Boustead Heavy Industries Bhd (XKLS:8133) Debt-to-EBITDA : 4.27 (As of Mar. 2026) — 477% Above Median

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XKLS:8133 Boustead Heavy Industries Corp Bhd XKLS:8133
28 GF Score
Price RM0.48
GF Value RM0.34
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Boustead Heavy Industries Bhd Debt-to-EBITDA?

Boustead Heavy Industries Bhd XKLS:8133 28 Debt-to-EBITDA is 4.27 as of Mar. 2026, which is 477% above its 10-year median of 0.74. GuruFocus rates XKLS:8133 with a GF Score™ of 28/100 and a GF Value™ of RM0.34 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 255 Aerospace & Defense companies, Boustead Heavy Industries Bhd ranks better than 66.67% on this metric.

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

Boustead Heavy Industries Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was RM3.0 Mil. Boustead Heavy Industries Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was RM7.4 Mil. Boustead Heavy Industries Bhd's annualized EBITDA for the quarter that ended in Mar. 2026 was RM2.4 Mil. Boustead Heavy Industries Bhd's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 4.27.

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

XKLS:8133' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -29.63   Med: 0.74   Max: 18.85
Current: 1.02

During the past 13 years, the highest Debt-to-EBITDA Ratio of Boustead Heavy Industries Bhd was 18.85. The lowest was -29.63. And the median was 0.74.

XKLS:8133's Debt-to-EBITDA is ranked better than
66.67% of 255 companies
in the Aerospace & Defense industry
Industry Median: 1.82 vs XKLS:8133: 1.02

Boustead Heavy Industries Bhd  (XKLS:8133) 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.


Boustead Heavy Industries Bhd Debt-to-EBITDA Related Terms


Boustead Heavy Industries Bhd Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Boustead Heavy Industries 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.

Boustead Heavy Industries Bhd Debt-to-EBITDA Chart

Boustead Heavy Industries 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 7.96 18.85 -0.09 0.54 0.93

Boustead Heavy Industries 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 -0.66 -1.66 2.25 0.28 4.27

XKLS:8133 vs SPCX, GE, RTX: Debt-to-EBITDA Comparison

For the Aerospace & Defense subindustry, Boustead Heavy Industries 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.


Boustead Heavy Industries Bhd Debt-to-EBITDA vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Boustead Heavy Industries Bhd's Debt-to-EBITDA distribution charts can be found below:

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


XKLS:8133
28GF Score
Boustead Heavy Industries Corp Bhd XKLS:8133
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Boustead Heavy Industries Bhd Debt-to-EBITDA Calculation

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

Boustead Heavy Industries 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
=(3.239 + 8.063) / 12.182
=0.93

Boustead Heavy Industries 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
=(2.986 + 7.441) / 2.44
=4.27

* 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 4.27 mean?
Boustead Heavy Industries Bhd (XKLS:8133) has a Debt-to-EBITDA of 4.27 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 Boustead Heavy Industries Bhd. This is 477% above median its historical median of 0.74. According to the industry distribution chart, Boustead Heavy Industries Bhd ranks #85 out of 255 companies in the Aerospace & Defense industry, placing it in the top 33.3%.
Is Boustead Heavy Industries Bhd's Debt-to-EBITDA too high?
Boustead Heavy Industries Bhd's current Debt-to-EBITDA of 4.27 is 477% above median its 10-year median of 0.74. The Aerospace & Defense industry median Debt-to-EBITDA is 1.82. Boustead Heavy Industries Bhd's value of 4.27 is 134.6% above this industry median. Based on the distribution chart, Boustead Heavy Industries Bhd ranks #85 out of 255 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Boustead Heavy Industries Bhd has a GF Score™ of 28/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Boustead Heavy Industries Bhd's Debt-to-EBITDA compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Boustead Heavy Industries Bhd ranks #85 out of 255 companies for Debt-to-EBITDA. This puts Boustead Heavy Industries Bhd in the upper half of its industry. The industry median Debt-to-EBITDA is 1.82. Boustead Heavy Industries Bhd's value of 4.27 is 134.6% above this benchmark. While the company's 10-year median is 0.74 vs. the industry median of 1.82, Boustead Heavy Industries 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 an Aerospace & Defense company?
The median Debt-to-EBITDA among Aerospace & Defense companies is 1.82, based on 255 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. Boustead Heavy Industries Bhd's current Debt-to-EBITDA of 4.27 is 134.6% 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 Boustead Heavy Industries Bhd. For the Aerospace & Defense industry, the median Debt-to-EBITDA is 1.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Boustead Heavy Industries Bhd's current Debt-to-EBITDA is 4.27, which is 477% above median its own 10-year median of 0.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boustead Heavy Industries Bhd stock overvalued right now?
Based on GuruFocus' analysis, Boustead Heavy Industries Bhd (XKLS:8133) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.34, compared to a current price of RM0.48 — trading 39.7% above its estimated fair value. The current Debt-to-EBITDA is 4.27, which is 477% above median its 10-year median of 0.74 and 134.6% above the Aerospace & Defense industry median of 1.82. Boustead Heavy Industries Bhd's overall GF Score™ is 28/100 with 8 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 Boustead Heavy Industries Bhd (XKLS:8133), the current Debt-to-EBITDA is 4.27 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.

Is Boustead Heavy Industries Bhd (XKLS:8133) Overvalued in 2026?

Based on GuruFocus' analysis, Boustead Heavy Industries Bhd stock appears to be overvalued. The current stock price of RM0.48 is trading 39.7% above its estimated GF Value™ of RM0.34. GuruFocus considers Boustead Heavy Industries Bhd to be Significantly Overvalued.

Key valuation signals for XKLS:8133:

  • Debt-to-EBITDA: 4.27 (477% above median its 10-year median of 0.74)
  • GF Value™: RM0.34 vs. price of RM0.48 (39.7% above fair value)
  • GF Score™: 28/100 with 8 warning signs
  • Industry Position: 134.6% above the Aerospace & Defense median (#85 of 255)

No single metric tells the full story. See the XKLS:8133 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Boustead Heavy Industries Bhd Business Description

Address 69 Jalan Raja Chulan, 17th Floor, Menara Boustead, Kuala Lumpur, SGR, MYS, 50200
Boustead Heavy Industries Corp Bhd is an investment holding company. The company's operating segments include Defence and Security, Investment and Commercial, and others. It generates maximum revenue from the Defence and Security segment. The Defence and Security segment is principally engaged in maintenance, repair, and overhaul (MRO) of the Royal Malaysian Navy's patrol vessels and submarines. In addition, the company is also involved in the manufacturing, supply, and maintenance of defense-related electronic products.
28GF Score

Get the complete analysis for XKLS:8133

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

RM0.48
Price
RM0.34
GF Value