Mare Engineering Group SpA (MIL:MARE) Debt-to-EBITDA : -50.59 (As of Dec. 2025)

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.

MIL:MARE Mare Engineering Group SpA MIL:MARE
12 GF Score
Price €5.38
! 6 Warning Signs
View Full Analysis

What is Mare Engineering Group SpA Debt-to-EBITDA?

Mare Engineering Group SpA MIL:MARE +7.60% 12 Debt-to-EBITDA is -50.59 as of Dec. 2025. GuruFocus rates MIL:MARE with a GF Score™ of 12/100. The stock has 6 warning signs investors should review. Among 1,404 Construction companies, Mare Engineering Group SpA ranks worse than 98.15% on this metric.

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

Mare Engineering Group SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was €28.52 Mil. Mare Engineering Group SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was €81.37 Mil. Mare Engineering Group SpA's annualized EBITDA for the quarter that ended in Dec. 2025 was €-2.17 Mil. Mare Engineering Group SpA's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 was -50.59.

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 Mare Engineering Group SpA's Debt-to-EBITDA or its related term are showing as below:

MIL:MARE' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.73   Med: 3.02   Max: 35.54
Current: 35.54

During the past 5 years, the highest Debt-to-EBITDA Ratio of Mare Engineering Group SpA was 35.54. The lowest was 2.73. And the median was 3.02.

MIL:MARE's Debt-to-EBITDA is ranked worse than
98.15% of 1404 companies
in the Construction industry
Industry Median: 2.15 vs MIL:MARE: 35.54

Mare Engineering Group SpA  (MIL:MARE) 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.


Mare Engineering Group SpA Debt-to-EBITDA Related Terms


Mare Engineering Group SpA Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Mare Engineering Group SpA'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.

Mare Engineering Group SpA Debt-to-EBITDA Chart

Mare Engineering Group SpA Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
3.02 2.95 2.73 4.05 35.54

Mare Engineering Group SpA Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only 1.89 3.14 5.73 5.46 -50.59

MIL:MARE vs PWR, FIX, EME: Debt-to-EBITDA Comparison

For the Engineering & Construction subindustry, Mare Engineering Group SpA'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.


Mare Engineering Group SpA Debt-to-EBITDA vs Construction Industry

For the Construction industry and Industrials sector, Mare Engineering Group SpA's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Mare Engineering Group SpA's Debt-to-EBITDA falls into.


MIL:MARE
12GF Score
Mare Engineering Group SpA MIL:MARE
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mare Engineering Group SpA Debt-to-EBITDA Calculation

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

Mare Engineering Group SpA'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
=(28.517 + 81.371) / 3.092
=35.54

Mare Engineering Group SpA's annualized Debt-to-EBITDA for the quarter 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
=(28.517 + 81.371) / -2.172
=-50.59

* 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 (Dec. 2025) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of -50.59 mean?
Mare Engineering Group SpA (MIL:MARE) has a Debt-to-EBITDA of -50.59 as of Dec. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Mare Engineering Group SpA. Over the past decade, Mare Engineering Group SpA's Debt-to-EBITDA has ranged from 2.73 to 35.54. According to the industry distribution chart, Mare Engineering Group SpA ranks #1378 out of 1404 companies in the Construction industry, placing it in the top 98.1%.
Is Mare Engineering Group SpA's Debt-to-EBITDA too high?
Mare Engineering Group SpA's current Debt-to-EBITDA is -50.59. Over the past 10 years, this metric has ranged from a low of 2.73 to a high of 35.54. Based on the distribution chart, Mare Engineering Group SpA ranks #1378 out of 1404 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Mare Engineering Group SpA has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Mare Engineering Group SpA's Debt-to-EBITDA compare to PWR and FIX?
According to the Construction industry distribution chart, Mare Engineering Group SpA ranks #1378 out of 1404 companies for Debt-to-EBITDA. This places Mare Engineering Group SpA in the lower half of its industry. The industry median Debt-to-EBITDA is 2.15. Historically, Mare Engineering Group SpA's own Debt-to-EBITDA has ranged from 2.73 to 35.54 over the past decade. 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 Construction company?
The median Debt-to-EBITDA among Construction companies is 2.15, based on 1,404 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. 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 Mare Engineering Group SpA. For the Construction industry, the median Debt-to-EBITDA is 2.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mare Engineering Group SpA's current Debt-to-EBITDA is -50.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mare Engineering Group SpA stock overvalued right now?
Mare Engineering Group SpA (MIL:MARE) has a current Debt-to-EBITDA of -50.59. The current Debt-to-EBITDA is -50.59. Mare Engineering Group SpA's overall GF Score™ is 12/100 with 6 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 Mare Engineering Group SpA (MIL:MARE), the current Debt-to-EBITDA is -50.59 as of Dec. 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.

Mare Engineering Group SpA Business Description

Other Exchanges EZ3:Germany
Address Via ex Aeroporto, snc, c/o Il Sole Consortium, Lot XI, Pomigliano d'Arc, Naples, ITA, 80038
Mare Engineering Group SpA is an engineering consultancy company that has an objective to deliver engineering services to large companies.
12GF Score

Get the complete analysis for MIL:MARE

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

€5.38
Price