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ASNOVA CoNGO:9223 18 Debt-to-EBITDA is 3.21 as of Mar. 2026, which is 9% above its 10-year median of 2.94. GuruFocus rates NGO:9223 with a GF Score™ of 18/100. The stock has 7 warning signs investors should review. Among 833 Business Services companies, ASNOVA Co ranks worse than 76.47% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
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 ASNOVA Co's Debt-to-EBITDA or its related term are showing as below:
NGO:9223'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.4 Med: 2.94 Max: 4.96
Current: 3.69
During the past 7 years, the highest Debt-to-EBITDA Ratio of ASNOVA Co was 4.96. The lowest was 2.40. And the median was 2.94.
NGO:9223's Debt-to-EBITDA is ranked worse than 76.47% of 833
companies
in the Business Services industry
Industry Median: 1.67
vs NGO:9223: 3.69
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.
ASNOVA Co Debt-to-EBITDA Related Terms
ASNOVA Co Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for ASNOVA 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.
NGO:9223 vs URI, SUNB, AER: Debt-to-EBITDA Comparison
For the Rental & Leasing Services subindustry, ASNOVA 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.
ASNOVA Co Debt-to-EBITDA vs Business Services Industry
For the Business Services industry and Industrials sector, ASNOVA Co's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where ASNOVA Co's Debt-to-EBITDA falls into.
* 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 (Mar. 2026) EBITDA data.
ASNOVA Co (NGO:9223) has a Debt-to-EBITDA of 3.21 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 ASNOVA Co. This is near median its historical median of 2.94. Over the past decade, ASNOVA Co's Debt-to-EBITDA has ranged from 2.40 to 4.96. According to the industry distribution chart, ASNOVA Co ranks #637 out of 833 companies in the Business Services industry, placing it in the top 76.5%.
Is ASNOVA Co's Debt-to-EBITDA too high?
ASNOVA Co's current Debt-to-EBITDA of 3.21 is near median its 10-year median of 2.94. Over the past 10 years, this metric has ranged from a low of 2.40 to a high of 4.96. The Business Services industry median Debt-to-EBITDA is 1.67. ASNOVA Co's value of 3.21 is 92.2% above this industry median. Based on the distribution chart, ASNOVA Co ranks #637 out of 833 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, ASNOVA Co has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does ASNOVA Co's Debt-to-EBITDA compare to URI and SUNB?
According to the Business Services industry distribution chart, ASNOVA Co ranks #637 out of 833 companies for Debt-to-EBITDA. This places ASNOVA Co in the lower half of its industry. The industry median Debt-to-EBITDA is 1.67. ASNOVA Co's value of 3.21 is 92.2% above this benchmark. Historically, ASNOVA Co's own Debt-to-EBITDA has ranged from 2.40 to 4.96 over the past decade. While the company's 10-year median is 2.94 vs. the industry median of 1.67, ASNOVA 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 Business Services company?
The median Debt-to-EBITDA among Business Services companies is 1.67, based on 833 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. ASNOVA Co's current Debt-to-EBITDA of 3.21 is 92.2% 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 ASNOVA Co. For the Business Services industry, the median Debt-to-EBITDA is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASNOVA Co's current Debt-to-EBITDA is 3.21, which is near median its own 10-year median of 2.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASNOVA Co stock overvalued right now?
ASNOVA Co (NGO:9223) has a current Debt-to-EBITDA of 3.21. The current Debt-to-EBITDA is 3.21, which is near median its 10-year median of 2.94 and 92.2% above the Business Services industry median of 1.67. ASNOVA Co's overall GF Score™ is 18/100 with 7 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 ASNOVA Co (NGO:9223), the current Debt-to-EBITDA is 3.21 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.
ASNOVA Co Ltd is engaged in the temporary equipment rental business, mainly focused on wedge-type scaffolding, which is used for low- to mid-rise buildings, mainly detached houses, and its main features are its high construction efficiency, transportation efficiency, and storage efficiency.
18GF Score
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