TROX (Tronox Holdings) Debt-to-EBITDA : 36.08 (As of Mar. 2026) — 424% Above Median

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TROX Tronox Holdings PLC TROX
60 GF Score
Price $5.84
GF Value $10.82
Valuation Possible Value Trap
! 7 Warning Signs
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What is Tronox Holdings Debt-to-EBITDA?

Tronox Holdings TROX -6.71% 60 Debt-to-EBITDA is 36.08 as of Mar. 2026, which is 424% above its 10-year median of 6.88. GuruFocus rates TROX with a GF Score™ of 60/100 and a GF Value™ of $10.82 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,236 Chemicals companies, Tronox Holdings ranks worse than 98.95% on this metric.

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

Tronox Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $194 Mil. Tronox Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $3,270 Mil. Tronox Holdings's annualized EBITDA for the quarter that ended in Mar. 2026 was $96 Mil. Tronox Holdings's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 36.08.

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

TROX' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.25   Med: 6.88   Max: 161.52
Current: 91.16

During the past 13 years, the highest Debt-to-EBITDA Ratio of Tronox Holdings was 161.52. The lowest was 3.25. And the median was 6.88.

TROX's Debt-to-EBITDA is ranked worse than
98.95% of 1236 companies
in the Chemicals industry
Industry Median: 2.16 vs TROX: 91.16

Tronox Holdings  (NYSE:TROX) 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.


Tronox Holdings Debt-to-EBITDA Related Terms


Tronox Holdings Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Tronox 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.

Tronox Holdings Debt-to-EBITDA Chart

Tronox Holdings 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 3.25 3.84 6.24 5.81 161.52

Tronox Holdings 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 110.82 21.00 27.48 -15.42 36.08

TROX vs LXU, GPRE, WLKP: Debt-to-EBITDA Comparison

For the Chemicals subindustry, Tronox 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.


Tronox Holdings Debt-to-EBITDA vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Tronox Holdings's Debt-to-EBITDA distribution charts can be found below:

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


TROX
60GF Score
Tronox Holdings PLC TROX
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
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Tronox Holdings Debt-to-EBITDA Calculation

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

Tronox Holdings'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
=(112 + 3280) / 21
=161.52

Tronox Holdings'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
=(194 + 3270) / 96
=36.08

* 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 36.08 mean?
Tronox Holdings (TROX) has a Debt-to-EBITDA of 36.08 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 Tronox Holdings. This is 424% above median its historical median of 6.88. Over the past decade, Tronox Holdings' Debt-to-EBITDA has ranged from 3.25 to 161.52. According to the industry distribution chart, Tronox Holdings ranks #1223 out of 1236 companies in the Chemicals industry, placing it in the top 98.9%.
Is Tronox Holdings' Debt-to-EBITDA too high?
Tronox Holdings' current Debt-to-EBITDA of 36.08 is 424% above median its 10-year median of 6.88. Over the past 10 years, this metric has ranged from a low of 3.25 to a high of 161.52. The Chemicals industry median Debt-to-EBITDA is 2.16. Tronox Holdings' value of 36.08 is 1570.4% above this industry median. Based on the distribution chart, Tronox Holdings ranks #1223 out of 1236 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Tronox Holdings has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tronox Holdings' Debt-to-EBITDA compare to LXU and GPRE?
According to the Chemicals industry distribution chart, Tronox Holdings ranks #1223 out of 1236 companies for Debt-to-EBITDA. This places Tronox Holdings in the lower half of its industry. The industry median Debt-to-EBITDA is 2.16. Tronox Holdings' value of 36.08 is 1570.4% above this benchmark. Historically, Tronox Holdings' own Debt-to-EBITDA has ranged from 3.25 to 161.52 over the past decade. While the company's 10-year median is 6.88 vs. the industry median of 2.16, Tronox 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 Chemicals company?
The median Debt-to-EBITDA among Chemicals companies is 2.16, based on 1,236 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. Tronox Holdings's current Debt-to-EBITDA of 36.08 is 1570.4% 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 Tronox Holdings. For the Chemicals industry, the median Debt-to-EBITDA is 2.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tronox Holdings's current Debt-to-EBITDA is 36.08, which is 424% above median its own 10-year median of 6.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tronox Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tronox Holdings (TROX) is currently considered Possible Value Trap. The stock's GF Value™ is $10.82, compared to a current price of $5.84 — trading 46% below its estimated fair value. The current Debt-to-EBITDA is 36.08, which is 424% above median its 10-year median of 6.88 and 1570.4% above the Chemicals industry median of 2.16. Tronox Holdings' overall GF Score™ is 60/100 with 7 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 Tronox Holdings (TROX), the current Debt-to-EBITDA is 36.08 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 Tronox Holdings (TROX) Overvalued in 2026?

Based on GuruFocus' analysis, Tronox Holdings stock appears to be undervalued. The current stock price of $5.84 is trading 46% below its estimated GF Value™ of $10.82. GuruFocus considers Tronox Holdings to be Possible Value Trap.

Key valuation signals for TROX:

  • Debt-to-EBITDA: 36.08 (424% above median its 10-year median of 6.88)
  • GF Value™: $10.82 vs. price of $5.84 (46% below fair value)
  • GF Score™: 60/100 with 7 warning signs
  • Industry Position: 1570.4% above the Chemicals median (#1223 of 1236)

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


Tronox Holdings Business Description

Other Exchanges T5X:Germany
Address 263 Tresser Boulevard, Suite 1100, Stamford, CT, USA, 06901
Tronox Holdings PLC is a vertically integrated manufacturer of TiO2 pigment. It operates titanium-bearing mineral sand mines and beneficiation and smelting operations in Australia & South Africa to produce feedstock materials that can be processed into TiO2 for pigment, high-purity titanium chemicals, including titanium tetrachloride, and ultrafine TiO2 used in certain specialty applications. TiO2 and titanium feedstock, are used to produce paints and coatings, as well as plastics, paper, and printing ink. It has three pigment production facilities in the United States, the Netherlands, and Western Australia and three mining operations in Western Australia and South Africa. Europe, the Middle East, and Africa regions contribute the majority of revenue.
60GF Score

Get the complete analysis for TROX

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

$5.84
Price
$10.82
GF Value