HOKUETSU METAL Co (TSE:5446) Debt-to-EBITDA : 0.58 (As of Mar. 2026) — 61% 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:5446 HOKUETSU METAL Co Ltd TSE:5446
57 GF Score
Price 円1,075.00
GF Value 円1,029.92
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is HOKUETSU METAL Co Debt-to-EBITDA?

HOKUETSU METAL Co TSE:5446 +1.42% 57 Debt-to-EBITDA is 0.58 as of Mar. 2026, which is 61% below its 10-year median of 1.47. GuruFocus rates TSE:5446 with a GF Score™ of 57/100 and a GF Value™ of 円1,029.92 (Fairly Valued). The stock has 3 warning signs investors should review. Among 500 Steel companies, HOKUETSU METAL Co ranks worse than 57% on this metric.

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

HOKUETSU METAL Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was 円1,452 Mil. HOKUETSU METAL Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was 円765 Mil. HOKUETSU METAL Co's annualized EBITDA for the quarter that ended in Mar. 2026 was 円3,803 Mil. HOKUETSU METAL Co's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 0.58.

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 HOKUETSU METAL Co's Debt-to-EBITDA or its related term are showing as below:

TSE:5446' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.05   Med: 1.47   Max: 15.44
Current: 3.52

During the past 13 years, the highest Debt-to-EBITDA Ratio of HOKUETSU METAL Co was 15.44. The lowest was 0.05. And the median was 1.47.

TSE:5446's Debt-to-EBITDA is ranked worse than
57% of 500 companies
in the Steel industry
Industry Median: 2.85 vs TSE:5446: 3.52

HOKUETSU METAL Co  (TSE:5446) 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.


HOKUETSU METAL Co Debt-to-EBITDA Related Terms


HOKUETSU METAL Co Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for HOKUETSU METAL Co'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.

HOKUETSU METAL Co Debt-to-EBITDA Chart

HOKUETSU METAL Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.44 1.73 2.13 1.46 2.56

HOKUETSU METAL Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 9.66 1.15 -0.97 0.58 -3.32

TSE:5446 vs NUE, STLD, RS: Debt-to-EBITDA Comparison

For the Steel subindustry, HOKUETSU METAL Co'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.


HOKUETSU METAL Co Debt-to-EBITDA vs Steel Industry

For the Steel industry and Basic Materials sector, HOKUETSU METAL Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where HOKUETSU METAL Co's Debt-to-EBITDA falls into.


TSE:5446
57GF Score
HOKUETSU METAL Co Ltd TSE:5446
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HOKUETSU METAL Co Debt-to-EBITDA Calculation

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

HOKUETSU METAL Co's Debt-to-EBITDA for the fiscal year 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
=(1451.632 + 764.848) / 867.537
=2.55

HOKUETSU METAL Co'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
=(1451.632 + 764.848) / 3803.056
=0.58

* 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 0.58 mean?
HOKUETSU METAL Co (TSE:5446) has a Debt-to-EBITDA of 0.58 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 HOKUETSU METAL Co. This is 61% below median its historical median of 1.47. Over the past decade, HOKUETSU METAL Co's Debt-to-EBITDA has ranged from 0.05 to 15.44. According to the industry distribution chart, HOKUETSU METAL Co ranks #285 out of 500 companies in the Steel industry, placing it in the top 57%.
Is HOKUETSU METAL Co's Debt-to-EBITDA too high?
HOKUETSU METAL Co's current Debt-to-EBITDA of 0.58 is 61% below median its 10-year median of 1.47. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 15.44. The Steel industry median Debt-to-EBITDA is 2.85. HOKUETSU METAL Co's value of 0.58 is 79.6% below this industry median. Based on the distribution chart, HOKUETSU METAL Co ranks #285 out of 500 companies in the Steel industry, which is below the industry midpoint. Overall, HOKUETSU METAL Co has a GF Score™ of 57/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does HOKUETSU METAL Co's Debt-to-EBITDA compare to NUE and STLD?
According to the Steel industry distribution chart, HOKUETSU METAL Co ranks #285 out of 500 companies for Debt-to-EBITDA. This places HOKUETSU METAL Co in the lower half of its industry. The industry median Debt-to-EBITDA is 2.85. HOKUETSU METAL Co's value of 0.58 is 79.6% below this benchmark. Historically, HOKUETSU METAL Co's own Debt-to-EBITDA has ranged from 0.05 to 15.44 over the past decade. While the company's 10-year median is 1.47 vs. the industry median of 2.85, HOKUETSU METAL Co 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 Steel company?
The median Debt-to-EBITDA among Steel companies is 2.85, based on 500 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. HOKUETSU METAL Co's current Debt-to-EBITDA of 0.58 is 79.6% 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 HOKUETSU METAL Co. For the Steel industry, the median Debt-to-EBITDA is 2.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HOKUETSU METAL Co's current Debt-to-EBITDA is 0.58, which is 61% below median its own 10-year median of 1.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HOKUETSU METAL Co stock overvalued right now?
Based on GuruFocus' analysis, HOKUETSU METAL Co (TSE:5446) is currently considered Fairly Valued. The stock's GF Value™ is 円1,029.92, compared to a current price of 円1,075.00 — trading 4.4% above its estimated fair value. The current Debt-to-EBITDA is 0.58, which is 61% below median its 10-year median of 1.47 and 79.6% below the Steel industry median of 2.85. HOKUETSU METAL Co's overall GF Score™ is 57/100 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 HOKUETSU METAL Co (TSE:5446), the current Debt-to-EBITDA is 0.58 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 HOKUETSU METAL Co (TSE:5446) Overvalued in 2026?

Based on GuruFocus' analysis, HOKUETSU METAL Co stock appears to be overvalued. The current stock price of 円1,075.00 is trading 4.4% above its estimated GF Value™ of 円1,029.92. GuruFocus considers HOKUETSU METAL Co to be Fairly Valued.

Key valuation signals for TSE:5446:

  • Debt-to-EBITDA: 0.58 (61% below median its 10-year median of 1.47)
  • GF Value™: 円1,029.92 vs. price of 円1,075.00 (4.4% above fair value)
  • GF Score™: 57/100 with 3 warning signs
  • Industry Position: 79.6% below the Steel median (#285 of 500)

No single metric tells the full story. See the TSE:5446 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


HOKUETSU METAL Co Business Description

Address 3-3-1, Zao Nagaoka shi, Niigata-ken, JPN, 9400028
HOKUETSU METAL Co Ltd operates in the iron and steel industry. The principal business activities of the company include the manufacturing and processing of primary products such as steel, non-base metals and alloys, steel structures, and various other mechanical devices.
57GF Score

Get the complete analysis for TSE:5446

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

円1,075.00
Price
円1,029.92
GF Value