HMH (HMH Holding) Debt-to-EBITDA : 5.45 (As of Jun. 2026) — 93% Above Median

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.

HMH HMH Holding Inc HMH
16 GF Score
Price $18.80
! 3 Warning Signs
View Full Analysis

What is HMH Holding Debt-to-EBITDA?

HMH Holding HMH -1.55% 16 Debt-to-EBITDA is 5.45 as of Jun. 2026, which is 93% above its 10-year median of 2.82. GuruFocus rates HMH with a GF Score™ of 16/100. The stock has 3 warning signs investors should review. Among 718 Oil & Gas companies, HMH Holding ranks worse than 54.04% on this metric.

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

HMH Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $8.2 Mil. HMH Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $236.8 Mil. HMH Holding's annualized EBITDA for the quarter that ended in Jun. 2026 was $45.0 Mil. HMH Holding's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 5.45.

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

HMH' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.8   Med: 2.82   Max: 6.08
Current: 2.16

During the past 4 years, the highest Debt-to-EBITDA Ratio of HMH Holding was 6.08. The lowest was 1.80. And the median was 2.82.

HMH's Debt-to-EBITDA is ranked worse than
54.04% of 718 companies
in the Oil & Gas industry
Industry Median: 1.91 vs HMH: 2.16

HMH Holding  (NAS:HMH) 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.


HMH Holding Debt-to-EBITDA Related Terms


HMH Holding Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for HMH Holding'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.

HMH Holding Debt-to-EBITDA Chart

HMH Holding Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
6.08 3.17 2.47 1.80

HMH Holding Quarterly Data
Dec22 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.05 2.27 1.90 3.60 5.45

HMH vs SND, OMSE, STAK: Debt-to-EBITDA Comparison

For the Oil & Gas Equipment & Services subindustry, HMH Holding'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.


HMH Holding Debt-to-EBITDA vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, HMH Holding's Debt-to-EBITDA distribution charts can be found below:

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


HMH
16GF Score
HMH Holding Inc HMH
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HMH Holding Debt-to-EBITDA Calculation

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

HMH Holding'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
=(11.185 + 235.558) / 137.216
=1.80

HMH Holding's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(8.191 + 236.832) / 44.956
=5.45

* 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 four times the quarterly (Jun. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 5.45 mean?
HMH Holding (HMH) has a Debt-to-EBITDA of 5.45 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 HMH Holding. This is 93% above median its historical median of 2.82. Over the past decade, HMH Holding's Debt-to-EBITDA has ranged from 1.80 to 6.08. According to the industry distribution chart, HMH Holding ranks #388 out of 718 companies in the Oil & Gas industry, placing it in the top 54%.
Is HMH Holding's Debt-to-EBITDA too high?
HMH Holding's current Debt-to-EBITDA of 5.45 is 93% above median its 10-year median of 2.82. Over the past 10 years, this metric has ranged from a low of 1.80 to a high of 6.08. The Oil & Gas industry median Debt-to-EBITDA is 1.91. HMH Holding's value of 5.45 is 185.3% above this industry median. Based on the distribution chart, HMH Holding ranks #388 out of 718 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, HMH Holding has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does HMH Holding's Debt-to-EBITDA compare to SND and OMSE?
According to the Oil & Gas industry distribution chart, HMH Holding ranks #388 out of 718 companies for Debt-to-EBITDA. This places HMH Holding in the lower half of its industry. The industry median Debt-to-EBITDA is 1.91. HMH Holding's value of 5.45 is 185.3% above this benchmark. Historically, HMH Holding's own Debt-to-EBITDA has ranged from 1.80 to 6.08 over the past decade. While the company's 10-year median is 2.82 vs. the industry median of 1.91, HMH Holding 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 an Oil & Gas company?
The median Debt-to-EBITDA among Oil & Gas companies is 1.91, based on 718 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. HMH Holding's current Debt-to-EBITDA of 5.45 is 185.3% 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 HMH Holding. For the Oil & Gas industry, the median Debt-to-EBITDA is 1.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HMH Holding's current Debt-to-EBITDA is 5.45, which is 93% above median its own 10-year median of 2.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HMH Holding stock overvalued right now?
HMH Holding (HMH) has a current Debt-to-EBITDA of 5.45. The current Debt-to-EBITDA is 5.45, which is 93% above median its 10-year median of 2.82 and 185.3% above the Oil & Gas industry median of 1.91. HMH Holding's overall GF Score™ is 16/100 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 HMH Holding (HMH), the current Debt-to-EBITDA is 5.45 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.

HMH Holding Business Description

Industry EnergyOil & Gas
Address 3300 North Sam Houston Parkway Eastt, Houston, TX, USA, 77032
HMH Holding Inc is a provider of highly engineered, mission-critical equipment solutions, providing customers with a comprehensive portfolio of drilling equipment, services and systems utilized in oil and gas drilling operations, both offshore and onshore.
16GF Score

Get the complete analysis for HMH

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

$18.80
Price