North Electro-Optic Co (SHSE:600184) Debt-to-EBITDA : (As of Jun. 2026)

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SHSE:600184 North Electro-Optic Co Ltd SHSE:600184
58 GF Score
Price ¥21.76
GF Value ¥14.52
Valuation Significantly Overvalued
! 5 Warning Signs
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What is North Electro-Optic Co Debt-to-EBITDA?

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

North Electro-Optic Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ¥208 Mil. North Electro-Optic Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ¥156 Mil. North Electro-Optic Co's annualized EBITDA for the quarter that ended in Jun. 2026 was ¥170 Mil. North Electro-Optic Co's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 2.13.

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 North Electro-Optic Co's Debt-to-EBITDA or its related term are showing as below:

SHSE:600184' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.2   Med: 0.56   Max: 2.81
Current: 2.81

During the past 13 years, the highest Debt-to-EBITDA Ratio of North Electro-Optic Co was 2.81. The lowest was -0.20. And the median was 0.56.

SHSE:600184's Debt-to-EBITDA is ranked worse than
65.46% of 249 companies
in the Aerospace & Defense industry
Industry Median: 1.88 vs SHSE:600184: 2.81

North Electro-Optic Co  (SHSE:600184) 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.


North Electro-Optic Co Debt-to-EBITDA Related Terms


North Electro-Optic Co Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for North Electro-Optic 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.

North Electro-Optic Co Debt-to-EBITDA Chart

North Electro-Optic Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
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North Electro-Optic Co 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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SHSE:600184 vs SPCX, GE, RTX: Debt-to-EBITDA Comparison

For the Aerospace & Defense subindustry, North Electro-Optic 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.


North Electro-Optic Co Debt-to-EBITDA vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, North Electro-Optic Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where North Electro-Optic Co's Debt-to-EBITDA falls into.


SHSE:600184
58GF Score
North Electro-Optic Co Ltd SHSE:600184
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

North Electro-Optic Co Debt-to-EBITDA Calculation

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

North Electro-Optic 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
=(521.72827589 + 81.7058812) / 143.53256305
=4.20

North Electro-Optic 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
=(207.76883927 + 155.7955511) / 170.34914096
=2.13

* 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 North Electro-Optic Co (SHSE:600184) Overvalued in 2026?

Based on GuruFocus' analysis, North Electro-Optic Co stock appears to be overvalued. The current stock price of ¥21.76 is trading 49.9% above its estimated GF Value™ of ¥14.52. GuruFocus considers North Electro-Optic Co to be Significantly Overvalued.

Key valuation signals for SHSE:600184:

  • Debt-to-EBITDA:
  • GF Value™: ¥14.52 vs. price of ¥21.76 (49.9% above fair value)
  • GF Score™: 58/100 with 5 warning signs

No single metric tells the full story. See the SHSE:600184 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


North Electro-Optic Co Business Description

Address 67 Changhong Beilu, Xiangfan, Hubei, CHN, 441057
North Electro-Optic Co Ltd is a China-based company mainly engaged in the research and development, design, manufacture, and distribution of optoelectronic defense products. The company is also engaged in the manufacture and sales of optoelectronic materials and components.
58GF Score

Get the complete analysis for SHSE:600184

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

¥21.76
Price
¥14.52
GF Value