Ennogie Solar Group AS (OCSE:ESG) Debt-to-EBITDA : -1.32 (As of Mar. 2026)

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.

OCSE:ESG Ennogie Solar Group AS OCSE:ESG
34 GF Score
Price kr1.86
GF Value kr6.39
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Ennogie Solar Group AS Debt-to-EBITDA?

Ennogie Solar Group AS OCSE:ESG -9.27% 34 Debt-to-EBITDA is -1.32 as of Mar. 2026. GuruFocus rates OCSE:ESG with a GF Score™ of 34/100 and a GF Value™ of kr6.39 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 730 Semiconductors companies, Ennogie Solar Group AS ranks worse than 89.86% on this metric.

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

Ennogie Solar Group AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was kr8.63 Mil. Ennogie Solar Group AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was kr7.17 Mil. Ennogie Solar Group AS's annualized EBITDA for the quarter that ended in Mar. 2026 was kr-11.98 Mil. Ennogie Solar Group AS's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was -1.32.

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 Ennogie Solar Group AS's Debt-to-EBITDA or its related term are showing as below:

OCSE:ESG' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -6.2   Med: -0.16   Max: 116.85
Current: 12.43

During the past 13 years, the highest Debt-to-EBITDA Ratio of Ennogie Solar Group AS was 116.85. The lowest was -6.20. And the median was -0.16.

OCSE:ESG's Debt-to-EBITDA is ranked worse than
89.86% of 730 companies
in the Semiconductors industry
Industry Median: 1.455 vs OCSE:ESG: 12.43

Ennogie Solar Group AS  (OCSE:ESG) 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.


Ennogie Solar Group AS Debt-to-EBITDA Related Terms


Ennogie Solar Group AS Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Ennogie Solar Group AS'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.

Ennogie Solar Group AS Debt-to-EBITDA Chart

Ennogie Solar Group AS 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 -0.16 -2.62 -6.20 -1.72 116.85

Ennogie Solar Group AS 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 -1.35 -1.84 -9.89 0.54 -1.32

OCSE:ESG vs FSLR, NXT, ENPH: Debt-to-EBITDA Comparison

For the Solar subindustry, Ennogie Solar Group AS'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.


Ennogie Solar Group AS Debt-to-EBITDA vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Ennogie Solar Group AS's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Ennogie Solar Group AS's Debt-to-EBITDA falls into.


OCSE:ESG
34GF Score
Ennogie Solar Group AS OCSE:ESG
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ennogie Solar Group AS Debt-to-EBITDA Calculation

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

Ennogie Solar Group AS'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
=(7.741 + 9.319) / 0.146
=116.85

Ennogie Solar Group AS'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
=(8.629 + 7.169) / -11.98
=-1.32

* 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 -1.32 mean?
Ennogie Solar Group AS (OCSE:ESG) has a Debt-to-EBITDA of -1.32 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 Ennogie Solar Group AS. According to the industry distribution chart, Ennogie Solar Group AS ranks #656 out of 730 companies in the Semiconductors industry, placing it in the top 89.9%.
Is Ennogie Solar Group AS's Debt-to-EBITDA too high?
Ennogie Solar Group AS's current Debt-to-EBITDA is -1.32. Based on the distribution chart, Ennogie Solar Group AS ranks #656 out of 730 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Ennogie Solar Group AS has a GF Score™ of 34/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ennogie Solar Group AS's Debt-to-EBITDA compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Ennogie Solar Group AS ranks #656 out of 730 companies for Debt-to-EBITDA. This places Ennogie Solar Group AS in the lower half of its industry. The industry median Debt-to-EBITDA is 1.46. 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 Semiconductors company?
The median Debt-to-EBITDA among Semiconductors companies is 1.46, based on 730 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 Ennogie Solar Group AS. For the Semiconductors industry, the median Debt-to-EBITDA is 1.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ennogie Solar Group AS's current Debt-to-EBITDA is -1.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ennogie Solar Group AS stock overvalued right now?
Based on GuruFocus' analysis, Ennogie Solar Group AS (OCSE:ESG) is currently considered Possible Value Trap. The stock's GF Value™ is kr6.39, compared to a current price of kr1.86 — trading 70.9% below its estimated fair value. The current Debt-to-EBITDA is -1.32. Ennogie Solar Group AS's overall GF Score™ is 34/100 with 5 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 Ennogie Solar Group AS (OCSE:ESG), the current Debt-to-EBITDA is -1.32 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 Ennogie Solar Group AS (OCSE:ESG) Overvalued in 2026?

Based on GuruFocus' analysis, Ennogie Solar Group AS stock appears to be undervalued. The current stock price of kr1.86 is trading 70.9% below its estimated GF Value™ of kr6.39. GuruFocus considers Ennogie Solar Group AS to be Possible Value Trap.

Key valuation signals for OCSE:ESG:

  • Debt-to-EBITDA: -1.32
  • GF Value™: kr6.39 vs. price of kr1.86 (70.9% below fair value)
  • GF Score™: 34/100 with 5 warning signs

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


Ennogie Solar Group AS Business Description

Other Exchanges B0W:Germany
Address Orebygardvej 16, Herning, DNK, 7400
Ennogie Solar Group AS is a developer and manufacturer of building-integrated solar roofs. The design of the Ennogie solar roof matches well both for new constructions and older buildings.
34GF Score

Get the complete analysis for OCSE:ESG

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

kr1.86
Price
kr6.39
GF Value