PT Tirta Mahakam Resources Tbk (ISX:TIRT) Debt-to-EBITDA : 31.87 (As of Jun. 2026)

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.

ISX:TIRT PT Tirta Mahakam Resources Tbk ISX:TIRT
14 GF Score
Price Rp590.00
! 5 Warning Signs
View Full Analysis

What is PT Tirta Mahakam Resources Tbk Debt-to-EBITDA?

PT Tirta Mahakam Resources Tbk ISX:TIRT 14 Debt-to-EBITDA is 31.87 as of Jun. 2026. GuruFocus rates ISX:TIRT with a GF Score™ of 14/100. The stock has 5 warning signs investors should review. Among 212 Forest Products companies, PT Tirta Mahakam Resources Tbk ranks worse than 97.64% on this metric.

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

PT Tirta Mahakam Resources Tbk's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was Rp0 Mil. PT Tirta Mahakam Resources Tbk's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was Rp980,650 Mil. PT Tirta Mahakam Resources Tbk's annualized EBITDA for the quarter that ended in Jun. 2026 was Rp30,770 Mil. PT Tirta Mahakam Resources Tbk's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 31.87.

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 PT Tirta Mahakam Resources Tbk's Debt-to-EBITDA or its related term are showing as below:

ISX:TIRT' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -48.67   Med: -7.3   Max: 255.29
Current: 43.17

During the past 13 years, the highest Debt-to-EBITDA Ratio of PT Tirta Mahakam Resources Tbk was 255.29. The lowest was -48.67. And the median was -7.30.

ISX:TIRT's Debt-to-EBITDA is ranked worse than
97.64% of 212 companies
in the Forest Products industry
Industry Median: 3.285 vs ISX:TIRT: 43.17

PT Tirta Mahakam Resources Tbk  (ISX:TIRT) 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.


PT Tirta Mahakam Resources Tbk Debt-to-EBITDA Related Terms


PT Tirta Mahakam Resources Tbk Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for PT Tirta Mahakam Resources Tbk'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.

PT Tirta Mahakam Resources Tbk Debt-to-EBITDA Chart

PT Tirta Mahakam Resources Tbk 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 -7.30 -10.90 -24.39 N/A 255.29

PT Tirta Mahakam Resources Tbk Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only N/A -11.38 9.04 21.80 31.87

ISX:TIRT vs SSD, UFPI, BCC: Debt-to-EBITDA Comparison

For the Lumber & Wood Production subindustry, PT Tirta Mahakam Resources Tbk'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.


PT Tirta Mahakam Resources Tbk Debt-to-EBITDA vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, PT Tirta Mahakam Resources Tbk's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where PT Tirta Mahakam Resources Tbk's Debt-to-EBITDA falls into.


ISX:TIRT
14GF Score
PT Tirta Mahakam Resources Tbk ISX:TIRT
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Tirta Mahakam Resources Tbk Debt-to-EBITDA Calculation

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

PT Tirta Mahakam Resources Tbk'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
=(0 + 973768.752) / 3814.443
=255.28

PT Tirta Mahakam Resources Tbk'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
=(0 + 980650.265) / 30770.18
=31.87

* 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 31.87 mean?
PT Tirta Mahakam Resources Tbk (ISX:TIRT) has a Debt-to-EBITDA of 31.87 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 PT Tirta Mahakam Resources Tbk. According to the industry distribution chart, PT Tirta Mahakam Resources Tbk ranks #207 out of 212 companies in the Forest Products industry, placing it in the top 97.6%.
Is PT Tirta Mahakam Resources Tbk's Debt-to-EBITDA too high?
PT Tirta Mahakam Resources Tbk's current Debt-to-EBITDA is 31.87. The Forest Products industry median Debt-to-EBITDA is 3.29. PT Tirta Mahakam Resources Tbk's value of 31.87 is 870.2% above this industry median. Based on the distribution chart, PT Tirta Mahakam Resources Tbk ranks #207 out of 212 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, PT Tirta Mahakam Resources Tbk has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does PT Tirta Mahakam Resources Tbk's Debt-to-EBITDA compare to SSD and UFPI?
According to the Forest Products industry distribution chart, PT Tirta Mahakam Resources Tbk ranks #207 out of 212 companies for Debt-to-EBITDA. This places PT Tirta Mahakam Resources Tbk in the lower half of its industry. The industry median Debt-to-EBITDA is 3.29. PT Tirta Mahakam Resources Tbk's value of 31.87 is 870.2% above this benchmark. 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 3.29, based on 212 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. PT Tirta Mahakam Resources Tbk's current Debt-to-EBITDA of 31.87 is 870.2% 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 PT Tirta Mahakam Resources Tbk. For the Forest Products industry, the median Debt-to-EBITDA is 3.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Tirta Mahakam Resources Tbk's current Debt-to-EBITDA is 31.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Tirta Mahakam Resources Tbk stock overvalued right now?
PT Tirta Mahakam Resources Tbk (ISX:TIRT) has a current Debt-to-EBITDA of 31.87. The current Debt-to-EBITDA is 31.87 and 870.2% above the Forest Products industry median of 3.29. PT Tirta Mahakam Resources Tbk's overall GF Score™ is 14/100 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 PT Tirta Mahakam Resources Tbk (ISX:TIRT), the current Debt-to-EBITDA is 31.87 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.

PT Tirta Mahakam Resources Tbk Business Description

Address Jalan Letjen Soepeno No. 34, Arteri Permata Hijau, Gapura Prima Office Tower (The Bellezza) 20th Floor, Jakarta Selatan, Jakarta, IDN, 12210
PT Tirta Mahakam Resources Tbk is engaged in the plywood processing industry, producing various types of plywood products. The company's main products are Floorbase, General Plywood, Concrete Panel, Structure Panel, Barecore, Blockboard, Polyester Plywood, and Polyester Blockboard. It has only one reportable segment, which is plywood industry segment.
14GF Score

Get the complete analysis for ISX:TIRT

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

Rp590.00
Price