Indus Gas (LSE:INDI) Debt-to-EBITDA : 170.46 (As of Sep. 2025) — 1352% Above Median

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What is Indus Gas Debt-to-EBITDA?

Indus Gas LSE:INDI -32.00% Debt-to-EBITDA is 170.46 as of Sep. 2025, which is 1352% above its 10-year median of 11.74. The stock has 6 warning signs investors should review.

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

Indus Gas's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2025 was £3.47 Mil. Indus Gas's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2025 was £651.09 Mil. Indus Gas's annualized EBITDA for the quarter that ended in Sep. 2025 was £3.84 Mil. Indus Gas's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2025 was 170.46.

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 Indus Gas's Debt-to-EBITDA or its related term are showing as below:

LSE:INDI' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 5.95   Med: 11.74   Max: 28.83
Current: 28.83

During the past 13 years, the highest Debt-to-EBITDA Ratio of Indus Gas was 28.83. The lowest was 5.95. And the median was 11.74.

LSE:INDI's Debt-to-EBITDA is not ranked
in the Oil & Gas industry.
Industry Median: 1.96 vs LSE:INDI: 28.83

Indus Gas  (LSE:INDI) 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.


Indus Gas Debt-to-EBITDA Related Terms


Indus Gas Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Indus Gas'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.

Indus Gas Debt-to-EBITDA Chart

Indus Gas Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.88 16.18 13.69 20.75 5.95

Indus Gas Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
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 16.51 26.95 252.43 3.17 170.46

LSE:INDI vs COP, EOG, FANG: Debt-to-EBITDA Comparison

For the Oil & Gas E&P subindustry, Indus Gas'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.


Indus Gas Debt-to-EBITDA vs Oil & Gas Industry

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

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



Indus Gas Debt-to-EBITDA Calculation

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

Indus Gas's Debt-to-EBITDA for the fiscal year that ended in Mar. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(3.488 + 123.516) / 21.352
=5.95

Indus Gas's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(3.471 + 651.086) / 3.84
=170.46

* 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 (Sep. 2025) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 170.46 mean?
Indus Gas (LSE:INDI) has a Debt-to-EBITDA of 170.46 as of Sep. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Indus Gas. This is 1352% above median its historical median of 11.74. Over the past decade, Indus Gas' Debt-to-EBITDA has ranged from 5.95 to 28.83.
Is Indus Gas' Debt-to-EBITDA too high?
Indus Gas' current Debt-to-EBITDA of 170.46 is 1352% above median its 10-year median of 11.74. Over the past 10 years, this metric has ranged from a low of 5.95 to a high of 28.83. The Oil & Gas industry median Debt-to-EBITDA is 1.96. Indus Gas' value of 170.46 is 8596.9% above this industry median.
How does Indus Gas' Debt-to-EBITDA compare to COP and EOG?
Indus Gas' Debt-to-EBITDA of 170.46 can be compared against companies in the Oil & Gas industry. The industry median Debt-to-EBITDA is 1.96. Indus Gas' value of 170.46 is 8596.9% above this benchmark. Historically, Indus Gas' own Debt-to-EBITDA has ranged from 5.95 to 28.83 over the past decade. While the company's 10-year median is 11.74 vs. the industry median of 1.96, Indus Gas 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 1.96, 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. Indus Gas's current Debt-to-EBITDA of 170.46 is 8596.9% 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 Indus Gas. For the Oil & Gas industry, the median Debt-to-EBITDA is 1.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indus Gas's current Debt-to-EBITDA is 170.46, which is 1352% above median its own 10-year median of 11.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indus Gas stock overvalued right now?
Indus Gas (LSE:INDI) has a current Debt-to-EBITDA of 170.46. The stock's GF Value™ is £0.14, compared to a current price of £0.01 — trading 90.3% below its estimated fair value. The current Debt-to-EBITDA is 170.46, which is 1352% above median its 10-year median of 11.74 and 8596.9% above the Oil & Gas industry median of 1.96. 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 Indus Gas (LSE:INDI), the current Debt-to-EBITDA is 170.46 as of Sep. 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.

Indus Gas Business Description

Industry EnergyOil & Gas
Address Saint Martins House, PO Box 112, Le Bordage, Saint Peter Port, GGY, GY1 4EA
Indus Gas Ltd is an oil and gas exploration and development company. It predominantly operates in India, focusing on exploration, development, production, distribution, and marketing of hydrocarbons, including natural gas. The company holds a participating interest in Block RJ-ON/6, an onshore petroleum concession in Rajasthan, India, covering a large area in the Indus Basin. Its operations involve partnerships with entities like Oil and Natural Gas Corporation Ltd. (ONGC) and Focus Energy Ltd., with ONGC having back-in rights for participating interests in discovered fields. Indus Gas sells natural gas prominently to GAIL (India) Ltd and continues to evaluate other opportunities in the oil and gas sector.