ICARES Medicus (ROCO:6612) Debt-to-EBITDA : 2.19 (As of Jun. 2026) — 606% Above Median

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ROCO:6612 ICARES Medicus Inc ROCO:6612
87 GF Score
Price NT$72.10
GF Value NT$153.08
Valuation Significantly Undervalued
! 7 Warning Signs
View Full Analysis

What is ICARES Medicus Debt-to-EBITDA?

ICARES Medicus ROCO:6612 +3.00% 87 Debt-to-EBITDA is 2.19 as of Jun. 2026, which is 606% above its 10-year median of 0.31. GuruFocus rates ROCO:6612 with a GF Score™ of 87/100 and a GF Value™ of NT$153.08 (Significantly Undervalued). The stock has 7 warning signs investors should review. Among 471 Medical Devices & Instruments companies, ICARES Medicus ranks worse than 67.94% on this metric.

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

ICARES Medicus's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was NT$688 Mil. ICARES Medicus's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was NT$136 Mil. ICARES Medicus's annualized EBITDA for the quarter that ended in Jun. 2026 was NT$376 Mil. ICARES Medicus's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 2.19.

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 ICARES Medicus's Debt-to-EBITDA or its related term are showing as below:

ROCO:6612' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.03   Med: 0.31   Max: 3.61
Current: 2.78

During the past 13 years, the highest Debt-to-EBITDA Ratio of ICARES Medicus was 3.61. The lowest was 0.03. And the median was 0.31.

ROCO:6612's Debt-to-EBITDA is ranked worse than
67.94% of 471 companies
in the Medical Devices & Instruments industry
Industry Median: 1.63 vs ROCO:6612: 2.78

ICARES Medicus  (ROCO:6612) 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.


ICARES Medicus Debt-to-EBITDA Related Terms


ICARES Medicus Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for ICARES Medicus'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.

ICARES Medicus Debt-to-EBITDA Chart

ICARES Medicus 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 0.17 0.04 0.74 3.29 3.61

ICARES Medicus Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 7.41 5.01 2.93 2.55 2.19

ROCO:6612 vs ISRG, BDX, RMD: Debt-to-EBITDA Comparison

For the Medical Instruments & Supplies subindustry, ICARES Medicus'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.


ICARES Medicus Debt-to-EBITDA vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, ICARES Medicus's Debt-to-EBITDA distribution charts can be found below:

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


ROCO:6612
87GF Score
ICARES Medicus Inc ROCO:6612
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ICARES Medicus Debt-to-EBITDA Calculation

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

ICARES Medicus'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
=(643.529 + 229.681) / 241.672
=3.61

ICARES Medicus'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
=(687.803 + 135.512) / 375.536
=2.19

* 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.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 2.19 mean?
ICARES Medicus (ROCO:6612) has a Debt-to-EBITDA of 2.19 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on ICARES Medicus. This is 606% above median its historical median of 0.31. Over the past decade, ICARES Medicus' Debt-to-EBITDA has ranged from 0.03 to 3.61. According to the industry distribution chart, ICARES Medicus ranks #320 out of 471 companies in the Medical Devices & Instruments industry, placing it in the top 67.9%.
Is ICARES Medicus' Debt-to-EBITDA too high?
ICARES Medicus' current Debt-to-EBITDA of 2.19 is 606% above median its 10-year median of 0.31. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 3.61. The Medical Devices & Instruments industry median Debt-to-EBITDA is 1.63. ICARES Medicus' value of 2.19 is 34.4% above this industry median. Based on the distribution chart, ICARES Medicus ranks #320 out of 471 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, ICARES Medicus has a GF Score™ of 87/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ICARES Medicus' Debt-to-EBITDA compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, ICARES Medicus ranks #320 out of 471 companies for Debt-to-EBITDA. This places ICARES Medicus in the lower half of its industry. The industry median Debt-to-EBITDA is 1.63. ICARES Medicus' value of 2.19 is 34.4% above this benchmark. Historically, ICARES Medicus' own Debt-to-EBITDA has ranged from 0.03 to 3.61 over the past decade. While the company's 10-year median is 0.31 vs. the industry median of 1.63, ICARES Medicus 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 Medical Devices & Instruments company?
The median Debt-to-EBITDA among Medical Devices & Instruments companies is 1.63, based on 471 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. ICARES Medicus's current Debt-to-EBITDA of 2.19 is 34.4% 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 ICARES Medicus. For the Medical Devices & Instruments industry, the median Debt-to-EBITDA is 1.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ICARES Medicus's current Debt-to-EBITDA is 2.19, which is 606% above median its own 10-year median of 0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ICARES Medicus stock overvalued right now?
Based on GuruFocus' analysis, ICARES Medicus (ROCO:6612) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$153.08, compared to a current price of NT$72.10 — trading 52.9% below its estimated fair value. The current Debt-to-EBITDA is 2.19, which is 606% above median its 10-year median of 0.31 and 34.4% above the Medical Devices & Instruments industry median of 1.63. ICARES Medicus' overall GF Score™ is 87/100 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 ICARES Medicus (ROCO:6612), the current Debt-to-EBITDA is 2.19 as of Jun. 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 ICARES Medicus (ROCO:6612) Overvalued in 2026?

Based on GuruFocus' analysis, ICARES Medicus stock appears to be undervalued. The current stock price of NT$72.10 is trading 52.9% below its estimated GF Value™ of NT$153.08. GuruFocus considers ICARES Medicus to be Significantly Undervalued.

Key valuation signals for ROCO:6612:

  • Debt-to-EBITDA: 2.19 (606% above median its 10-year median of 0.31)
  • GF Value™: NT$153.08 vs. price of NT$72.10 (52.9% below fair value)
  • GF Score™: 87/100 with 7 warning signs
  • Industry Position: 34.4% above the Medical Devices & Instruments median (#320 of 471)

No single metric tells the full story. See the ROCO:6612 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ICARES Medicus Business Description

Address Section 2, Shengyi Road, No. 16, 4th Floor, Hsinchu County, Zhubei, TWN, 30261
ICARES Medicus Inc is engaged in providing high-grade nanomedical lubricious coatings and various surface treatments for implantable or interventional medical devices. In addition, it also designs, develops, manufactures, and sells intraocular lenses and nanomedical devices. The company's operating segments are Europe and America, which derive maximum revenue, China, and R.O.C. Geographically, it generates maximum revenue from the United States, followed by Taiwan, Spain, England, Japan, China, Germany, and other countries.
87GF Score

Get the complete analysis for ROCO:6612

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

NT$72.10
Price
NT$153.08
GF Value