SY (So-Young International) Debt-to-EBITDA : -1.64 (As of Mar. 2026)

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SY So-Young International Inc SY
73 GF Score
Price $1.75
GF Value $1.51
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is So-Young International Debt-to-EBITDA?

So-Young International SY -4.89% 73 Debt-to-EBITDA is -1.64 as of Mar. 2026. GuruFocus rates SY with a GF Score™ of 73/100 and a GF Value™ of $1.51 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 478 Healthcare Providers & Services companies, So-Young International ranks worse than 209204.81% on this metric.

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

So-Young International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $28.7 Mil. So-Young International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $26.5 Mil. So-Young International's annualized EBITDA for the quarter that ended in Mar. 2026 was $-33.6 Mil. So-Young International's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was -1.64.

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 So-Young International's Debt-to-EBITDA or its related term are showing as below:

SY' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -9.75   Med: -1.43   Max: 1.67
Current: -1.39

During the past 10 years, the highest Debt-to-EBITDA Ratio of So-Young International was 1.67. The lowest was -9.75. And the median was -1.43.

SY's Debt-to-EBITDA is ranked worse than
100% of 478 companies
in the Healthcare Providers & Services industry
Industry Median: 2.25 vs SY: -1.39

So-Young International  (NAS:SY) 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.


So-Young International Debt-to-EBITDA Related Terms


So-Young International Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for So-Young International'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.

So-Young International Debt-to-EBITDA Chart

So-Young International 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 1.67 -1.28 -9.75 -6.22 -1.43

So-Young International Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -1.42 -1.40 -0.91 -0.73 -1.64

SY vs HCAT, AMWL, OPRX: Debt-to-EBITDA Comparison

For the Health Information Services subindustry, So-Young International'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.


So-Young International Debt-to-EBITDA vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, So-Young International's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where So-Young International's Debt-to-EBITDA falls into.


SY
73GF Score
So-Young International Inc SY
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

So-Young International Debt-to-EBITDA Calculation

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

So-Young International'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
=(16.519 + 26.034) / -29.71
=-1.43

So-Young International'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
=(28.746 + 26.451) / -33.6
=-1.64

* 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 (Mar. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of -1.64 mean?
So-Young International (SY) has a Debt-to-EBITDA of -1.64 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 So-Young International. According to the industry distribution chart, So-Young International ranks #999999 out of 478 companies in the Healthcare Providers & Services industry.
Is So-Young International's Debt-to-EBITDA too high?
So-Young International's current Debt-to-EBITDA is -1.64. Based on the distribution chart, So-Young International ranks #999999 out of 478 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, So-Young International has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does So-Young International's Debt-to-EBITDA compare to HCAT and AMWL?
According to the Healthcare Providers & Services industry distribution chart, So-Young International ranks #999999 out of 478 companies for Debt-to-EBITDA. This places So-Young International in the lower half of its industry. The industry median Debt-to-EBITDA is 2.25. 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 Healthcare Providers & Services company?
The median Debt-to-EBITDA among Healthcare Providers & Services companies is 2.25, based on 478 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. 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 So-Young International. For the Healthcare Providers & Services industry, the median Debt-to-EBITDA is 2.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. So-Young International's current Debt-to-EBITDA is -1.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is So-Young International stock overvalued right now?
Based on GuruFocus' analysis, So-Young International (SY) is currently considered Modestly Overvalued. The stock's GF Value™ is $1.51, compared to a current price of $1.75 — trading 15.9% above its estimated fair value. The current Debt-to-EBITDA is -1.64. So-Young International's overall GF Score™ is 73/100 with 2 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 So-Young International (SY), the current Debt-to-EBITDA is -1.64 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.

Is So-Young International (SY) Overvalued in 2026?

Based on GuruFocus' analysis, So-Young International stock appears to be overvalued. The current stock price of $1.75 is trading 15.9% above its estimated GF Value™ of $1.51. GuruFocus considers So-Young International to be Modestly Overvalued.

Key valuation signals for SY:

  • Debt-to-EBITDA: -1.64
  • GF Value™: $1.51 vs. price of $1.75 (15.9% above fair value)
  • GF Score™: 73/100 with 2 warning signs

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


So-Young International Business Description

Address No. 66 Xiangbin Road, 2nd Floor, East Tower, Poly Plaza, Chaoyang District, Beijing, CHN, 100012
So-Young International Inc is an aesthetic treatment platform in China connecting consumers with online services and offline treatments. Its online platform operates across multiple access points, including mobile app, Weixin mini program, and soyoung.com website, where both consumers and aesthetic practitioners can access media content, an engaging social community and a transparent reservation system. The company has four reportable segments: Aesthetic treatment services group, Platform service group, Wuhan Miracle, and Others. The majority of revenue is derived from the Platform service group, which generates revenue by providing information services and reservation services. All the company's revenues are derived from within the PRC.
73GF Score

Get the complete analysis for SY

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

$1.75
Price
$1.51
GF Value