Shanghai Wai Gaoqia Free Trade Zone Group Co (SHSE:600648) Debt-to-EBITDA : 23.16 (As of Jun. 2026) — 234% Above Median

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SHSE:600648 Shanghai Wai Gaoqia Free Trade Zone Group Co Ltd SHSE:600648
49 GF Score
Price ¥9.27
GF Value ¥8.25
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Shanghai Wai Gaoqia Free Trade Zone Group Co Debt-to-EBITDA?

Shanghai Wai Gaoqia Free Trade Zone Group Co SHSE:600648 49 Debt-to-EBITDA is 23.16 as of Jun. 2026, which is 234% above its 10-year median of 6.93. GuruFocus rates SHSE:600648 with a GF Score™ of 49/100 and a GF Value™ of ¥8.25 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 835 Business Services companies, Shanghai Wai Gaoqia Free Trade Zone Group Co ranks worse than 94.37% on this metric.

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

Shanghai Wai Gaoqia Free Trade Zone Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ¥8,711 Mil. Shanghai Wai Gaoqia Free Trade Zone Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ¥12,620 Mil. Shanghai Wai Gaoqia Free Trade Zone Group Co's annualized EBITDA for the quarter that ended in Jun. 2026 was ¥921 Mil. Shanghai Wai Gaoqia Free Trade Zone Group Co's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 23.16.

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 Shanghai Wai Gaoqia Free Trade Zone Group Co's Debt-to-EBITDA or its related term are showing as below:

SHSE:600648' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 4.37   Med: 6.93   Max: 12.57
Current: 12.57

During the past 13 years, the highest Debt-to-EBITDA Ratio of Shanghai Wai Gaoqia Free Trade Zone Group Co was 12.57. The lowest was 4.37. And the median was 6.93.

SHSE:600648's Debt-to-EBITDA is ranked worse than
94.37% of 835 companies
in the Business Services industry
Industry Median: 1.66 vs SHSE:600648: 12.57

Shanghai Wai Gaoqia Free Trade Zone Group Co  (SHSE:600648) 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.


Shanghai Wai Gaoqia Free Trade Zone Group Co Debt-to-EBITDA Related Terms


Shanghai Wai Gaoqia Free Trade Zone Group Co Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Shanghai Wai Gaoqia Free Trade Zone Group 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.

Shanghai Wai Gaoqia Free Trade Zone Group Co Debt-to-EBITDA Chart

Shanghai Wai Gaoqia Free Trade Zone Group 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 6.11 5.48 7.37 8.27 7.64

Shanghai Wai Gaoqia Free Trade Zone Group 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 22.35 24.79 4.58 38.85 23.16

SHSE:600648 vs CTAS, CPRT, GPN: Debt-to-EBITDA Comparison

For the Specialty Business Services subindustry, Shanghai Wai Gaoqia Free Trade Zone Group 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.


Shanghai Wai Gaoqia Free Trade Zone Group Co Debt-to-EBITDA vs Business Services Industry

For the Business Services industry and Industrials sector, Shanghai Wai Gaoqia Free Trade Zone Group Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Shanghai Wai Gaoqia Free Trade Zone Group Co's Debt-to-EBITDA falls into.


SHSE:600648
49GF Score
Shanghai Wai Gaoqia Free Trade Zone Group Co Ltd SHSE:600648
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shanghai Wai Gaoqia Free Trade Zone Group Co Debt-to-EBITDA Calculation

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

Shanghai Wai Gaoqia Free Trade Zone Group 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
=(10409.955 + 9993.374) / 2669.172
=7.64

Shanghai Wai Gaoqia Free Trade Zone Group 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
=(8710.9 + 12620.446) / 921.216
=23.16

* 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 23.16 mean?
Shanghai Wai Gaoqia Free Trade Zone Group Co (SHSE:600648) has a Debt-to-EBITDA of 23.16 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 Shanghai Wai Gaoqia Free Trade Zone Group Co. This is 234% above median its historical median of 6.93. Over the past decade, Shanghai Wai Gaoqia Free Trade Zone Group Co's Debt-to-EBITDA has ranged from 4.37 to 12.57. According to the industry distribution chart, Shanghai Wai Gaoqia Free Trade Zone Group Co ranks #788 out of 835 companies in the Business Services industry, placing it in the top 94.4%.
Is Shanghai Wai Gaoqia Free Trade Zone Group Co's Debt-to-EBITDA too high?
Shanghai Wai Gaoqia Free Trade Zone Group Co's current Debt-to-EBITDA of 23.16 is 234% above median its 10-year median of 6.93. Over the past 10 years, this metric has ranged from a low of 4.37 to a high of 12.57. The Business Services industry median Debt-to-EBITDA is 1.66. Shanghai Wai Gaoqia Free Trade Zone Group Co's value of 23.16 is 1295.2% above this industry median. Based on the distribution chart, Shanghai Wai Gaoqia Free Trade Zone Group Co ranks #788 out of 835 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Shanghai Wai Gaoqia Free Trade Zone Group Co has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Wai Gaoqia Free Trade Zone Group Co's Debt-to-EBITDA compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Shanghai Wai Gaoqia Free Trade Zone Group Co ranks #788 out of 835 companies for Debt-to-EBITDA. This places Shanghai Wai Gaoqia Free Trade Zone Group Co in the lower half of its industry. The industry median Debt-to-EBITDA is 1.66. Shanghai Wai Gaoqia Free Trade Zone Group Co's value of 23.16 is 1295.2% above this benchmark. Historically, Shanghai Wai Gaoqia Free Trade Zone Group Co's own Debt-to-EBITDA has ranged from 4.37 to 12.57 over the past decade. While the company's 10-year median is 6.93 vs. the industry median of 1.66, Shanghai Wai Gaoqia Free Trade Zone Group 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 Business Services company?
The median Debt-to-EBITDA among Business Services companies is 1.66, based on 835 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. Shanghai Wai Gaoqia Free Trade Zone Group Co's current Debt-to-EBITDA of 23.16 is 1295.2% 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 Shanghai Wai Gaoqia Free Trade Zone Group Co. For the Business Services industry, the median Debt-to-EBITDA is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Wai Gaoqia Free Trade Zone Group Co's current Debt-to-EBITDA is 23.16, which is 234% above median its own 10-year median of 6.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Wai Gaoqia Free Trade Zone Group Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Wai Gaoqia Free Trade Zone Group Co (SHSE:600648) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥8.25, compared to a current price of ¥9.27 — trading 12.4% above its estimated fair value. The current Debt-to-EBITDA is 23.16, which is 234% above median its 10-year median of 6.93 and 1295.2% above the Business Services industry median of 1.66. Shanghai Wai Gaoqia Free Trade Zone Group Co's overall GF Score™ is 49/100 with 8 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 Shanghai Wai Gaoqia Free Trade Zone Group Co (SHSE:600648), the current Debt-to-EBITDA is 23.16 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 Shanghai Wai Gaoqia Free Trade Zone Group Co (SHSE:600648) Overvalued in 2026?

Based on GuruFocus' analysis, Shanghai Wai Gaoqia Free Trade Zone Group Co stock appears to be overvalued. The current stock price of ¥9.27 is trading 12.4% above its estimated GF Value™ of ¥8.25. GuruFocus considers Shanghai Wai Gaoqia Free Trade Zone Group Co to be Modestly Overvalued.

Key valuation signals for SHSE:600648:

  • Debt-to-EBITDA: 23.16 (234% above median its 10-year median of 6.93)
  • GF Value™: ¥8.25 vs. price of ¥9.27 (12.4% above fair value)
  • GF Score™: 49/100 with 8 warning signs
  • Industry Position: 1295.2% above the Business Services median (#788 of 835)

No single metric tells the full story. See the SHSE:600648 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shanghai Wai Gaoqia Free Trade Zone Group Co Business Description

Other Exchanges 900912:China
Address No.888, Yanggao North Road, Pudong New Area, Shanghai, CHN, 200137
Shanghai Wai Gaoqia Free Trade Zone Group Co Ltd, formerly Shanghai Wai Gaoqiao Free Trade Zone Development Co., Ltd. provides a multi-functional free trade zone in China. Its developments include office and factory buildings & public warehouse services.
49GF Score

Get the complete analysis for SHSE:600648

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

¥9.27
Price
¥8.25
GF Value