Eqva ASA (LTS:0QWR) Debt-to-EBITDA : 13.99 (As of Mar. 2026) — 865% 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.

LTS:0QWR Eqva ASA LTS:0QWR
54 GF Score
Price kr3.10
GF Value kr5.84
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Eqva ASA Debt-to-EBITDA?

Eqva ASA LTS:0QWR -0.96% 54 Debt-to-EBITDA is 13.99 as of Mar. 2026, which is 865% above its 10-year median of 1.45. GuruFocus rates LTS:0QWR with a GF Score™ of 54/100 and a GF Value™ of kr5.84 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 348 Utilities - Independent Power Producers companies, Eqva ASA ranks worse than 69.83% on this metric.

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

Eqva ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was kr19 Mil. Eqva ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was kr574 Mil. Eqva ASA's annualized EBITDA for the quarter that ended in Mar. 2026 was kr42 Mil. Eqva ASA's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 13.99.

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 Eqva ASA's Debt-to-EBITDA or its related term are showing as below:

LTS:0QWR' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -8.18   Med: 1.45   Max: 24.43
Current: 7.73

During the past 13 years, the highest Debt-to-EBITDA Ratio of Eqva ASA was 24.43. The lowest was -8.18. And the median was 1.45.

LTS:0QWR's Debt-to-EBITDA is ranked worse than
69.83% of 348 companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.85 vs LTS:0QWR: 7.73

Eqva ASA  (LTS:0QWR) 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.


Eqva ASA Debt-to-EBITDA Related Terms


Eqva ASA Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Eqva ASA'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.

Eqva ASA Debt-to-EBITDA Chart

Eqva ASA 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 0.05 -7.76 13.50 2.84 3.83

Eqva ASA Quarterly Data
Jun20 Sep20 Dec20 Jun21 Dec21 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 5.53 5.79 3.59 3.02 13.99

Eqva ASA Debt-to-EBITDA Competitor Comparison

For the Utilities - Renewable subindustry, Eqva ASA'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.


Eqva ASA Debt-to-EBITDA vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Eqva ASA's Debt-to-EBITDA distribution charts can be found below:

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


LTS:0QWR
54GF Score
Eqva ASA LTS:0QWR
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Eqva ASA Debt-to-EBITDA Calculation

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

Eqva ASA'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
=(128.979 + 214.839) / 89.71
=3.83

Eqva ASA's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(19.1 + 574.1) / 42.4
=13.99

* 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 (Mar. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 13.99 mean?
Eqva ASA (LTS:0QWR) has a Debt-to-EBITDA of 13.99 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Eqva ASA. This is 865% above median its historical median of 1.45. According to the industry distribution chart, Eqva ASA ranks #243 out of 348 companies in the Utilities - Independent Power Producers industry, placing it in the top 69.8%.
Is Eqva ASA's Debt-to-EBITDA too high?
Eqva ASA's current Debt-to-EBITDA of 13.99 is 865% above median its 10-year median of 1.45. The Utilities - Independent Power Producers industry median Debt-to-EBITDA is 4.85. Eqva ASA's value of 13.99 is 188.5% above this industry median. Based on the distribution chart, Eqva ASA ranks #243 out of 348 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Eqva ASA has a GF Score™ of 54/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Eqva ASA's Debt-to-EBITDA compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Eqva ASA ranks #243 out of 348 companies for Debt-to-EBITDA. This places Eqva ASA in the lower half of its industry. The industry median Debt-to-EBITDA is 4.85. Eqva ASA's value of 13.99 is 188.5% above this benchmark. While the company's 10-year median is 1.45 vs. the industry median of 4.85, Eqva ASA 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 Utilities - Independent Power Producers company?
The median Debt-to-EBITDA among Utilities - Independent Power Producers companies is 4.85, based on 348 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. Eqva ASA's current Debt-to-EBITDA of 13.99 is 188.5% 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 Eqva ASA. For the Utilities - Independent Power Producers industry, the median Debt-to-EBITDA is 4.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eqva ASA's current Debt-to-EBITDA is 13.99, which is 865% above median its own 10-year median of 1.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eqva ASA stock overvalued right now?
Based on GuruFocus' analysis, Eqva ASA (LTS:0QWR) is currently considered Significantly Undervalued. The stock's GF Value™ is kr5.84, compared to a current price of kr3.10 — trading 46.9% below its estimated fair value. The current Debt-to-EBITDA is 13.99, which is 865% above median its 10-year median of 1.45 and 188.5% above the Utilities - Independent Power Producers industry median of 4.85. Eqva ASA's overall GF Score™ is 54/100 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 Eqva ASA (LTS:0QWR), the current Debt-to-EBITDA is 13.99 as of Mar. 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.

Is Eqva ASA (LTS:0QWR) Overvalued in 2026?

Based on GuruFocus' analysis, Eqva ASA stock appears to be undervalued. The current stock price of kr3.10 is trading 46.9% below its estimated GF Value™ of kr5.84. GuruFocus considers Eqva ASA to be Significantly Undervalued.

Key valuation signals for LTS:0QWR:

  • Debt-to-EBITDA: 13.99 (865% above median its 10-year median of 1.45)
  • GF Value™: kr5.84 vs. price of kr3.10 (46.9% below fair value)
  • GF Score™: 54/100 with 3 warning signs
  • Industry Position: 188.5% above the Utilities - Independent Power Producers median (#243 of 348)

No single metric tells the full story. See the LTS:0QWR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Eqva ASA Business Description

Address Handelandsvegen 75, Valen, NOR, 5451
Eqva ASA is a Norway-based industrial investment company that acquires and develops companies providing productive, safe, and sustainable services and solutions to industrial customers. The Group operates through three main business segments: Industrial Solutions, Renewables, and Real Estate. The Industrial Solutions segment, which generates the majority of revenue, provides mechanical and electrical industrial services through companies including BKS Group, IMTAS Group, Austevoll Rorteknikk, and Kvinnherad Elektro. The Renewables segment develops and operates small-scale hydropower plants in Norway through Fossberg Kraft. The Real Estate segment includes the Group's real estate properties and development plans.
54GF Score

Get the complete analysis for LTS:0QWR

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

kr3.10
Price
kr5.84
GF Value