TSA Group Bhd (XKLS:0297) Debt-to-EBITDA : 2.27 (As of Mar. 2026) — 33% Above Median

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XKLS:0297 TSA Group Bhd XKLS:0297
34 GF Score
Price RM0.87
! 10 Warning Signs
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What is TSA Group Bhd Debt-to-EBITDA?

TSA Group Bhd XKLS:0297 34 Debt-to-EBITDA is 2.27 as of Mar. 2026, which is 33% above its 10-year median of 1.71. GuruFocus rates XKLS:0297 with a GF Score™ of 34/100. The stock has 10 warning signs investors should review. Among 495 Steel companies, TSA Group Bhd ranks better than 64.85% on this metric.

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

TSA Group Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was RM45.5 Mil. TSA Group Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was RM7.8 Mil. TSA Group Bhd's annualized EBITDA for the quarter that ended in Mar. 2026 was RM23.5 Mil. TSA Group Bhd's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 2.27.

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 TSA Group Bhd's Debt-to-EBITDA or its related term are showing as below:

XKLS:0297' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.19   Med: 1.71   Max: 2.87
Current: 1.79

During the past 6 years, the highest Debt-to-EBITDA Ratio of TSA Group Bhd was 2.87. The lowest was 1.19. And the median was 1.71.

XKLS:0297's Debt-to-EBITDA is ranked better than
64.85% of 495 companies
in the Steel industry
Industry Median: 2.92 vs XKLS:0297: 1.79

TSA Group Bhd  (XKLS:0297) 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.


TSA Group Bhd Debt-to-EBITDA Related Terms


TSA Group Bhd Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for TSA Group Bhd'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.

TSA Group Bhd Debt-to-EBITDA Chart

TSA Group Bhd Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial 1.22 1.19 1.94 2.29 1.47

TSA Group Bhd Quarterly Data
Dec20 Dec21 Dec22 Aug23 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 1.65 1.63 2.31 1.74 2.27

XKLS:0297 vs NUE, STLD, RS: Debt-to-EBITDA Comparison

For the Steel subindustry, TSA Group Bhd'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.


TSA Group Bhd Debt-to-EBITDA vs Steel Industry

For the Steel industry and Basic Materials sector, TSA Group Bhd's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where TSA Group Bhd's Debt-to-EBITDA falls into.


XKLS:0297
34GF Score
TSA Group Bhd XKLS:0297
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
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TSA Group Bhd Debt-to-EBITDA Calculation

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

TSA Group Bhd'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
=(37.837 + 8.403) / 31.421
=1.47

TSA Group Bhd'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
=(45.52 + 7.83) / 23.504
=2.27

* 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 2.27 mean?
TSA Group Bhd (XKLS:0297) has a Debt-to-EBITDA of 2.27 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 TSA Group Bhd. This is 33% above median its historical median of 1.71. Over the past decade, TSA Group Bhd's Debt-to-EBITDA has ranged from 1.19 to 2.87. According to the industry distribution chart, TSA Group Bhd ranks #174 out of 495 companies in the Steel industry, placing it in the top 35.2%.
Is TSA Group Bhd's Debt-to-EBITDA too high?
TSA Group Bhd's current Debt-to-EBITDA of 2.27 is 33% above median its 10-year median of 1.71. Over the past 10 years, this metric has ranged from a low of 1.19 to a high of 2.87. The Steel industry median Debt-to-EBITDA is 2.92. TSA Group Bhd's value of 2.27 is 22.3% below this industry median. Based on the distribution chart, TSA Group Bhd ranks #174 out of 495 companies in the Steel industry, which is above the industry midpoint. Overall, TSA Group Bhd has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does TSA Group Bhd's Debt-to-EBITDA compare to NUE and STLD?
According to the Steel industry distribution chart, TSA Group Bhd ranks #174 out of 495 companies for Debt-to-EBITDA. This puts TSA Group Bhd in the upper half of its industry. The industry median Debt-to-EBITDA is 2.92. TSA Group Bhd's value of 2.27 is 22.3% below this benchmark. Historically, TSA Group Bhd's own Debt-to-EBITDA has ranged from 1.19 to 2.87 over the past decade. While the company's 10-year median is 1.71 vs. the industry median of 2.92, TSA Group Bhd 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 2.92, based on 495 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. TSA Group Bhd's current Debt-to-EBITDA of 2.27 is 22.3% 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 TSA Group Bhd. For the Steel industry, the median Debt-to-EBITDA is 2.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TSA Group Bhd's current Debt-to-EBITDA is 2.27, which is 33% above median its own 10-year median of 1.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSA Group Bhd stock overvalued right now?
TSA Group Bhd (XKLS:0297) has a current Debt-to-EBITDA of 2.27. The current Debt-to-EBITDA is 2.27, which is 33% above median its 10-year median of 1.71 and 22.3% below the Steel industry median of 2.92. TSA Group Bhd's overall GF Score™ is 34/100 with 10 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 TSA Group Bhd (XKLS:0297), the current Debt-to-EBITDA is 2.27 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.

TSA Group Bhd Business Description

Address Lot 3998, Jalan 6/2A, Taman Industri Selesa Jaya, Balakong, SGR, MYS, 43300
TSA Group Bhd is engaged in trading, manufacturing and processing of metal products, mainly of stainless steel. It mainly trades in stainless steel plates, sheets, coils, pipes, square bars, flat bars, round bars, hexagon bars, angle bars, U-channels, chequered and perforated plates, shim and strips, wire, flanges, and pipe fittings. It also supplies products made from other metals comprising copper, aluminum, brass, bronze, lead, and carbon steel. Geographically it operates in Malaysia, Singapore, Bangladesh, Thailand, Indonesia and others, having key revenue from Malaysia.
34GF Score

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

RM0.87
Price