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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 Ray Go Solar Holdings Bhd's Debt-to-EBITDA or its related term are showing as below:
XKLS:03052'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -5.41 Med: 1.67 Max: 11.23
Current: 2.78
During the past 7 years, the highest Debt-to-EBITDA Ratio of Ray Go Solar Holdings Bhd was 11.23. The lowest was -5.41. And the median was 1.67.
XKLS:03052's Debt-to-EBITDA is not ranked
in the Semiconductors industry.
Industry Median: 1.415
vs XKLS:03052: 2.78
Ray Go Solar Holdings Bhd (XKLS:03052) Debt-to-EBITDA Explanation
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.
Ray Go Solar Holdings Bhd Debt-to-EBITDA Related Terms
Ray Go Solar Holdings Bhd Debt-to-EBITDA Historical Data
* 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.
XKLS:03052 vs FSLR, NXT, ENPH: Debt-to-EBITDA Comparison
For the Solar subindustry, Ray Go Solar Holdings 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.
Ray Go Solar Holdings Bhd Debt-to-EBITDA vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Ray Go Solar Holdings Bhd's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Ray Go Solar Holdings Bhd'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 (Apr. 2026) EBITDA data.
Ray Go Solar Holdings Bhd (XKLS:03052) has a Debt-to-EBITDA of 2.55 as of Apr. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Ray Go Solar Holdings Bhd. This is 53% above median its historical median of 1.67.
Is Ray Go Solar Holdings Bhd's Debt-to-EBITDA too high?
Ray Go Solar Holdings Bhd's current Debt-to-EBITDA of 2.55 is 53% above median its 10-year median of 1.67. The Semiconductors industry median Debt-to-EBITDA is 1.42. Ray Go Solar Holdings Bhd's value of 2.55 is 80.2% above this industry median. Overall, Ray Go Solar Holdings Bhd has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does Ray Go Solar Holdings Bhd's Debt-to-EBITDA compare to FSLR and NXT?
Ray Go Solar Holdings Bhd's Debt-to-EBITDA of 2.55 can be compared against companies in the Semiconductors industry. The industry median Debt-to-EBITDA is 1.42. Ray Go Solar Holdings Bhd's value of 2.55 is 80.2% above this benchmark. While the company's 10-year median is 1.67 vs. the industry median of 1.42, Ray Go Solar Holdings Bhd 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 Semiconductors company?
The median Debt-to-EBITDA among Semiconductors companies is 1.42, based on 722 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. Ray Go Solar Holdings Bhd's current Debt-to-EBITDA of 2.55 is 80.2% 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 Ray Go Solar Holdings Bhd. For the Semiconductors industry, the median Debt-to-EBITDA is 1.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ray Go Solar Holdings Bhd's current Debt-to-EBITDA is 2.55, which is 53% above median its own 10-year median of 1.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ray Go Solar Holdings Bhd stock overvalued right now?
Ray Go Solar Holdings Bhd (XKLS:03052) has a current Debt-to-EBITDA of 2.55. The stock's GF Value™ is RM0.24, compared to a current price of RM0.17 — trading 29.2% below its estimated fair value. The current Debt-to-EBITDA is 2.55, which is 53% above median its 10-year median of 1.67 and 80.2% above the Semiconductors industry median of 1.42. Ray Go Solar Holdings Bhd's overall GF Score™ is 43/100 with 7 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 Ray Go Solar Holdings Bhd (XKLS:03052), the current Debt-to-EBITDA is 2.55 as of Apr. 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 Ray Go Solar Holdings Bhd (XKLS:03052) Overvalued in 2026?
Based on GuruFocus' analysis, Ray Go Solar Holdings Bhd stock appears to be undervalued.
The current stock price of RM0.17 is trading 29.2% below its estimated GF Value™ of RM0.24.
Key valuation signals for XKLS:03052:
Debt-to-EBITDA: 2.55 (53% above median its 10-year median of 1.67)
GF Value™: RM0.24 vs. price of RM0.17 (29.2% below fair value)
Industry Position: 80.2% above the Semiconductors median
No single metric tells the full story. See the XKLS:03052 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ray Go Solar Holdings Bhd is a solar engineering procurement construction (EPC) company providing integrated solar services throughout the entire process of installing a photovoltaic (PV) system. Its business segments include Sales of energy generated from solar projects; and Engineering, Procurement, Construction, and Commissions (EPCC) in solar projects; and operations and maintenance for solar projects. Maximum revenue for the company is derived from its EPCC segment. Geographically, it operates only in Malaysia.
43GF Score
Get the complete analysis for XKLS:03052
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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