Thinking Hats Entertainment Solutions (NSE:THESL) Debt-to-EBITDA : 4.21 (As of Mar. 2026) — 205% Above Median

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NSE:THESL Thinking Hats Entertainment Solutions Ltd NSE:THESL
16 GF Score
Price ₹19.20
! 7 Warning Signs
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What is Thinking Hats Entertainment Solutions Debt-to-EBITDA?

Thinking Hats Entertainment Solutions NSE:THESL -3.76% 16 Debt-to-EBITDA is 4.21 as of Mar. 2026, which is 205% above its 10-year median of 1.38. GuruFocus rates NSE:THESL with a GF Score™ of 16/100. The stock has 7 warning signs investors should review. Among 680 Media - Diversified companies, Thinking Hats Entertainment Solutions ranks worse than 71.18% on this metric.

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

Thinking Hats Entertainment Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₹87.7 Mil. Thinking Hats Entertainment Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₹20.5 Mil. Thinking Hats Entertainment Solutions's annualized EBITDA for the quarter that ended in Mar. 2026 was ₹25.7 Mil. Thinking Hats Entertainment Solutions's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 4.21.

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 Thinking Hats Entertainment Solutions's Debt-to-EBITDA or its related term are showing as below:

NSE:THESL' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.54   Med: 1.38   Max: 3.8
Current: 3.8

During the past 5 years, the highest Debt-to-EBITDA Ratio of Thinking Hats Entertainment Solutions was 3.80. The lowest was 0.54. And the median was 1.38.

NSE:THESL's Debt-to-EBITDA is ranked worse than
71.18% of 680 companies
in the Media - Diversified industry
Industry Median: 1.59 vs NSE:THESL: 3.80

Thinking Hats Entertainment Solutions  (NSE:THESL) 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.


Thinking Hats Entertainment Solutions Debt-to-EBITDA Related Terms


Thinking Hats Entertainment Solutions Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Thinking Hats Entertainment Solutions'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.

Thinking Hats Entertainment Solutions Debt-to-EBITDA Chart

Thinking Hats Entertainment Solutions Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-EBITDA
0.54 1.38 1.07 2.09 3.80

Thinking Hats Entertainment Solutions Semi-Annual Data
Mar22 Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Debt-to-EBITDA Get a 7-Day Free Trial N/A 0.00 1.52 3.44 4.21

NSE:THESL vs APP, OMC, TTD: Debt-to-EBITDA Comparison

For the Advertising Agencies subindustry, Thinking Hats Entertainment Solutions'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.


Thinking Hats Entertainment Solutions Debt-to-EBITDA vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Thinking Hats Entertainment Solutions's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Thinking Hats Entertainment Solutions's Debt-to-EBITDA falls into.


NSE:THESL
16GF Score
Thinking Hats Entertainment Solutions Ltd NSE:THESL
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
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Thinking Hats Entertainment Solutions Debt-to-EBITDA Calculation

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

Thinking Hats Entertainment Solutions's Debt-to-EBITDA for the fiscal year 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
=(87.718 + 20.487) / 28.456
=3.80

Thinking Hats Entertainment Solutions'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
=(87.718 + 20.487) / 25.694
=4.21

* 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.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 4.21 mean?
Thinking Hats Entertainment Solutions (NSE:THESL) has a Debt-to-EBITDA of 4.21 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 Thinking Hats Entertainment Solutions. This is 205% above median its historical median of 1.38. Over the past decade, Thinking Hats Entertainment Solutions' Debt-to-EBITDA has ranged from 0.54 to 3.80. According to the industry distribution chart, Thinking Hats Entertainment Solutions ranks #484 out of 680 companies in the Media - Diversified industry, placing it in the top 71.2%.
Is Thinking Hats Entertainment Solutions' Debt-to-EBITDA too high?
Thinking Hats Entertainment Solutions' current Debt-to-EBITDA of 4.21 is 205% above median its 10-year median of 1.38. Over the past 10 years, this metric has ranged from a low of 0.54 to a high of 3.80. The Media - Diversified industry median Debt-to-EBITDA is 1.59. Thinking Hats Entertainment Solutions' value of 4.21 is 164.8% above this industry median. Based on the distribution chart, Thinking Hats Entertainment Solutions ranks #484 out of 680 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, Thinking Hats Entertainment Solutions has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Thinking Hats Entertainment Solutions' Debt-to-EBITDA compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Thinking Hats Entertainment Solutions ranks #484 out of 680 companies for Debt-to-EBITDA. This places Thinking Hats Entertainment Solutions in the lower half of its industry. The industry median Debt-to-EBITDA is 1.59. Thinking Hats Entertainment Solutions' value of 4.21 is 164.8% above this benchmark. Historically, Thinking Hats Entertainment Solutions' own Debt-to-EBITDA has ranged from 0.54 to 3.80 over the past decade. While the company's 10-year median is 1.38 vs. the industry median of 1.59, Thinking Hats Entertainment Solutions 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 Media - Diversified company?
The median Debt-to-EBITDA among Media - Diversified companies is 1.59, based on 680 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. Thinking Hats Entertainment Solutions's current Debt-to-EBITDA of 4.21 is 164.8% 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 Thinking Hats Entertainment Solutions. For the Media - Diversified industry, the median Debt-to-EBITDA is 1.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thinking Hats Entertainment Solutions's current Debt-to-EBITDA is 4.21, which is 205% above median its own 10-year median of 1.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thinking Hats Entertainment Solutions stock overvalued right now?
Thinking Hats Entertainment Solutions (NSE:THESL) has a current Debt-to-EBITDA of 4.21. The current Debt-to-EBITDA is 4.21, which is 205% above median its 10-year median of 1.38 and 164.8% above the Media - Diversified industry median of 1.59. Thinking Hats Entertainment Solutions' overall GF Score™ is 16/100 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 Thinking Hats Entertainment Solutions (NSE:THESL), the current Debt-to-EBITDA is 4.21 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.

Thinking Hats Entertainment Solutions Business Description

Address 5th Floor, B 9 Pinnacle Business, Park Sector 3 Noida, Gautam Buddha Nagar, Noida, UP, IND, 201301
Thinking Hats Entertainment Solutions Ltd is a concept development, event design and production company that specializes in live events, corporate, MICE (Meetings, Incentives, Conferences and Exhibitions), social and virtual events to an OTT content production and experiential marketing company with a focus on content development, intellectual property curation and tech centric product development. The company operates in two reportable segment (Business segment) i.e. Event Management and OTT Sales. Key revenue is generated from Event Management segment.
16GF Score

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

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