Zecon Bhd (XKLS:7028) Debt-to-EBITDA : 12.94 (As of Mar. 2026) — 78% Above Median

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XKLS:7028 Zecon Bhd XKLS:7028
28 GF Score
Price RM0.47
! 7 Warning Signs
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What is Zecon Bhd Debt-to-EBITDA?

Zecon Bhd XKLS:7028 28 Debt-to-EBITDA is 12.94 as of Mar. 2026, which is 78% above its 10-year median of 7.27. GuruFocus rates XKLS:7028 with a GF Score™ of 28/100. The stock has 7 warning signs investors should review. Among 1,407 Construction companies, Zecon Bhd ranks worse than 86.07% on this metric.

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

Zecon Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was RM106.1 Mil. Zecon Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was RM735.5 Mil. Zecon Bhd's annualized EBITDA for the quarter that ended in Mar. 2026 was RM65.0 Mil. Zecon Bhd's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 12.94.

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

XKLS:7028' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -211.41   Med: 7.27   Max: 19.63
Current: 8.14

During the past 13 years, the highest Debt-to-EBITDA Ratio of Zecon Bhd was 19.63. The lowest was -211.41. And the median was 7.27.

XKLS:7028's Debt-to-EBITDA is ranked worse than
86.07% of 1407 companies
in the Construction industry
Industry Median: 2.14 vs XKLS:7028: 8.14

Zecon Bhd  (XKLS:7028) 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.


Zecon Bhd Debt-to-EBITDA Related Terms


Zecon Bhd Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Zecon 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.

Zecon Bhd Debt-to-EBITDA Chart

Zecon Bhd Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Dec22 Dec23 Dec24
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.63 7.09 10.30 10.69 7.44

Zecon Bhd Quarterly Data
Dec20 Mar21 Sep21 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 9.52 10.69 13.51 3.94 12.94

XKLS:7028 vs PWR, FIX, EME: Debt-to-EBITDA Comparison

For the Engineering & Construction subindustry, Zecon 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.


Zecon Bhd Debt-to-EBITDA vs Construction Industry

For the Construction industry and Industrials sector, Zecon Bhd's Debt-to-EBITDA distribution charts can be found below:

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


XKLS:7028
28GF Score
Zecon Bhd XKLS:7028
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zecon Bhd Debt-to-EBITDA Calculation

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

Zecon Bhd's Debt-to-EBITDA for the fiscal year that ended in Dec. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(33.629 + 781.861) / 109.61
=7.44

Zecon 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
=(106.124 + 735.531) / 65.048
=12.94

* 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 12.94 mean?
Zecon Bhd (XKLS:7028) has a Debt-to-EBITDA of 12.94 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 Zecon Bhd. This is 78% above median its historical median of 7.27. According to the industry distribution chart, Zecon Bhd ranks #1211 out of 1407 companies in the Construction industry, placing it in the top 86.1%.
Is Zecon Bhd's Debt-to-EBITDA too high?
Zecon Bhd's current Debt-to-EBITDA of 12.94 is 78% above median its 10-year median of 7.27. The Construction industry median Debt-to-EBITDA is 2.14. Zecon Bhd's value of 12.94 is 504.7% above this industry median. Based on the distribution chart, Zecon Bhd ranks #1211 out of 1407 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Zecon Bhd has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does Zecon Bhd's Debt-to-EBITDA compare to PWR and FIX?
According to the Construction industry distribution chart, Zecon Bhd ranks #1211 out of 1407 companies for Debt-to-EBITDA. This places Zecon Bhd in the lower half of its industry. The industry median Debt-to-EBITDA is 2.14. Zecon Bhd's value of 12.94 is 504.7% above this benchmark. While the company's 10-year median is 7.27 vs. the industry median of 2.14, Zecon 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 Construction company?
The median Debt-to-EBITDA among Construction companies is 2.14, based on 1,407 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. Zecon Bhd's current Debt-to-EBITDA of 12.94 is 504.7% 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 Zecon Bhd. For the Construction industry, the median Debt-to-EBITDA is 2.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zecon Bhd's current Debt-to-EBITDA is 12.94, which is 78% above median its own 10-year median of 7.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zecon Bhd stock overvalued right now?
Zecon Bhd (XKLS:7028) has a current Debt-to-EBITDA of 12.94. The current Debt-to-EBITDA is 12.94, which is 78% above median its 10-year median of 7.27 and 504.7% above the Construction industry median of 2.14. Zecon Bhd's overall GF Score™ is 28/100 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 Zecon Bhd (XKLS:7028), the current Debt-to-EBITDA is 12.94 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.

Zecon Bhd Business Description

Address Jalan Satok, Menara Zecon, Number 92, Lot 393, 8th Floor, Section 5 KTLD, Kuching, SWK, MYS, 93400
Zecon Bhd provides civil engineering and building construction services. The company operates through the following business segments: Construction, Property Development, Service Concession, Property Holding, Renewable Energy, Hotel Operations, Car Park Management, and Others. The Construction segment engages in piling works, foundation engineering, and building construction. The Property Development segment engages in property holding and development. The Service Concession segment engages in the construction, operation, and maintenance of the hospital. The Other segment engages in management services. The firm derives the majority of its revenue from the Service concession segment.
28GF Score

Get the complete analysis for XKLS:7028

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

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