Norsk Hydro ASA (OSL:NHY) Debt-to-EBITDA : (As of Jun. 2026)

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OSL:NHY Norsk Hydro ASA OSL:NHY
90 GF Score
Price kr84.76
GF Value kr71.76
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Norsk Hydro ASA Debt-to-EBITDA?

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

Norsk Hydro ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was kr6,686 Mil. Norsk Hydro ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was kr29,040 Mil. Norsk Hydro ASA's annualized EBITDA for the quarter that ended in Jun. 2026 was kr45,320 Mil. Norsk Hydro ASA's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 0.79.

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 Norsk Hydro ASA's Debt-to-EBITDA or its related term are showing as below:

OSL:NHY' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.44   Med: 1.32   Max: 2.75
Current: 1.22

During the past 13 years, the highest Debt-to-EBITDA Ratio of Norsk Hydro ASA was 2.75. The lowest was 0.44. And the median was 1.32.

OSL:NHY's Debt-to-EBITDA is ranked worse than
53.58% of 614 companies
in the Metals & Mining industry
Industry Median: 1.03 vs OSL:NHY: 1.22

Norsk Hydro ASA  (OSL:NHY) 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.

Norsk Hydro ASA Debt-to-EBITDA Related Terms

Norsk Hydro ASA Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Norsk Hydro ASA'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.

Norsk Hydro ASA Debt-to-EBITDA Chart

Norsk Hydro ASA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
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Norsk Hydro ASA Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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OSL:NHY vs AA, CENX: Debt-to-EBITDA Comparison

For the Aluminum subindustry, Norsk Hydro ASA'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.

Norsk Hydro ASA Debt-to-EBITDA vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Norsk Hydro ASA's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Norsk Hydro ASA's Debt-to-EBITDA falls into.


OSL:NHY
90GF Score
Norsk Hydro ASA OSL:NHY
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
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Norsk Hydro ASA Debt-to-EBITDA Calculation

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

Norsk Hydro ASA'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
=(8149 + 28425) / 26186
=1.40

Norsk Hydro ASA's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(6686 + 29040) / 45320
=0.79

* 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 (Jun. 2026) EBITDA data.

Is Norsk Hydro ASA (OSL:NHY) Overvalued in 2026?

Based on GuruFocus' analysis, Norsk Hydro ASA stock appears to be overvalued. The current stock price of kr84.76 is trading 18.1% above its estimated GF Value™ of kr71.76. GuruFocus considers Norsk Hydro ASA to be Modestly Overvalued.

Key valuation signals for OSL:NHY:

  • Debt-to-EBITDA:
  • GF Value™: kr71.76 vs. price of kr84.76 (18.1% above fair value)
  • GF Score™: 90/100 with 2 warning signs

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

Norsk Hydro ASA Business Description

Address Drammensveien 264, Oslo, NOR, NO-0283
Norsk Hydro ASA is an aluminium and renewable energy company. The company owns and operates businesses and holds investments in sustainable industries. Its operations span multiple market segments, including aluminum, energy, metal recycling, renewable energy, and batteries, providing expertise across these areas. The company's reportable segments are Hydro Bauxite & Alumina, Hydro Energy, Hydro Aluminium Metal and Hydro Extrusions and Hydro Metal Markets activities. The majority of the company's revenue is derived from the Hydro Extrusions segment, which delivers products within extruded profiles, building systems and precision tubing, and operates several recycling facilities, both integrated with its extrusion plants and separate plants.
90GF Score

Get the complete analysis for OSL:NHY

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

kr84.76
Price
kr71.76
GF Value