HeveaBoard Bhd (XKLS:5095) Debt-to-EBITDA : -0.67 (As of Mar. 2026)

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XKLS:5095 HeveaBoard Bhd XKLS:5095
24 GF Score
Price RM0.12
GF Value RM0.25
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is HeveaBoard Bhd Debt-to-EBITDA?

HeveaBoard Bhd XKLS:5095 +9.09% 24 Debt-to-EBITDA is -0.67 as of Mar. 2026. GuruFocus rates XKLS:5095 with a GF Score™ of 24/100 and a GF Value™ of RM0.25 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 210 Forest Products companies, HeveaBoard Bhd ranks worse than 476190% on this metric.

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

HeveaBoard Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was RM2.1 Mil. HeveaBoard Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was RM15.4 Mil. HeveaBoard Bhd's annualized EBITDA for the quarter that ended in Mar. 2026 was RM-26.0 Mil. HeveaBoard Bhd's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was -0.67.

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

XKLS:5095' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1.03   Med: 0.31   Max: 1.29
Current: -0.55

During the past 13 years, the highest Debt-to-EBITDA Ratio of HeveaBoard Bhd was 1.29. The lowest was -1.03. And the median was 0.31.

XKLS:5095's Debt-to-EBITDA is ranked worse than
100% of 210 companies
in the Forest Products industry
Industry Median: 3.285 vs XKLS:5095: -0.55

HeveaBoard Bhd  (XKLS:5095) 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.


HeveaBoard Bhd Debt-to-EBITDA Related Terms


HeveaBoard Bhd Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for HeveaBoard 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.

HeveaBoard Bhd Debt-to-EBITDA Chart

HeveaBoard Bhd 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 0.34 0.20 1.29 1.14 -1.03

HeveaBoard Bhd Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.29 -0.56 -0.59 -0.47 -0.67

XKLS:5095 vs SSD, UFPI, BCC: Debt-to-EBITDA Comparison

For the Lumber & Wood Production subindustry, HeveaBoard 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.


HeveaBoard Bhd Debt-to-EBITDA vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, HeveaBoard Bhd's Debt-to-EBITDA distribution charts can be found below:

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


XKLS:5095
24GF Score
HeveaBoard Bhd XKLS:5095
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HeveaBoard Bhd Debt-to-EBITDA Calculation

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

HeveaBoard 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
=(2.04 + 15.929) / -17.401
=-1.03

HeveaBoard 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
=(2.059 + 15.382) / -25.952
=-0.67

* 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 -0.67 mean?
HeveaBoard Bhd (XKLS:5095) has a Debt-to-EBITDA of -0.67 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 HeveaBoard Bhd. According to the industry distribution chart, HeveaBoard Bhd ranks #999999 out of 210 companies in the Forest Products industry.
Is HeveaBoard Bhd's Debt-to-EBITDA too high?
HeveaBoard Bhd's current Debt-to-EBITDA is -0.67. Based on the distribution chart, HeveaBoard Bhd ranks #999999 out of 210 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, HeveaBoard Bhd has a GF Score™ of 24/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does HeveaBoard Bhd's Debt-to-EBITDA compare to SSD and UFPI?
According to the Forest Products industry distribution chart, HeveaBoard Bhd ranks #999999 out of 210 companies for Debt-to-EBITDA. This places HeveaBoard Bhd in the lower half of its industry. The industry median Debt-to-EBITDA is 3.29. 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 Forest Products company?
The median Debt-to-EBITDA among Forest Products companies is 3.29, based on 210 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. 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 HeveaBoard Bhd. For the Forest Products industry, the median Debt-to-EBITDA is 3.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HeveaBoard Bhd's current Debt-to-EBITDA is -0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HeveaBoard Bhd stock overvalued right now?
Based on GuruFocus' analysis, HeveaBoard Bhd (XKLS:5095) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.25, compared to a current price of RM0.12 — trading 52% below its estimated fair value. The current Debt-to-EBITDA is -0.67. HeveaBoard Bhd's overall GF Score™ is 24/100 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 HeveaBoard Bhd (XKLS:5095), the current Debt-to-EBITDA is -0.67 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 HeveaBoard Bhd (XKLS:5095) Overvalued in 2026?

Based on GuruFocus' analysis, HeveaBoard Bhd stock appears to be undervalued. The current stock price of RM0.12 is trading 52% below its estimated GF Value™ of RM0.25. GuruFocus considers HeveaBoard Bhd to be Possible Value Trap.

Key valuation signals for XKLS:5095:

  • Debt-to-EBITDA: -0.67
  • GF Value™: RM0.25 vs. price of RM0.12 (52% below fair value)
  • GF Score™: 24/100 with 5 warning signs

No single metric tells the full story. See the XKLS:5095 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


HeveaBoard Bhd Business Description

Address Batu 3, Jalan Tampin, Lot 1942, Gemas, NSN, MYS, 73400
HeveaBoard Bhd operates in the particleboard business. It is engaged in the manufacturing, trading, and distribution of a wide range of particleboard and particleboard-based products. It operates through the Particleboards segment, Ready-to-assemble products segment, Cultivation and trading of gourmet fungi segment, and Other segments. The Particleboards segment is involved in the business of manufacturing and trading of particleboards and other panel boards. The Ready-to-assemble segment generates maximum revenue and is involved in the business of manufacturing and trading of ready-to-assemble furniture. The Others segment is engaged in investment holding. Its products are used for furniture components, dining sets, speaker boxes, door manufacturing, and office systems.
24GF Score

Get the complete analysis for XKLS:5095

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

RM0.12
Price
RM0.25
GF Value