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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 ZEAL Associate's Debt-to-EBITDA or its related term are showing as below:
TSE:329A'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 7.26 Med: 9.17 Max: 15.77
Current: 7.26
During the past 3 years, the highest Debt-to-EBITDA Ratio of ZEAL Associate was 15.77. The lowest was 7.26. And the median was 9.17.
TSE:329A's Debt-to-EBITDA is not ranked
in the Conglomerates industry.
Industry Median: 2.795
vs TSE:329A: 7.26
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.
ZEAL Associate Debt-to-EBITDA Related Terms
ZEAL Associate Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for ZEAL Associate'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.
ZEAL Associate Debt-to-EBITDA Chart
ZEAL Associate Annual Data
Trend
Aug23
Aug24
Aug25
Debt-to-EBITDA
15.77
9.17
7.51
ZEAL Associate Semi-Annual Data
Aug23
Aug24
Feb25
Aug25
Feb26
Debt-to-EBITDA
N/A
N/A
9.81
5.79
7.41
TSE:329A vs HON, MMM: Debt-to-EBITDA Comparison
For the Conglomerates subindustry, ZEAL Associate'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.
ZEAL Associate Debt-to-EBITDA vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, ZEAL Associate's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where ZEAL Associate's Debt-to-EBITDA falls into.
* 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.
ZEAL Associate (TSE:329A) has a Debt-to-EBITDA of 7.41 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 ZEAL Associate. This is 19% below median its historical median of 9.17. Over the past decade, ZEAL Associate's Debt-to-EBITDA has ranged from 7.26 to 15.77.
Is ZEAL Associate's Debt-to-EBITDA too high?
ZEAL Associate's current Debt-to-EBITDA of 7.41 is 19% below median its 10-year median of 9.17. Over the past 10 years, this metric has ranged from a low of 7.26 to a high of 15.77. The Conglomerates industry median Debt-to-EBITDA is 2.80. ZEAL Associate's value of 7.41 is 165.1% above this industry median. Overall, ZEAL Associate has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does ZEAL Associate's Debt-to-EBITDA compare to HON and MMM?
ZEAL Associate's Debt-to-EBITDA of 7.41 can be compared against companies in the Conglomerates industry. The industry median Debt-to-EBITDA is 2.80. ZEAL Associate's value of 7.41 is 165.1% above this benchmark. Historically, ZEAL Associate's own Debt-to-EBITDA has ranged from 7.26 to 15.77 over the past decade. While the company's 10-year median is 9.17 vs. the industry median of 2.80, ZEAL Associate 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 Conglomerates company?
The median Debt-to-EBITDA among Conglomerates companies is 2.80, based on 450 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. ZEAL Associate's current Debt-to-EBITDA of 7.41 is 165.1% 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 ZEAL Associate. For the Conglomerates industry, the median Debt-to-EBITDA is 2.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZEAL Associate's current Debt-to-EBITDA is 7.41, which is 19% below median its own 10-year median of 9.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZEAL Associate stock overvalued right now?
ZEAL Associate (TSE:329A) has a current Debt-to-EBITDA of 7.41. The current Debt-to-EBITDA is 7.41, which is 19% below median its 10-year median of 9.17 and 165.1% above the Conglomerates industry median of 2.80. ZEAL Associate's overall GF Score™ is 16/100 with 3 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 ZEAL Associate (TSE:329A), the current Debt-to-EBITDA is 7.41 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.
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