ZENAF (Zenith Energy) Debt-to-EBITDA : -1.42 (As of Mar. 2026)

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What is Zenith Energy Debt-to-EBITDA?

Zenith Energy ZENAF Debt-to-EBITDA is -1.42 as of Mar. 2026. The stock has 6 warning signs investors should review. Among 704 Oil & Gas companies, Zenith Energy ranks worse than 142045.31% on this metric.

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

Zenith Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $3.53 Mil. Zenith Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $35.73 Mil. Zenith Energy's annualized EBITDA for the quarter that ended in Mar. 2026 was $-27.56 Mil. Zenith Energy's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was -1.42.

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 Zenith Energy's Debt-to-EBITDA or its related term are showing as below:

ZENAF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -7.22   Med: -0.38   Max: 12.23
Current: -4.21

During the past 13 years, the highest Debt-to-EBITDA Ratio of Zenith Energy was 12.23. The lowest was -7.22. And the median was -0.38.

ZENAF's Debt-to-EBITDA is ranked worse than
100% of 704 companies
in the Oil & Gas industry
Industry Median: 2.005 vs ZENAF: -4.21

Zenith Energy  (OTCPK:ZENAF) 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.


Zenith Energy Debt-to-EBITDA Related Terms


Zenith Energy Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Zenith Energy'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.

Zenith Energy Debt-to-EBITDA Chart

Zenith Energy Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.27 -7.22 -1.25 12.23 -4.25

Zenith Energy Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 -0.82 2.81 -5.21 4.28 -1.42

ZENAF vs COP, EOG, FANG: Debt-to-EBITDA Comparison

For the Oil & Gas E&P subindustry, Zenith Energy'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.


Zenith Energy Debt-to-EBITDA vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Zenith Energy's Debt-to-EBITDA distribution charts can be found below:

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



Zenith Energy Debt-to-EBITDA Calculation

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

Zenith Energy's Debt-to-EBITDA for the fiscal year 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
=(3.528 + 35.731) / -9.231
=-4.25

Zenith Energy'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
=(3.528 + 35.731) / -27.56
=-1.42

* 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 (Mar. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of -1.42 mean?
Zenith Energy (ZENAF) has a Debt-to-EBITDA of -1.42 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 Zenith Energy. According to the industry distribution chart, Zenith Energy ranks #999999 out of 704 companies in the Oil & Gas industry.
Is Zenith Energy's Debt-to-EBITDA too high?
Zenith Energy's current Debt-to-EBITDA is -1.42. Based on the distribution chart, Zenith Energy ranks #999999 out of 704 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers.
How does Zenith Energy's Debt-to-EBITDA compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Zenith Energy ranks #999999 out of 704 companies for Debt-to-EBITDA. This places Zenith Energy in the lower half of its industry. The industry median Debt-to-EBITDA is 2.01. 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 Oil & Gas company?
The median Debt-to-EBITDA among Oil & Gas companies is 2.01, based on 704 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 Zenith Energy. For the Oil & Gas industry, the median Debt-to-EBITDA is 2.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zenith Energy's current Debt-to-EBITDA is -1.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zenith Energy stock overvalued right now?
Based on GuruFocus' analysis, Zenith Energy (ZENAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.02, compared to a current price of $0.03 — trading 58.1% above its estimated fair value. The current Debt-to-EBITDA is -1.42. 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 Zenith Energy (ZENAF), the current Debt-to-EBITDA is -1.42 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.

Zenith Energy Business Description

Industry EnergyOil & Gas
Address 850 2nd Street, 15th Floor, Bankers Court, Calgary, AB, CAN, T2P 4K9
Zenith Energy Ltd is an international independent oil and gas company with production, exploration, and development assets in the Republic of the Congo, Italy, and Tunisia. The company's strategic focus is the development of revenue-generating oil production assets, as well as low-risk exploration activities in assets with existing production. Its segments are Italy, Tunisia and Others.