Boxer Retail (JSE:BOX) Debt-to-EBITDA : 1.13 (As of Feb. 2026) — 19% Below Median

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JSE:BOX Boxer Retail Ltd JSE:BOX
18 GF Score
Price R78.00
! 4 Warning Signs
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What is Boxer Retail Debt-to-EBITDA?

Boxer Retail JSE:BOX +0.12% 18 Debt-to-EBITDA is 1.13 as of Feb. 2026, which is 19% below its 10-year median of 1.39. GuruFocus rates JSE:BOX with a GF Score™ of 18/100. The stock has 4 warning signs investors should review. Among 903 Retail - Cyclical companies, Boxer Retail ranks better than 70.1% on this metric.

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

Boxer Retail's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2026 was R638 Mil. Boxer Retail's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2026 was R4,833 Mil. Boxer Retail's annualized EBITDA for the quarter that ended in Feb. 2026 was R4,828 Mil. Boxer Retail's annualized Debt-to-EBITDA for the quarter that ended in Feb. 2026 was 1.13.

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 Boxer Retail's Debt-to-EBITDA or its related term are showing as below:

JSE:BOX' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.3   Med: 1.39   Max: 1.6
Current: 1.35

During the past 5 years, the highest Debt-to-EBITDA Ratio of Boxer Retail was 1.60. The lowest was 1.30. And the median was 1.39.

JSE:BOX's Debt-to-EBITDA is ranked better than
70.1% of 903 companies
in the Retail - Cyclical industry
Industry Median: 2.36 vs JSE:BOX: 1.35

Boxer Retail  (JSE:BOX) 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.


Boxer Retail Debt-to-EBITDA Related Terms


Boxer Retail Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Boxer Retail'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.

Boxer Retail Debt-to-EBITDA Chart

Boxer Retail Annual Data
Trend Feb22 Feb23 Feb24 Feb25 Feb26
Debt-to-EBITDA
1.60 1.39 1.30 1.56 1.35

Boxer Retail Semi-Annual Data
Feb22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Debt-to-EBITDA Get a 7-Day Free Trial 1.08 1.78 1.32 1.72 1.13

JSE:BOX vs DDS, M: Debt-to-EBITDA Comparison

For the Department Stores subindustry, Boxer Retail'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.


Boxer Retail Debt-to-EBITDA vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Boxer Retail's Debt-to-EBITDA distribution charts can be found below:

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


JSE:BOX
18GF Score
Boxer Retail Ltd JSE:BOX
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
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Boxer Retail Debt-to-EBITDA Calculation

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

Boxer Retail's Debt-to-EBITDA for the fiscal year that ended in Feb. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(638 + 4833) / 4044
=1.35

Boxer Retail's annualized Debt-to-EBITDA for the quarter that ended in Feb. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(638 + 4833) / 4828
=1.13

* 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 (Feb. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 1.13 mean?
Boxer Retail (JSE:BOX) has a Debt-to-EBITDA of 1.13 as of Feb. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Boxer Retail. This is 19% below median its historical median of 1.39. Over the past decade, Boxer Retail's Debt-to-EBITDA has ranged from 1.30 to 1.60. According to the industry distribution chart, Boxer Retail ranks #270 out of 903 companies in the Retail - Cyclical industry, placing it in the top 29.9%.
Is Boxer Retail's Debt-to-EBITDA too high?
Boxer Retail's current Debt-to-EBITDA of 1.13 is 19% below median its 10-year median of 1.39. Over the past 10 years, this metric has ranged from a low of 1.30 to a high of 1.60. The Retail - Cyclical industry median Debt-to-EBITDA is 2.36. Boxer Retail's value of 1.13 is 52.1% below this industry median. Based on the distribution chart, Boxer Retail ranks #270 out of 903 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Boxer Retail has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Boxer Retail's Debt-to-EBITDA compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, Boxer Retail ranks #270 out of 903 companies for Debt-to-EBITDA. This puts Boxer Retail in the upper half of its industry. The industry median Debt-to-EBITDA is 2.36. Boxer Retail's value of 1.13 is 52.1% below this benchmark. Historically, Boxer Retail's own Debt-to-EBITDA has ranged from 1.30 to 1.60 over the past decade. While the company's 10-year median is 1.39 vs. the industry median of 2.36, Boxer Retail 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 Retail - Cyclical company?
The median Debt-to-EBITDA among Retail - Cyclical companies is 2.36, based on 903 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. Boxer Retail's current Debt-to-EBITDA of 1.13 is 52.1% 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 Boxer Retail. For the Retail - Cyclical industry, the median Debt-to-EBITDA is 2.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Boxer Retail's current Debt-to-EBITDA is 1.13, which is 19% below median its own 10-year median of 1.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boxer Retail stock overvalued right now?
Boxer Retail (JSE:BOX) has a current Debt-to-EBITDA of 1.13. The current Debt-to-EBITDA is 1.13, which is 19% below median its 10-year median of 1.39 and 52.1% below the Retail - Cyclical industry median of 2.36. Boxer Retail's overall GF Score™ is 18/100 with 4 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 Boxer Retail (JSE:BOX), the current Debt-to-EBITDA is 1.13 as of Feb. 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.

Boxer Retail Business Description

Address 41 The Boulevard, PO Box 370, Westend Office Park, Westville, NL, ZAF, 3630
Boxer Retail Ltd is engaged in the retail of food, health and beauty products, general merchandise and liquor, and additional value-added services, in South Africa and Eswatini. The group has one operating segment, namely Boxer Group which includes all retail operations under the Boxer Superstores, Boxer Build and Boxer Liquors brands selling products such as groceries, general merchandise and liquor.
18GF Score

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

R78.00
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