MAANF (Maanshan Iron And Steel Co) Debt-to-EBITDA : 18.82 (As of Mar. 2026) — 467% Above Median

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MAANF Maanshan Iron And Steel Co Ltd MAANF
40 GF Score
Price $0.21
GF Value $0.28
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Maanshan Iron And Steel Co Debt-to-EBITDA?

Maanshan Iron And Steel Co MAANF +0.97% 40 Debt-to-EBITDA is 18.82 as of Mar. 2026, which is 467% above its 10-year median of 3.32. GuruFocus rates MAANF with a GF Score™ of 40/100 and a GF Value™ of $0.28 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 494 Steel companies, Maanshan Iron And Steel Co ranks worse than 93.93% on this metric.

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

Maanshan Iron And Steel Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $2,008 Mil. Maanshan Iron And Steel Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $272 Mil. Maanshan Iron And Steel Co's annualized EBITDA for the quarter that ended in Mar. 2026 was $121 Mil. Maanshan Iron And Steel Co's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 18.81.

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 Maanshan Iron And Steel Co's Debt-to-EBITDA or its related term are showing as below:

MAANF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.42   Med: 3.32   Max: 78.55
Current: 21.19

During the past 13 years, the highest Debt-to-EBITDA Ratio of Maanshan Iron And Steel Co was 78.55. The lowest was 1.42. And the median was 3.32.

MAANF's Debt-to-EBITDA is ranked worse than
93.93% of 494 companies
in the Steel industry
Industry Median: 2.9 vs MAANF: 21.19

Maanshan Iron And Steel Co  (OTCPK:MAANF) 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.


Maanshan Iron And Steel Co Debt-to-EBITDA Related Terms


Maanshan Iron And Steel Co Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Maanshan Iron And Steel Co'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.

Maanshan Iron And Steel Co Debt-to-EBITDA Chart

Maanshan Iron And Steel Co 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 1.58 6.33 7.49 78.55 3.52

Maanshan Iron And Steel Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 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 78.72 17.09 11.05 -14.41 18.82

MAANF vs NUE, STLD, RS: Debt-to-EBITDA Comparison

For the Steel subindustry, Maanshan Iron And Steel Co'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.


Maanshan Iron And Steel Co Debt-to-EBITDA vs Steel Industry

For the Steel industry and Basic Materials sector, Maanshan Iron And Steel Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Maanshan Iron And Steel Co's Debt-to-EBITDA falls into.


MAANF
40GF Score
Maanshan Iron And Steel Co Ltd MAANF
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
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Maanshan Iron And Steel Co Debt-to-EBITDA Calculation

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

Maanshan Iron And Steel Co'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
=(1864.433 + 480.713) / 667.186
=3.51

Maanshan Iron And Steel Co'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
=(2007.782 + 271.72) / 121.156
=18.81

* 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 18.82 mean?
Maanshan Iron And Steel Co (MAANF) has a Debt-to-EBITDA of 18.82 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 Maanshan Iron And Steel Co. This is 467% above median its historical median of 3.32. Over the past decade, Maanshan Iron And Steel Co's Debt-to-EBITDA has ranged from 1.42 to 78.55. According to the industry distribution chart, Maanshan Iron And Steel Co ranks #464 out of 494 companies in the Steel industry, placing it in the top 93.9%.
Is Maanshan Iron And Steel Co's Debt-to-EBITDA too high?
Maanshan Iron And Steel Co's current Debt-to-EBITDA of 18.82 is 467% above median its 10-year median of 3.32. Over the past 10 years, this metric has ranged from a low of 1.42 to a high of 78.55. The Steel industry median Debt-to-EBITDA is 2.90. Maanshan Iron And Steel Co's value of 18.82 is 549% above this industry median. Based on the distribution chart, Maanshan Iron And Steel Co ranks #464 out of 494 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Maanshan Iron And Steel Co has a GF Score™ of 40/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Maanshan Iron And Steel Co's Debt-to-EBITDA compare to NUE and STLD?
According to the Steel industry distribution chart, Maanshan Iron And Steel Co ranks #464 out of 494 companies for Debt-to-EBITDA. This places Maanshan Iron And Steel Co in the lower half of its industry. The industry median Debt-to-EBITDA is 2.90. Maanshan Iron And Steel Co's value of 18.82 is 549% above this benchmark. Historically, Maanshan Iron And Steel Co's own Debt-to-EBITDA has ranged from 1.42 to 78.55 over the past decade. While the company's 10-year median is 3.32 vs. the industry median of 2.90, Maanshan Iron And Steel Co 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 a Steel company?
The median Debt-to-EBITDA among Steel companies is 2.90, based on 494 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. Maanshan Iron And Steel Co's current Debt-to-EBITDA of 18.82 is 549% 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 Maanshan Iron And Steel Co. For the Steel industry, the median Debt-to-EBITDA is 2.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maanshan Iron And Steel Co's current Debt-to-EBITDA is 18.82, which is 467% above median its own 10-year median of 3.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maanshan Iron And Steel Co stock overvalued right now?
Based on GuruFocus' analysis, Maanshan Iron And Steel Co (MAANF) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.28, compared to a current price of $0.21 — trading 24.2% below its estimated fair value. The current Debt-to-EBITDA is 18.82, which is 467% above median its 10-year median of 3.32 and 549% above the Steel industry median of 2.90. Maanshan Iron And Steel Co's overall GF Score™ is 40/100 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 Maanshan Iron And Steel Co (MAANF), the current Debt-to-EBITDA is 18.82 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 Maanshan Iron And Steel Co (MAANF) Overvalued in 2026?

Based on GuruFocus' analysis, Maanshan Iron And Steel Co stock appears to be undervalued. The current stock price of $0.21 is trading 24.2% below its estimated GF Value™ of $0.28. GuruFocus considers Maanshan Iron And Steel Co to be Modestly Undervalued.

Key valuation signals for MAANF:

  • Debt-to-EBITDA: 18.82 (467% above median its 10-year median of 3.32)
  • GF Value™: $0.28 vs. price of $0.21 (24.2% below fair value)
  • GF Score™: 40/100 with 3 warning signs
  • Industry Position: 549% above the Steel median (#464 of 494)

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


Maanshan Iron And Steel Co Business Description

Address No. 8 Jiu Hua Xi Road, Anhui Province, Maanshan, CHN, 243003
Maanshan Iron And Steel Co Ltd produces and sells iron and steel products. Its main production processes include iron making, steel making, steel rolling, etc. The Group's key product is steel, which includes four product series of special steel, wheels and axles, long products, and plates. It offers casting round billet, special steel bar, train wheels, axles, wheelsets, section steel, wire rods, hot-rolled plate and cold-rolled plate coils, galvanized plates, color-coated plates, and other products, which are widely used in aviation, railway, ocean, automobile, household appliance, shipbuilding, construction, machinery manufacturing, and other fields. Geographically, the Group generates maximum revenue from the Chinese Mainland, and the rest from Hong Kong and other overseas markets.
40GF Score

Get the complete analysis for MAANF

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

$0.21
Price
$0.28
GF Value