Atrys Health (XMAD:ATRY) Debt-to-EBITDA : -5.35 (As of Dec. 2025)

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XMAD:ATRY Atrys Health SA XMAD:ATRY
65 GF Score
Price €2.37
GF Value €3.15
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Atrys Health Debt-to-EBITDA?

Atrys Health XMAD:ATRY -1.86% 65 Debt-to-EBITDA is -5.35 as of Dec. 2025. GuruFocus rates XMAD:ATRY with a GF Score™ of 65/100 and a GF Value™ of €3.15 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 291 Biotechnology companies, Atrys Health ranks worse than 343642.27% on this metric.

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

Atrys Health's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was €223.9 Mil. Atrys Health's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was €34.0 Mil. Atrys Health's annualized EBITDA for the quarter that ended in Dec. 2025 was €-48.2 Mil. Atrys Health's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 was -5.35.

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 Atrys Health's Debt-to-EBITDA or its related term are showing as below:

XMAD:ATRY' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -29.26   Med: 10.3   Max: 24.67
Current: -29.26

During the past 10 years, the highest Debt-to-EBITDA Ratio of Atrys Health was 24.67. The lowest was -29.26. And the median was 10.30.

XMAD:ATRY's Debt-to-EBITDA is ranked worse than
100% of 291 companies
in the Biotechnology industry
Industry Median: 1.14 vs XMAD:ATRY: -29.26

Atrys Health  (XMAD:ATRY) 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.


Atrys Health Debt-to-EBITDA Related Terms


Atrys Health Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Atrys Health'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.

Atrys Health Debt-to-EBITDA Chart

Atrys Health 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 22.33 17.59 8.75 15.03 -25.88

Atrys Health Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 12.08 14.87 18.58 8.19 -5.35

XMAD:ATRY vs VRTX, REGN, ALNY: Debt-to-EBITDA Comparison

For the Biotechnology subindustry, Atrys Health'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.


Atrys Health Debt-to-EBITDA vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Atrys Health's Debt-to-EBITDA distribution charts can be found below:

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


XMAD:ATRY
65GF Score
Atrys Health SA XMAD:ATRY
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Atrys Health Debt-to-EBITDA Calculation

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

Atrys Health'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
=(223.902 + 33.964) / -9.964
=-25.88

Atrys Health's annualized Debt-to-EBITDA for the quarter 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
=(223.902 + 33.964) / -48.232
=-5.35

* 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 (Dec. 2025) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of -5.35 mean?
Atrys Health (XMAD:ATRY) has a Debt-to-EBITDA of -5.35 as of Dec. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Atrys Health. According to the industry distribution chart, Atrys Health ranks #999999 out of 291 companies in the Biotechnology industry.
Is Atrys Health's Debt-to-EBITDA too high?
Atrys Health's current Debt-to-EBITDA is -5.35. Based on the distribution chart, Atrys Health ranks #999999 out of 291 companies in the Biotechnology industry, which is in the bottom quartile relative to peers. Overall, Atrys Health has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Atrys Health's Debt-to-EBITDA compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Atrys Health ranks #999999 out of 291 companies for Debt-to-EBITDA. This places Atrys Health in the lower half of its industry. The industry median Debt-to-EBITDA is 1.14. 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 Biotechnology company?
The median Debt-to-EBITDA among Biotechnology companies is 1.14, based on 291 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 Atrys Health. For the Biotechnology industry, the median Debt-to-EBITDA is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Atrys Health's current Debt-to-EBITDA is -5.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atrys Health stock overvalued right now?
Based on GuruFocus' analysis, Atrys Health (XMAD:ATRY) is currently considered Modestly Undervalued. The stock's GF Value™ is €3.15, compared to a current price of €2.37 — trading 24.8% below its estimated fair value. The current Debt-to-EBITDA is -5.35. Atrys Health's overall GF Score™ is 65/100 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 Atrys Health (XMAD:ATRY), the current Debt-to-EBITDA is -5.35 as of Dec. 2025. 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 Atrys Health (XMAD:ATRY) Overvalued in 2026?

Based on GuruFocus' analysis, Atrys Health stock appears to be undervalued. The current stock price of €2.37 is trading 24.8% below its estimated GF Value™ of €3.15. GuruFocus considers Atrys Health to be Modestly Undervalued.

Key valuation signals for XMAD:ATRY:

  • Debt-to-EBITDA: -5.35
  • GF Value™: €3.15 vs. price of €2.37 (24.8% below fair value)
  • GF Score™: 65/100 with 5 warning signs

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


Atrys Health Business Description

Other Exchanges A2T:Germany
Address Calle Provenca, 392 planta baja, Barcelona, ESP, 08025
Atrys Health SA is a Spain based biomedical company which focuses on developing tools for the diagnosis and treatment of cancer and precancerous conditions. It offers diagnostic services in the fields of pathology, hematology, molecular pathology, and genetics. The company uses telemedicine to provide its services in the medical specialties of radiology, cardiology, ophthalmology, and dermatology.
65GF Score

Get the complete analysis for XMAD:ATRY

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

€2.37
Price
€3.15
GF Value