Human Made (TSE:456A) Debt-to-EBITDA : 0.05 (As of Jan. 2026) — 29% Below 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.

TSE:456A Human Made Inc TSE:456A
20 GF Score
Price 円1,377.00
! 3 Warning Signs
View Full Analysis

What is Human Made Debt-to-EBITDA?

Human Made TSE:456A -3.03% 20 Debt-to-EBITDA is 0.05 as of Jan. 2026, which is 29% below its 10-year median of 0.07. GuruFocus rates TSE:456A with a GF Score™ of 20/100. The stock has 3 warning signs investors should review. Among 834 Manufacturing - Apparel & Accessories companies, Human Made ranks better than 96.88% on this metric.

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

Human Made's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2026 was 円250 Mil. Human Made's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2026 was 円33 Mil. Human Made's annualized EBITDA for the quarter that ended in Jan. 2026 was 円5,341 Mil. Human Made's annualized Debt-to-EBITDA for the quarter that ended in Jan. 2026 was 0.05.

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 Human Made's Debt-to-EBITDA or its related term are showing as below:

TSE:456A' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.06   Med: 0.07   Max: 0.09
Current: 0.06

During the past 3 years, the highest Debt-to-EBITDA Ratio of Human Made was 0.09. The lowest was 0.06. And the median was 0.07.

TSE:456A's Debt-to-EBITDA is ranked better than
96.88% of 834 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.72 vs TSE:456A: 0.06

Human Made  (TSE:456A) 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.


Human Made Debt-to-EBITDA Related Terms


Human Made Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Human Made'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.

Human Made Debt-to-EBITDA Chart

Human Made Annual Data
Trend Jan24 Jan25 Jan26
Debt-to-EBITDA
0.07 0.09 0.07

Human Made Quarterly Data
Jan24 Jan25 Jul25 Oct25 Jan26 Apr26
Debt-to-EBITDA Get a 7-Day Free Trial N/A N/A 0.04 0.05 0.05

TSE:456A vs RL, LEVI, VFC: Debt-to-EBITDA Comparison

For the Apparel Manufacturing subindustry, Human Made'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.


Human Made Debt-to-EBITDA vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Human Made's Debt-to-EBITDA distribution charts can be found below:

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


TSE:456A
20GF Score
Human Made Inc TSE:456A
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Human Made Debt-to-EBITDA Calculation

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

Human Made's Debt-to-EBITDA for the fiscal year that ended in Jan. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(249.992 + 33.344) / 4391.861
=0.06

Human Made's annualized Debt-to-EBITDA for the quarter that ended in Jan. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(249.992 + 33.344) / 5340.772
=0.05

* 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 (Jan. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 0.05 mean?
Human Made (TSE:456A) has a Debt-to-EBITDA of 0.05 as of Jan. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Human Made. This is 29% below median its historical median of 0.07. Over the past decade, Human Made's Debt-to-EBITDA has ranged from 0.06 to 0.09. According to the industry distribution chart, Human Made ranks #26 out of 834 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 3.1%.
Is Human Made's Debt-to-EBITDA too high?
Human Made's current Debt-to-EBITDA of 0.05 is 29% below median its 10-year median of 0.07. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 0.09. The Manufacturing - Apparel & Accessories industry median Debt-to-EBITDA is 2.72. Human Made's value of 0.05 is 98.2% below this industry median. Based on the distribution chart, Human Made ranks #26 out of 834 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Human Made has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Human Made's Debt-to-EBITDA compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Human Made ranks #26 out of 834 companies for Debt-to-EBITDA. This places Human Made in the top 3% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 2.72. Human Made's value of 0.05 is 98.2% below this benchmark. Historically, Human Made's own Debt-to-EBITDA has ranged from 0.06 to 0.09 over the past decade. While the company's 10-year median is 0.07 vs. the industry median of 2.72, Human Made has consistently been below 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 Manufacturing - Apparel & Accessories company?
The median Debt-to-EBITDA among Manufacturing - Apparel & Accessories companies is 2.72, based on 834 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. Human Made's current Debt-to-EBITDA of 0.05 is 98.2% below 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 Human Made. For the Manufacturing - Apparel & Accessories industry, the median Debt-to-EBITDA is 2.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Human Made's current Debt-to-EBITDA is 0.05, which is 29% below median its own 10-year median of 0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Human Made stock overvalued right now?
Human Made (TSE:456A) has a current Debt-to-EBITDA of 0.05. The current Debt-to-EBITDA is 0.05, which is 29% below median its 10-year median of 0.07 and 98.2% below the Manufacturing - Apparel & Accessories industry median of 2.72. Human Made's overall GF Score™ is 20/100 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 Human Made (TSE:456A), the current Debt-to-EBITDA is 0.05 as of Jan. 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.

Human Made Business Description

Address 2-24-9 Kamiosaki, Shinagawa-ku, Tokyo, JPN, 141-0021
Human Made Inc is engaged in Manufacture and sale of various apparel and textile products such as men's, women's, and children's apparel and decorative miscellaneous goods.
20GF Score

Get the complete analysis for TSE:456A

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

円1,377.00
Price