Tropicana Bhd (XKLS:5401) Debt-to-EBITDA : 22.47 (As of Mar. 2026) — 174% Above Median

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XKLS:5401 Tropicana Corp Bhd XKLS:5401
55 GF Score
Price RM1.20
GF Value RM1.42
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Tropicana Bhd Debt-to-EBITDA?

Tropicana Bhd XKLS:5401 -0.83% 55 Debt-to-EBITDA is 22.47 as of Mar. 2026, which is 174% above its 10-year median of 8.21. GuruFocus rates XKLS:5401 with a GF Score™ of 55/100 and a GF Value™ of RM1.42 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,273 Real Estate companies, Tropicana Bhd ranks worse than 89.32% on this metric.

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

Tropicana Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was RM1,006 Mil. Tropicana Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was RM1,978 Mil. Tropicana Bhd's annualized EBITDA for the quarter that ended in Mar. 2026 was RM133 Mil. Tropicana Bhd's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 22.47.

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

XKLS:5401' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -15.81   Med: 8.21   Max: 26.99
Current: 21.61

During the past 13 years, the highest Debt-to-EBITDA Ratio of Tropicana Bhd was 26.99. The lowest was -15.81. And the median was 8.21.

XKLS:5401's Debt-to-EBITDA is ranked worse than
89.32% of 1273 companies
in the Real Estate industry
Industry Median: 5.66 vs XKLS:5401: 21.61

Tropicana Bhd  (XKLS:5401) 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.


Tropicana Bhd Debt-to-EBITDA Related Terms


Tropicana Bhd Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Tropicana 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.

Tropicana Bhd Debt-to-EBITDA Chart

Tropicana 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 19.34 -15.81 22.14 26.99 17.79

Tropicana 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 11.79 11.65 23.84 22.42 22.47

Tropicana Bhd Debt-to-EBITDA Competitor Comparison

For the Real Estate - Development subindustry, Tropicana 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.


Tropicana Bhd Debt-to-EBITDA vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Tropicana Bhd's Debt-to-EBITDA distribution charts can be found below:

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


XKLS:5401
55GF Score
Tropicana Corp Bhd XKLS:5401
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tropicana Bhd Debt-to-EBITDA Calculation

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

Tropicana 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
=(1088.792 + 1669.622) / 155.071
=17.79

Tropicana 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
=(1005.874 + 1978.218) / 132.824
=22.47

* 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 22.47 mean?
Tropicana Bhd (XKLS:5401) has a Debt-to-EBITDA of 22.47 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 Tropicana Bhd. This is 174% above median its historical median of 8.21. According to the industry distribution chart, Tropicana Bhd ranks #1137 out of 1273 companies in the Real Estate industry, placing it in the top 89.3%.
Is Tropicana Bhd's Debt-to-EBITDA too high?
Tropicana Bhd's current Debt-to-EBITDA of 22.47 is 174% above median its 10-year median of 8.21. The Real Estate industry median Debt-to-EBITDA is 5.66. Tropicana Bhd's value of 22.47 is 297% above this industry median. Based on the distribution chart, Tropicana Bhd ranks #1137 out of 1273 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Tropicana Bhd has a GF Score™ of 55/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tropicana Bhd's Debt-to-EBITDA compare to competitors?
According to the Real Estate industry distribution chart, Tropicana Bhd ranks #1137 out of 1273 companies for Debt-to-EBITDA. This places Tropicana Bhd in the lower half of its industry. The industry median Debt-to-EBITDA is 5.66. Tropicana Bhd's value of 22.47 is 297% above this benchmark. While the company's 10-year median is 8.21 vs. the industry median of 5.66, Tropicana 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 Real Estate company?
The median Debt-to-EBITDA among Real Estate companies is 5.66, based on 1,273 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. Tropicana Bhd's current Debt-to-EBITDA of 22.47 is 297% 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 Tropicana Bhd. For the Real Estate industry, the median Debt-to-EBITDA is 5.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tropicana Bhd's current Debt-to-EBITDA is 22.47, which is 174% above median its own 10-year median of 8.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tropicana Bhd stock overvalued right now?
Based on GuruFocus' analysis, Tropicana Bhd (XKLS:5401) is currently considered Modestly Undervalued. The stock's GF Value™ is RM1.42, compared to a current price of RM1.20 — trading 15.5% below its estimated fair value. The current Debt-to-EBITDA is 22.47, which is 174% above median its 10-year median of 8.21 and 297% above the Real Estate industry median of 5.66. Tropicana Bhd's overall GF Score™ is 55/100 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 Tropicana Bhd (XKLS:5401), the current Debt-to-EBITDA is 22.47 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 Tropicana Bhd (XKLS:5401) Overvalued in 2026?

Based on GuruFocus' analysis, Tropicana Bhd stock appears to be undervalued. The current stock price of RM1.20 is trading 15.5% below its estimated GF Value™ of RM1.42. GuruFocus considers Tropicana Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:5401:

  • Debt-to-EBITDA: 22.47 (174% above median its 10-year median of 8.21)
  • GF Value™: RM1.42 vs. price of RM1.20 (15.5% below fair value)
  • GF Score™: 55/100 with 5 warning signs
  • Industry Position: 297% above the Real Estate median (#1137 of 1273)

No single metric tells the full story. See the XKLS:5401 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tropicana Bhd Business Description

Address No. 2A, Persiaran Surian, Unit 1301, Level 13, Tropicana Gardens Office Tower, Tropicana Indah, Petaling Jaya, SGR, MYS, 47810
Tropicana Corp Bhd has diversified business interests including Property Development & Property Management, Property Investment, Recreation & Resorts, Investment Holdings, and more. The company is organized into three segments - Property development and property management involved in the development of residential and commercial properties; Property investment, recreation, and resort involved in the management and operation of hotels, resorts, golf courses, clubhouse, and investments in commercial and other properties and Investment holding and others that provide landscape services, management and operation of private school services and other operations. Maximum revenue is generated by the property development and property management segment.
55GF Score

Get the complete analysis for XKLS:5401

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

RM1.20
Price
RM1.42
GF Value