Big Rock Brewery (TSX:BR) Debt-to-EBITDA : 9.92 (As of Jun. 2026) — 398% Above Median

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TSX:BR Big Rock Brewery Inc TSX:BR
23 GF Score
Price C$0.62
GF Value C$0.41
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Big Rock Brewery Debt-to-EBITDA?

Big Rock Brewery TSX:BR 23 Debt-to-EBITDA is 9.92 as of Jun. 2026, which is 398% above its 10-year median of 1.99. GuruFocus rates TSX:BR with a GF Score™ of 23/100 and a GF Value™ of C$0.41 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 157 Beverages - Alcoholic companies, Big Rock Brewery ranks worse than 100% on this metric.

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

Big Rock Brewery's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was C$9.69 Mil. Big Rock Brewery's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was C$2.69 Mil. Big Rock Brewery's annualized EBITDA for the quarter that ended in Jun. 2026 was C$1.25 Mil. Big Rock Brewery's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 9.92.

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 Big Rock Brewery's Debt-to-EBITDA or its related term are showing as below:

TSX:BR' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -43.01   Med: 1.99   Max: 174.44
Current: 174.44

During the past 13 years, the highest Debt-to-EBITDA Ratio of Big Rock Brewery was 174.44. The lowest was -43.01. And the median was 1.99.

TSX:BR's Debt-to-EBITDA is ranked worse than
100% of 157 companies
in the Beverages - Alcoholic industry
Industry Median: 2.18 vs TSX:BR: 174.44

Big Rock Brewery  (TSX:BR) 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.


Big Rock Brewery Debt-to-EBITDA Related Terms


Big Rock Brewery Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Big Rock Brewery'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.

Big Rock Brewery Debt-to-EBITDA Chart

Big Rock Brewery 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 -43.01 -4.14 7.52 -2.37 5.63

Big Rock Brewery Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 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 2.69 3.76 -30.27 -3.63 9.92

TSX:BR vs STZ, TAP: Debt-to-EBITDA Comparison

For the Beverages - Brewers subindustry, Big Rock Brewery'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.


Big Rock Brewery Debt-to-EBITDA vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Big Rock Brewery's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Big Rock Brewery's Debt-to-EBITDA falls into.


TSX:BR
23GF Score
Big Rock Brewery Inc TSX:BR
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Big Rock Brewery Debt-to-EBITDA Calculation

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

Big Rock Brewery'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
=(5.428 + 7.771) / 2.345
=5.63

Big Rock Brewery's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(9.691 + 2.694) / 1.248
=9.92

* 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 (Jun. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 9.92 mean?
Big Rock Brewery (TSX:BR) has a Debt-to-EBITDA of 9.92 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Big Rock Brewery. This is 398% above median its historical median of 1.99. According to the industry distribution chart, Big Rock Brewery ranks #157 out of 157 companies in the Beverages - Alcoholic industry.
Is Big Rock Brewery's Debt-to-EBITDA too high?
Big Rock Brewery's current Debt-to-EBITDA of 9.92 is 398% above median its 10-year median of 1.99. The Beverages - Alcoholic industry median Debt-to-EBITDA is 2.18. Big Rock Brewery's value of 9.92 is 355% above this industry median. Based on the distribution chart, Big Rock Brewery ranks #157 out of 157 companies in the Beverages - Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Big Rock Brewery has a GF Score™ of 23/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Big Rock Brewery's Debt-to-EBITDA compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Big Rock Brewery ranks #157 out of 157 companies for Debt-to-EBITDA. This places Big Rock Brewery in the lower half of its industry. The industry median Debt-to-EBITDA is 2.18. Big Rock Brewery's value of 9.92 is 355% above this benchmark. While the company's 10-year median is 1.99 vs. the industry median of 2.18, Big Rock Brewery 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 Beverages - Alcoholic company?
The median Debt-to-EBITDA among Beverages - Alcoholic companies is 2.18, based on 157 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. Big Rock Brewery's current Debt-to-EBITDA of 9.92 is 355% 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 Big Rock Brewery. For the Beverages - Alcoholic industry, the median Debt-to-EBITDA is 2.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Big Rock Brewery's current Debt-to-EBITDA is 9.92, which is 398% above median its own 10-year median of 1.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Big Rock Brewery stock overvalued right now?
Based on GuruFocus' analysis, Big Rock Brewery (TSX:BR) is currently considered Significantly Overvalued. The stock's GF Value™ is C$0.41, compared to a current price of C$0.62 — trading 51.2% above its estimated fair value. The current Debt-to-EBITDA is 9.92, which is 398% above median its 10-year median of 1.99 and 355% above the Beverages - Alcoholic industry median of 2.18. Big Rock Brewery's overall GF Score™ is 23/100 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 Big Rock Brewery (TSX:BR), the current Debt-to-EBITDA is 9.92 as of Jun. 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 Big Rock Brewery (TSX:BR) Overvalued in 2026?

Based on GuruFocus' analysis, Big Rock Brewery stock appears to be overvalued. The current stock price of C$0.62 is trading 51.2% above its estimated GF Value™ of C$0.41. GuruFocus considers Big Rock Brewery to be Significantly Overvalued.

Key valuation signals for TSX:BR:

  • Debt-to-EBITDA: 9.92 (398% above median its 10-year median of 1.99)
  • GF Value™: C$0.41 vs. price of C$0.62 (51.2% above fair value)
  • GF Score™: 23/100 with 5 warning signs
  • Industry Position: 355% above the Beverages - Alcoholic median (#157 of 157)

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


Big Rock Brewery Business Description

Address 5555 - 76th Avenue SE, Calgary, AB, CAN, T2C 4L8
Big Rock Brewery Inc is a producer of premium, all-natural craft beers, cider, and other alcoholic and non-alcoholic beverages.. It operates in two segments: the wholesale segment, which manufactures and distributes beer, cider, and other alcoholic beverages to and through, provincial liquor boards which are subsequently sold to end consumers; and the retail segment, which sells beverages, food, and merchandise to end consumers on premises owned and/or operated by the company. Its brands include Big Rock, Tree Brewing, Pacer, Rock Creek Cider, Dukes Cider, AGD, Shaftebury, Bow Valley, White Peaks, and Cottage Springs. It also produces an ongoing selection of seasonal beers and ciders as well as beer and RTD products under co-packaging and "white label" contract arrangements.
23GF Score

Get the complete analysis for TSX:BR

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

C$0.62
Price
C$0.41
GF Value