TPSRF (Topsports International Holdings) Debt-to-EBITDA : 3.09 (As of Feb. 2026) — 251% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPSRF Topsports International Holdings Ltd TPSRF
40 GF Score
Price $0.21
GF Value $0.35
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Topsports International Holdings Debt-to-EBITDA?

Topsports International Holdings TPSRF 40 Debt-to-EBITDA is 3.09 as of Feb. 2026, which is 251% above its 10-year median of 0.88. GuruFocus rates TPSRF with a GF Score™ of 40/100 and a GF Value™ of $0.35 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 897 Retail - Cyclical companies, Topsports International Holdings ranks better than 52.62% on this metric.

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

Topsports International Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2026 was $387 Mil. Topsports International Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2026 was $119 Mil. Topsports International Holdings's annualized EBITDA for the quarter that ended in Feb. 2026 was $163 Mil. Topsports International Holdings's annualized Debt-to-EBITDA for the quarter that ended in Feb. 2026 was 3.09.

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

TPSRF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.59   Med: 0.88   Max: 2.23
Current: 2.23

During the past 10 years, the highest Debt-to-EBITDA Ratio of Topsports International Holdings was 2.23. The lowest was 0.59. And the median was 0.88.

TPSRF's Debt-to-EBITDA is ranked better than
52.62% of 897 companies
in the Retail - Cyclical industry
Industry Median: 2.4 vs TPSRF: 2.23

Topsports International Holdings  (OTCPK:TPSRF) 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.


Topsports International Holdings Debt-to-EBITDA Related Terms


Topsports International Holdings Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Topsports International Holdings'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.

Topsports International Holdings Debt-to-EBITDA Chart

Topsports International Holdings Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.01 0.89 0.59 1.30 1.21

Topsports International Holdings Semi-Annual Data
Feb17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 1.21 1.26 3.99 2.76 3.09

TPSRF vs TJX, ROST, BURL: Debt-to-EBITDA Comparison

For the Apparel Retail subindustry, Topsports International Holdings'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.


Topsports International Holdings Debt-to-EBITDA vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Topsports International Holdings's Debt-to-EBITDA distribution charts can be found below:

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


TPSRF
40GF Score
Topsports International Holdings Ltd TPSRF
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Topsports International Holdings Debt-to-EBITDA Calculation

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

Topsports International Holdings's Debt-to-EBITDA for the fiscal year that ended in Feb. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(386.583 + 118.615) / 419.234
=1.21

Topsports International Holdings's annualized Debt-to-EBITDA for the quarter that ended in Feb. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(386.583 + 118.615) / 163.384
=3.09

* 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 two times the quarterly (Feb. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 3.09 mean?
Topsports International Holdings (TPSRF) has a Debt-to-EBITDA of 3.09 as of Feb. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Topsports International Holdings. This is 251% above median its historical median of 0.88. Over the past decade, Topsports International Holdings' Debt-to-EBITDA has ranged from 0.59 to 2.23. According to the industry distribution chart, Topsports International Holdings ranks #425 out of 897 companies in the Retail - Cyclical industry, placing it in the top 47.4%.
Is Topsports International Holdings' Debt-to-EBITDA too high?
Topsports International Holdings' current Debt-to-EBITDA of 3.09 is 251% above median its 10-year median of 0.88. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 2.23. The Retail - Cyclical industry median Debt-to-EBITDA is 2.40. Topsports International Holdings' value of 3.09 is 28.8% above this industry median. Based on the distribution chart, Topsports International Holdings ranks #425 out of 897 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Topsports International Holdings has a GF Score™ of 40/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Topsports International Holdings' Debt-to-EBITDA compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Topsports International Holdings ranks #425 out of 897 companies for Debt-to-EBITDA. This puts Topsports International Holdings in the upper half of its industry. The industry median Debt-to-EBITDA is 2.40. Topsports International Holdings' value of 3.09 is 28.8% above this benchmark. Historically, Topsports International Holdings' own Debt-to-EBITDA has ranged from 0.59 to 2.23 over the past decade. While the company's 10-year median is 0.88 vs. the industry median of 2.40, Topsports International Holdings 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 Retail - Cyclical company?
The median Debt-to-EBITDA among Retail - Cyclical companies is 2.40, based on 897 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. Topsports International Holdings's current Debt-to-EBITDA of 3.09 is 28.8% 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 Topsports International Holdings. For the Retail - Cyclical industry, the median Debt-to-EBITDA is 2.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Topsports International Holdings's current Debt-to-EBITDA is 3.09, which is 251% above median its own 10-year median of 0.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Topsports International Holdings stock overvalued right now?
Based on GuruFocus' analysis, Topsports International Holdings (TPSRF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.35, compared to a current price of $0.21 — trading 40.6% below its estimated fair value. The current Debt-to-EBITDA is 3.09, which is 251% above median its 10-year median of 0.88 and 28.8% above the Retail - Cyclical industry median of 2.40. Topsports International Holdings' overall GF Score™ is 40/100 with 5 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 Topsports International Holdings (TPSRF), the current Debt-to-EBITDA is 3.09 as of Feb. 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 Topsports International Holdings (TPSRF) Overvalued in 2026?

Based on GuruFocus' analysis, Topsports International Holdings stock appears to be undervalued. The current stock price of $0.21 is trading 40.6% below its estimated GF Value™ of $0.35. GuruFocus considers Topsports International Holdings to be Possible Value Trap.

Key valuation signals for TPSRF:

  • Debt-to-EBITDA: 3.09 (251% above median its 10-year median of 0.88)
  • GF Value™: $0.35 vs. price of $0.21 (40.6% below fair value)
  • GF Score™: 40/100 with 5 warning signs
  • Industry Position: 28.8% above the Retail - Cyclical median (#425 of 897)

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


Topsports International Holdings Business Description

Other Exchanges 06110:Hong Kong
Address 30-34 Kwai Wing Road, M1, 6th Floor, The Edge, Kwai Chung, Kowloon, New Territories, Hong Kong, HKG
Topsports is the largest sportswear retailer in China, generating the majority of its revenue from selling products of international sportswear brands. The business operates as an intermediary between brand owners and consumers. The firm operates more than 4,000 stores directly as of the end of fiscal 2026, and most of these single-brand stores have been opened under the names of sportswear brands that it partners with, such as Nike and Adidas. Topsports also has partnerships with sportswear brands such as Puma, Li-Ning, Asics, and The North Face. While most of Topsports' sales take place in stores, the firm also operates online shops under the Topsports brand on major e-commerce platforms such as Alibaba and JD.com.
40GF Score

Get the complete analysis for TPSRF

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

$0.21
Price
$0.35
GF Value