Northbaze Group AB (OSTO:NBZ) Debt-to-EBITDA : 2.33 (As of Sep. 2025) — 96% Above Median

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OSTO:NBZ Northbaze Group AB OSTO:NBZ
50 GF Score
Price kr0.12
GF Value kr0.63
! 3 Warning Signs
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What is Northbaze Group AB Debt-to-EBITDA?

Northbaze Group AB OSTO:NBZ 50 Debt-to-EBITDA is 2.33 as of Sep. 2025, which is 96% above its 10-year median of 1.19. GuruFocus rates OSTO:NBZ with a GF Score™ of 50/100 and a GF Value™ of kr0.63. The stock has 3 warning signs investors should review.

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

Northbaze Group AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2025 was kr26.9 Mil. Northbaze Group AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2025 was kr12.6 Mil. Northbaze Group AB's annualized EBITDA for the quarter that ended in Sep. 2025 was kr17.0 Mil. Northbaze Group AB's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2025 was 2.33.

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 Northbaze Group AB's Debt-to-EBITDA or its related term are showing as below:

OSTO:NBZ' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -2.01   Med: 1.19   Max: 79.05
Current: 15.56

During the past 13 years, the highest Debt-to-EBITDA Ratio of Northbaze Group AB was 79.05. The lowest was -2.01. And the median was 1.19.

OSTO:NBZ's Debt-to-EBITDA is not ranked
in the Hardware industry.
Industry Median: 1.71 vs OSTO:NBZ: 15.56

Northbaze Group AB  (OSTO:NBZ) 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.


Northbaze Group AB Debt-to-EBITDA Related Terms


Northbaze Group AB Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Northbaze Group AB'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.

Northbaze Group AB Debt-to-EBITDA Chart

Northbaze Group AB Annual Data
Trend Apr15 Apr16 Apr17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.20 79.05 21.18 11.93 2.48

Northbaze Group AB Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 6.90 -13.02 -2.88 4.32 2.33

OSTO:NBZ vs AAPL: Debt-to-EBITDA Comparison

For the Consumer Electronics subindustry, Northbaze Group AB'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.


Northbaze Group AB Debt-to-EBITDA vs Hardware Industry

For the Hardware industry and Technology sector, Northbaze Group AB's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Northbaze Group AB's Debt-to-EBITDA falls into.


OSTO:NBZ
50GF Score
Northbaze Group AB OSTO:NBZ
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Northbaze Group AB Debt-to-EBITDA Calculation

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

Northbaze Group AB's Debt-to-EBITDA for the fiscal year that ended in Dec. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(14.942 + 17.128) / 12.918
=2.48

Northbaze Group AB's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(26.853 + 12.623) / 16.976
=2.33

* 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 (Sep. 2025) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 2.33 mean?
Northbaze Group AB (OSTO:NBZ) has a Debt-to-EBITDA of 2.33 as of Sep. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Northbaze Group AB. This is 96% above median its historical median of 1.19.
Is Northbaze Group AB's Debt-to-EBITDA too high?
Northbaze Group AB's current Debt-to-EBITDA of 2.33 is 96% above median its 10-year median of 1.19. The Hardware industry median Debt-to-EBITDA is 1.71. Northbaze Group AB's value of 2.33 is 36.3% above this industry median. Overall, Northbaze Group AB has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does Northbaze Group AB's Debt-to-EBITDA compare to AAPL?
Northbaze Group AB's Debt-to-EBITDA of 2.33 can be compared against companies in the Hardware industry. The industry median Debt-to-EBITDA is 1.71. Northbaze Group AB's value of 2.33 is 36.3% above this benchmark. While the company's 10-year median is 1.19 vs. the industry median of 1.71, Northbaze Group AB 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 Hardware company?
The median Debt-to-EBITDA among Hardware companies is 1.71, based on 1,799 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. Northbaze Group AB's current Debt-to-EBITDA of 2.33 is 36.3% 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 Northbaze Group AB. For the Hardware industry, the median Debt-to-EBITDA is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northbaze Group AB's current Debt-to-EBITDA is 2.33, which is 96% above median its own 10-year median of 1.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northbaze Group AB stock overvalued right now?
Northbaze Group AB (OSTO:NBZ) has a current Debt-to-EBITDA of 2.33. The stock's GF Value™ is kr0.63, compared to a current price of kr0.12 — trading 81% below its estimated fair value. The current Debt-to-EBITDA is 2.33, which is 96% above median its 10-year median of 1.19 and 36.3% above the Hardware industry median of 1.71. Northbaze Group AB's overall GF Score™ is 50/100 with 3 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 Northbaze Group AB (OSTO:NBZ), the current Debt-to-EBITDA is 2.33 as of Sep. 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.

Is Northbaze Group AB (OSTO:NBZ) Overvalued in 2026?

Based on GuruFocus' analysis, Northbaze Group AB stock appears to be undervalued. The current stock price of kr0.12 is trading 81% below its estimated GF Value™ of kr0.63.

Key valuation signals for OSTO:NBZ:

  • Debt-to-EBITDA: 2.33 (96% above median its 10-year median of 1.19)
  • GF Value™: kr0.63 vs. price of kr0.12 (81% below fair value)
  • GF Score™: 50/100 with 3 warning signs
  • Industry Position: 36.3% above the Hardware median

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


Northbaze Group AB Business Description

Address Kumla-Frasses gata 2A, Kumla, Orebro, SWE, 692 23
Northbaze Group AB is engaged in sales, development, marketing and support of audio products, as well as owns and manages shares in subsidiaries, manage trademarks, design protection and patents. The company develops, designs and produces headphones, speakers and tech accessories under different brands. The brand portfolio currently consists of the brands Jays Headphones, KAVAJ and Krusell.
50GF Score

Get the complete analysis for OSTO:NBZ

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

kr0.12
Price
kr0.63
GF Value