RAY (Raytech Holding) Debt-to-EBITDA : 0.46 (As of Mar. 2026) — 2200% Above Median

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.

RAY Raytech Holding Ltd RAY
44 GF Score
Price $2.68
! 7 Warning Signs
View Full Analysis

What is Raytech Holding Debt-to-EBITDA?

Raytech Holding RAY 44 Debt-to-EBITDA is 0.46 as of Mar. 2026, which is 2200% above its 10-year median of 0.02. GuruFocus rates RAY with a GF Score™ of 44/100. The stock has 7 warning signs investors should review. Among 1,563 Consumer Packaged Goods companies, Raytech Holding ranks better than 73.32% on this metric.

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

Raytech Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $0.00 Mil. Raytech Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $1.86 Mil. Raytech Holding's annualized EBITDA for the quarter that ended in Mar. 2026 was $4.06 Mil. Raytech Holding's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 0.46.

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 Raytech Holding's Debt-to-EBITDA or its related term are showing as below:

RAY' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.01   Med: 0.02   Max: 0.71
Current: 0.71

During the past 6 years, the highest Debt-to-EBITDA Ratio of Raytech Holding was 0.71. The lowest was 0.01. And the median was 0.02.

RAY's Debt-to-EBITDA is ranked better than
73.32% of 1563 companies
in the Consumer Packaged Goods industry
Industry Median: 2.09 vs RAY: 0.71

Raytech Holding  (NAS:RAY) 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.


Raytech Holding Debt-to-EBITDA Related Terms


Raytech Holding Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Raytech Holding'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.

Raytech Holding Debt-to-EBITDA Chart

Raytech Holding Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-EBITDA
Get a 7-Day Free Trial 0.02 0.01 0.00 0.00 0.70

Raytech Holding Semi-Annual Data
Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.46

RAY vs ADTI, DSY, PURE: Debt-to-EBITDA Comparison

For the Household & Personal Products subindustry, Raytech Holding'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.


Raytech Holding Debt-to-EBITDA vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Raytech Holding's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Raytech Holding's Debt-to-EBITDA falls into.


RAY
44GF Score
Raytech Holding Ltd RAY
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Raytech Holding Debt-to-EBITDA Calculation

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

Raytech Holding'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
=(0 + 1.859) / 2.661
=0.70

Raytech Holding'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
=(0 + 1.859) / 4.062
=0.46

* 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 0.46 mean?
Raytech Holding (RAY) has a Debt-to-EBITDA of 0.46 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 Raytech Holding. This is 2200% above median its historical median of 0.02. Over the past decade, Raytech Holding's Debt-to-EBITDA has ranged from 0.01 to 0.71. According to the industry distribution chart, Raytech Holding ranks #417 out of 1563 companies in the Consumer Packaged Goods industry, placing it in the top 26.7%.
Is Raytech Holding's Debt-to-EBITDA too high?
Raytech Holding's current Debt-to-EBITDA of 0.46 is 2200% above median its 10-year median of 0.02. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.71. The Consumer Packaged Goods industry median Debt-to-EBITDA is 2.09. Raytech Holding's value of 0.46 is 78% below this industry median. Based on the distribution chart, Raytech Holding ranks #417 out of 1563 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Raytech Holding has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does Raytech Holding's Debt-to-EBITDA compare to ADTI and DSY?
According to the Consumer Packaged Goods industry distribution chart, Raytech Holding ranks #417 out of 1563 companies for Debt-to-EBITDA. This puts Raytech Holding in the upper half of its industry. The industry median Debt-to-EBITDA is 2.09. Raytech Holding's value of 0.46 is 78% below this benchmark. Historically, Raytech Holding's own Debt-to-EBITDA has ranged from 0.01 to 0.71 over the past decade. While the company's 10-year median is 0.02 vs. the industry median of 2.09, Raytech Holding has consistently been below 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 Consumer Packaged Goods company?
The median Debt-to-EBITDA among Consumer Packaged Goods companies is 2.09, based on 1,563 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. Raytech Holding's current Debt-to-EBITDA of 0.46 is 78% below 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 Raytech Holding. For the Consumer Packaged Goods industry, the median Debt-to-EBITDA is 2.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Raytech Holding's current Debt-to-EBITDA is 0.46, which is 2200% above median its own 10-year median of 0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Raytech Holding stock overvalued right now?
Raytech Holding (RAY) has a current Debt-to-EBITDA of 0.46. The current Debt-to-EBITDA is 0.46, which is 2200% above median its 10-year median of 0.02 and 78% below the Consumer Packaged Goods industry median of 2.09. Raytech Holding's overall GF Score™ is 44/100 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 Raytech Holding (RAY), the current Debt-to-EBITDA is 0.46 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.

Raytech Holding Business Description

Address No.19 Lam Lok Street, Unit 609, 6th Floor, Nan Fung Commercial Centre, Kowloon Bay, Hong Kong, HKG
Raytech Holding Ltd is principally engaged in product designing and manufacturing of various product ranges such as Hair Care, Men's Care and Women's Care products. It has sourced and wholesaled a wide range of personal care electrical appliances, which can be broadly classified into seven categories: hair styling series, including hair dryer, hair straightener and curling iron; trimmer series, including facial shaver, nose trimmer and eyebrow trimmer; eyelash curler; neck care series; nail care series; tooling and other personal care appliances such as body and facial brush, reset brush, callus remover, sonic peeling, handy fan and others. Raytech manufactures products under OEM and ODM.
44GF Score

Get the complete analysis for RAY

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

$2.68
Price