper, and Electricity & Steam segments. Key revenue is generated from Specialised Paper Products. The company offers products under three categories: Paper, which includes an Uncoated white top test liner, coated white top liner, core board base paper, medium, & specialty paper; Preprint products; & Carton products. Geographically, the company operates in the PRC & Overseas, in which the PRC generates the majority of its revenue.
69GF Score

Get the complete analysis for HKSE:02002

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

HK$1.12
Price
HK$1.79
GF Value