Fujian Qingshan Paper Industry Co (SHSE:600103) Debt-to-EBITDA : 3.65 (As of Jun. 2026) — 61% Above Median

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SHSE:600103 Fujian Qingshan Paper Industry Co Ltd SHSE:600103
63 GF Score
Price ¥3.81
GF Value ¥2.19
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Fujian Qingshan Paper Industry Co Debt-to-EBITDA?

Fujian Qingshan Paper Industry Co SHSE:600103 -1.04% 63 Debt-to-EBITDA is 3.65 as of Jun. 2026, which is 61% above its 10-year median of 2.27. GuruFocus rates SHSE:600103 with a GF Score™ of 63/100 and a GF Value™ of ¥2.19 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 210 Forest Products companies, Fujian Qingshan Paper Industry Co ranks worse than 74.76% on this metric.

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

Fujian Qingshan Paper Industry Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ¥383 Mil. Fujian Qingshan Paper Industry Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ¥192 Mil. Fujian Qingshan Paper Industry Co's annualized EBITDA for the quarter that ended in Jun. 2026 was ¥158 Mil. Fujian Qingshan Paper Industry Co's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 3.65.

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 Fujian Qingshan Paper Industry Co's Debt-to-EBITDA or its related term are showing as below:

SHSE:600103' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.34   Med: 2.27   Max: 6.35
Current: 6.35

During the past 13 years, the highest Debt-to-EBITDA Ratio of Fujian Qingshan Paper Industry Co was 6.35. The lowest was 1.34. And the median was 2.27.

SHSE:600103's Debt-to-EBITDA is ranked worse than
74.76% of 210 companies
in the Forest Products industry
Industry Median: 3.28 vs SHSE:600103: 6.35

Fujian Qingshan Paper Industry Co  (SHSE:600103) 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.


Fujian Qingshan Paper Industry Co Debt-to-EBITDA Related Terms


Fujian Qingshan Paper Industry Co Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Fujian Qingshan Paper Industry Co'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.

Fujian Qingshan Paper Industry Co Debt-to-EBITDA Chart

Fujian Qingshan Paper Industry Co 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 1.39 1.34 2.90 2.81 2.17

Fujian Qingshan Paper Industry Co 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 5.88 10.30 21.71 6.11 3.65

Fujian Qingshan Paper Industry Co Debt-to-EBITDA Competitor Comparison

For the Paper & Paper Products subindustry, Fujian Qingshan Paper Industry Co'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.


Fujian Qingshan Paper Industry Co Debt-to-EBITDA vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Fujian Qingshan Paper Industry Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Fujian Qingshan Paper Industry Co's Debt-to-EBITDA falls into.


SHSE:600103
63GF Score
Fujian Qingshan Paper Industry Co Ltd SHSE:600103
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fujian Qingshan Paper Industry Co Debt-to-EBITDA Calculation

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

Fujian Qingshan Paper Industry Co'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
=(532.242 + 123.938) / 302.026
=2.17

Fujian Qingshan Paper Industry Co'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
=(383.031 + 191.921) / 157.616
=3.65

* 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 3.65 mean?
Fujian Qingshan Paper Industry Co (SHSE:600103) has a Debt-to-EBITDA of 3.65 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 Fujian Qingshan Paper Industry Co. This is 61% above median its historical median of 2.27. Over the past decade, Fujian Qingshan Paper Industry Co's Debt-to-EBITDA has ranged from 1.34 to 6.35. According to the industry distribution chart, Fujian Qingshan Paper Industry Co ranks #157 out of 210 companies in the Forest Products industry, placing it in the top 74.8%.
Is Fujian Qingshan Paper Industry Co's Debt-to-EBITDA too high?
Fujian Qingshan Paper Industry Co's current Debt-to-EBITDA of 3.65 is 61% above median its 10-year median of 2.27. Over the past 10 years, this metric has ranged from a low of 1.34 to a high of 6.35. The Forest Products industry median Debt-to-EBITDA is 3.28. Fujian Qingshan Paper Industry Co's value of 3.65 is 11.3% above this industry median. Based on the distribution chart, Fujian Qingshan Paper Industry Co ranks #157 out of 210 companies in the Forest Products industry, which is below the industry midpoint. Overall, Fujian Qingshan Paper Industry Co has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fujian Qingshan Paper Industry Co's Debt-to-EBITDA compare to competitors?
According to the Forest Products industry distribution chart, Fujian Qingshan Paper Industry Co ranks #157 out of 210 companies for Debt-to-EBITDA. This places Fujian Qingshan Paper Industry Co in the lower half of its industry. The industry median Debt-to-EBITDA is 3.28. Fujian Qingshan Paper Industry Co's value of 3.65 is 11.3% above this benchmark. Historically, Fujian Qingshan Paper Industry Co's own Debt-to-EBITDA has ranged from 1.34 to 6.35 over the past decade. While the company's 10-year median is 2.27 vs. the industry median of 3.28, Fujian Qingshan Paper Industry Co 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 Forest Products company?
The median Debt-to-EBITDA among Forest Products companies is 3.28, based on 210 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. Fujian Qingshan Paper Industry Co's current Debt-to-EBITDA of 3.65 is 11.3% 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 Fujian Qingshan Paper Industry Co. For the Forest Products industry, the median Debt-to-EBITDA is 3.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fujian Qingshan Paper Industry Co's current Debt-to-EBITDA is 3.65, which is 61% above median its own 10-year median of 2.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fujian Qingshan Paper Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Fujian Qingshan Paper Industry Co (SHSE:600103) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥2.19, compared to a current price of ¥3.81 — trading 74% above its estimated fair value. The current Debt-to-EBITDA is 3.65, which is 61% above median its 10-year median of 2.27 and 11.3% above the Forest Products industry median of 3.28. Fujian Qingshan Paper Industry Co's overall GF Score™ is 63/100 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 Fujian Qingshan Paper Industry Co (SHSE:600103), the current Debt-to-EBITDA is 3.65 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 Fujian Qingshan Paper Industry Co (SHSE:600103) Overvalued in 2026?

Based on GuruFocus' analysis, Fujian Qingshan Paper Industry Co stock appears to be overvalued. The current stock price of ¥3.81 is trading 74% above its estimated GF Value™ of ¥2.19. GuruFocus considers Fujian Qingshan Paper Industry Co to be Significantly Overvalued.

Key valuation signals for SHSE:600103:

  • Debt-to-EBITDA: 3.65 (61% above median its 10-year median of 2.27)
  • GF Value™: ¥2.19 vs. price of ¥3.81 (74% above fair value)
  • GF Score™: 63/100 with 3 warning signs
  • Industry Position: 11.3% above the Forest Products median (#157 of 210)

No single metric tells the full story. See the SHSE:600103 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fujian Qingshan Paper Industry Co Business Description

Address No. 1 Qingshan Road, Qingshan Paper Industry, Qingzhou Town, Shaxian County, Fujian Province, Sanming, CHN, 365056
Fujian Qingshan Paper Industry Co Ltd is a China-based company engaged in the production and sales of paper products. Its principal products cover paper bags, pulp board, paperboard and corrugated paper products, paper products, optoelectronic products and forest products. The company distributes its products in domestic and overseas markets.
63GF Score

Get the complete analysis for SHSE:600103

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

¥3.81
Price
¥2.19
GF Value