Makstil AD (XMAE:STIL) Debt-to-EBITDA : N/A (As of Dec. 2025)

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XMAE:STIL Makstil AD XMAE:STIL
74 GF Score
Price MKD116.00
GF Value MKD107.94
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Makstil AD Debt-to-EBITDA?

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

Makstil AD's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was MKD1,966 Mil. Makstil AD's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was MKD765 Mil. Makstil AD's annualized EBITDA for the quarter that ended in Dec. 2025 was MKD0 Mil.

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 Makstil AD's Debt-to-EBITDA or its related term are showing as below:

XMAE:STIL' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.58   Med: 6.1   Max: 40.16
Current: 3.21

During the past 13 years, the highest Debt-to-EBITDA Ratio of Makstil AD was 40.16. The lowest was 1.58. And the median was 6.10.

XMAE:STIL's Debt-to-EBITDA is ranked worse than
53.94% of 495 companies
in the Steel industry
Industry Median: 2.92 vs XMAE:STIL: 3.21

Makstil AD  (XMAE:STIL) 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.


Makstil AD Debt-to-EBITDA Related Terms


Makstil AD Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Makstil AD'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.

Makstil AD Debt-to-EBITDA Chart

Makstil AD 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 2.36 1.58 2.63 2.76 2.82

Makstil AD Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 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 2.52 0.00 9.38 0.00 N/A

XMAE:STIL vs NUE, STLD, RS: Debt-to-EBITDA Comparison

For the Steel subindustry, Makstil AD'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.


Makstil AD Debt-to-EBITDA vs Steel Industry

For the Steel industry and Basic Materials sector, Makstil AD's Debt-to-EBITDA distribution charts can be found below:

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


XMAE:STIL
74GF Score
Makstil AD XMAE:STIL
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Makstil AD Debt-to-EBITDA Calculation

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

Makstil AD'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
=(1965.615 + 765.179) / 968.926
=2.82

Makstil AD'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
=(1965.615 + 765.179) / 0
=N/A

* 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 (Dec. 2025) EBITDA data.

Is Makstil AD (XMAE:STIL) Overvalued in 2026?

Based on GuruFocus' analysis, Makstil AD stock appears to be overvalued. The current stock price of MKD116.00 is trading 7.5% above its estimated GF Value™ of MKD107.94. GuruFocus considers Makstil AD to be Fairly Valued.

Key valuation signals for XMAE:STIL:

  • Debt-to-EBITDA: N/A
  • GF Value™: MKD107.94 vs. price of MKD116.00 (7.5% above fair value)
  • GF Score™: 74/100 with 4 warning signs

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


Makstil AD Business Description

Address 16 Makedonska brigada, 18, Skopje, MKD, 1000
Makstil AD is a producer of hot-rolled heavy plates in the Balkan region. The company produces flat-rolled products such as hot rolled plates, hot rolled coils, cold rolled strips and sheets, galvanized strips and sheets and pre-painted coated strips.
74GF Score

Get the complete analysis for XMAE:STIL

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

MKD116.00
Price
MKD107.94
GF Value