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Photocat ASXSAT:PCAT 9 Debt-to-EBITDA is 0.43 as of Dec. 2025, which is 23% above its 10-year median of 0.35. GuruFocus rates XSAT:PCAT with a GF Score™ of 9/100. The stock has 3 warning signs investors should review. Among 1,235 Chemicals companies, Photocat AS ranks better than 71.34% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
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 Photocat AS's Debt-to-EBITDA or its related term are showing as below:
XSAT:PCAT'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1.08 Med: 0.35 Max: 23.63
Current: 0.85
During the past 13 years, the highest Debt-to-EBITDA Ratio of Photocat AS was 23.63. The lowest was -1.08. And the median was 0.35.
XSAT:PCAT's Debt-to-EBITDA is ranked better than 71.34% of 1235
companies
in the Chemicals industry
Industry Median: 2.16
vs XSAT:PCAT: 0.85
Photocat AS (XSAT:PCAT) Debt-to-EBITDA Explanation
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.
Photocat AS Debt-to-EBITDA Related Terms
Photocat AS Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Photocat AS'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.
XSAT:PCAT vs LIN, SHW, ECL: Debt-to-EBITDA Comparison
For the Specialty Chemicals subindustry, Photocat AS'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.
Photocat AS Debt-to-EBITDA vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Photocat AS's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Photocat AS's Debt-to-EBITDA falls into.
* 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.
Photocat AS (XSAT:PCAT) has a Debt-to-EBITDA of 0.43 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 Photocat AS. This is 23% above median its historical median of 0.35. According to the industry distribution chart, Photocat AS ranks #354 out of 1235 companies in the Chemicals industry, placing it in the top 28.7%.
Is Photocat AS's Debt-to-EBITDA too high?
Photocat AS's current Debt-to-EBITDA of 0.43 is 23% above median its 10-year median of 0.35. The Chemicals industry median Debt-to-EBITDA is 2.16. Photocat AS's value of 0.43 is 80.1% below this industry median. Based on the distribution chart, Photocat AS ranks #354 out of 1235 companies in the Chemicals industry, which is above the industry midpoint. Overall, Photocat AS has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Photocat AS's Debt-to-EBITDA compare to LIN and SHW?
According to the Chemicals industry distribution chart, Photocat AS ranks #354 out of 1235 companies for Debt-to-EBITDA. This puts Photocat AS in the upper half of its industry. The industry median Debt-to-EBITDA is 2.16. Photocat AS's value of 0.43 is 80.1% below this benchmark. While the company's 10-year median is 0.35 vs. the industry median of 2.16, Photocat AS has consistently been below 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 Chemicals company?
The median Debt-to-EBITDA among Chemicals companies is 2.16, based on 1,235 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. Photocat AS's current Debt-to-EBITDA of 0.43 is 80.1% below 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 Photocat AS. For the Chemicals industry, the median Debt-to-EBITDA is 2.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Photocat AS's current Debt-to-EBITDA is 0.43, which is 23% above median its own 10-year median of 0.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Photocat AS stock overvalued right now?
Photocat AS (XSAT:PCAT) has a current Debt-to-EBITDA of 0.43. The current Debt-to-EBITDA is 0.43, which is 23% above median its 10-year median of 0.35 and 80.1% below the Chemicals industry median of 2.16. Photocat AS's overall GF Score™ is 9/100 with 3 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 Photocat AS (XSAT:PCAT), the current Debt-to-EBITDA is 0.43 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.
Photocat AS is a Danish green tech company has developed photocatalytic liquids and solutions designed to improve environmental conditions and potentially deliver life-saving enhancements to air quality. Its solutions are developed with both economic and scientific objectives, enabling its customers to add enhanced value when delivering their own products, such as roofing membranes, coatings, roads, and flooring. The company markets its products under the NOxOFF, Actifloor, ShineOn, and Photocat Garden trademarks. All products are currently in the early stages of their lifecycle, due to the nature of the underlying technology and processes. Its solutions include NOxOFF Concrete, NOxOFF Bitumen, NOxOFF Asphalt, Photocat Garden, and Actifloor.
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