Casella Waste Systems Debt-to-EBITDA Ratio Growth & History (CWST)
Casella Waste Systems's debt-to-ebitda ratio was 3.38 for fiscal 2025.
View full Casella Waste Systems company overviewCasella Waste Systems annual debt-to-ebitda ratio history
| Fiscal year | Period ended | Debt-to-EBITDA ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 3.38 | −0.59 | −14.91% |
| 2024 | 2024-12-31 | 3.97 | −0.52 | −11.64% |
| 2023 | 2023-12-31 | 4.50 | 1.49 | +49.36% |
| 2022 | 2022-12-31 | 3.01 | −0.44 | −12.84% |
| 2021 | 2021-12-31 | 3.46 | −0.66 | −16.08% |
| 2020 | 2020-12-31 | 4.12 | −0.42 | −9.24% |
| 2019 | 2019-12-31 | 4.54 | −0.50 | −9.92% |
| 2018 | 2018-12-31 | 5.04 | −5.01 | −49.89% |
| 2017 | 2017-12-31 | 10.05 | 5.13 | +104.23% |
| 2016 | 2016-12-31 | 4.92 | −0.63 | −11.36% |
| 2015 | 2015-12-31 | 5.55 | — | — |
| 2014 · Apr 30 | 2014-04-30 | 7.03 | −0.16 | −2.24% |
| 2013 · Apr 30 | 2013-04-30 | 7.19 | −2.80 | −28.02% |
| 2012 | 2012-04-30 | 9.99 | 4.72 | +89.56% |
| 2011 | 2011-04-30 | 5.27 | — | — |
Casella Waste Systems quarterly debt-to-ebitda ratio
| Fiscal quarter | Period ended | Debt-to-EBITDA ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 3.73 | 0.05 | +1.38% |
| Q1 2026 | 2026-03-31 | 3.30 | −0.54 | −14.06% |
| Q4 2025 | 2025-12-31 | 3.38 | −0.59 | −14.91% |
| Q3 2025 | 2025-09-30 | 3.43 | −0.63 | −15.43% |
| Q2 2025 | 2025-06-30 | 3.68 | −0.22 | −5.55% |
| Q1 2025 | 2025-03-31 | 3.84 | −0.37 | −8.81% |
| Q4 2024 | 2024-12-31 | 3.97 | −0.52 | −11.64% |
| Q3 2024 | 2024-09-30 | 4.05 | −0.80 | −16.56% |
| Q2 2024 | 2024-06-30 | 3.90 | −1.13 | −22.42% |
| Q1 2024 | 2024-03-31 | 4.21 | 1.27 | +42.95% |
| Q4 2023 | 2023-12-31 | 4.50 | 1.49 | +49.36% |
| Q3 2023 | 2023-09-30 | 4.86 | 1.80 | +58.99% |
| Q2 2023 | 2023-06-30 | 5.02 | 1.77 | +54.43% |
| Q1 2023 | 2023-03-31 | 2.95 | −0.52 | −15.04% |
| Q4 2022 | 2022-12-31 | 3.01 | −0.44 | −12.84% |
| Q3 2022 | 2022-09-30 | 3.06 | −0.54 | −15.09% |
| Q2 2022 | 2022-06-30 | 3.25 | −0.52 | −13.90% |
| Q1 2022 | 2022-03-31 | 3.47 | −0.49 | −12.29% |
| Q4 2021 | 2021-12-31 | 3.46 | −0.66 | −16.08% |
| Q3 2021 | 2021-09-30 | 3.60 | −0.60 | −14.34% |
| Q2 2021 | 2021-06-30 | 3.78 | −0.55 | −12.77% |
| Q1 2021 | 2021-03-31 | 3.95 | −0.66 | −14.25% |
| Q4 2020 | 2020-12-31 | 4.12 | −0.42 | −9.24% |
| Q3 2020 | 2020-09-30 | 4.20 | −1.40 | −24.96% |
| Q2 2020 | 2020-06-30 | 4.33 | −0.51 | −10.54% |
| Q1 2020 | 2020-03-31 | 4.61 | −0.29 | −5.93% |
| Q4 2019 | 2019-12-31 | 4.54 | −0.50 | −9.92% |
| Q3 2019 | 2019-09-30 | 5.60 | 1.27 | +29.43% |
| Q2 2019 | 2019-06-30 | 4.84 | 0.14 | +3.04% |
| Q1 2019 | 2019-03-31 | 4.90 | −6.30 | −56.24% |
| Q4 2018 | 2018-12-31 | 5.04 | −5.01 | −49.89% |
| Q3 2018 | 2018-09-30 | 4.33 | −5.82 | −57.37% |
| Q2 2018 | 2018-06-30 | 4.70 | −6.12 | −56.60% |
| Q1 2018 | 2018-03-31 | 11.20 | 6.46 | +136.45% |
| Q4 2017 | 2017-12-31 | 10.05 | 5.13 | +104.23% |
| Q3 2017 | 2017-09-30 | 10.15 | 5.12 | +101.71% |
| Q2 2017 | 2017-06-30 | 10.82 | 5.68 | +110.60% |
| Q1 2017 | 2017-03-31 | 4.74 | −0.73 | −13.36% |
| Q4 2016 | 2016-12-31 | 4.92 | −0.63 | −11.36% |
| Q3 2016 | 2016-09-30 | 5.03 | — | — |
| Q2 2016 | 2016-06-30 | 5.14 | — | — |
| Q1 2016 | 2016-03-31 | 5.47 | — | — |
| Q4 2015 | 2015-12-31 | 5.55 | — | — |
| Q3 2014 | 2014-01-31 | 6.49 | −9.93 | −60.48% |
| Q2 2014 | 2013-10-31 | 6.38 | −5.35 | −45.64% |
| Q1 2014 | 2013-07-31 | 6.77 | −4.59 | −40.39% |
| Q4 2013 · Apr 30 | 2013-04-30 | 7.19 | −2.80 | −28.02% |
| Q3 2013 | 2013-01-31 | 16.41 | 10.68 | +186.06% |
| Q2 2013 | 2012-10-31 | 11.73 | 6.16 | +110.59% |
| Q1 2013 | 2012-07-31 | 11.36 | 5.81 | +104.89% |
| Q4 2012 | 2012-04-30 | 9.99 | 4.72 | +89.56% |
| Q3 2012 | 2012-01-31 | 5.74 | — | — |
| Q2 2012 | 2011-10-31 | 5.57 | — | — |
| Q1 2012 | 2011-07-31 | 5.54 | — | — |
| Q4 2011 | 2011-04-30 | 5.27 | — | — |
Casella Waste Systems debt-to-ebitda ratio trends
Over the last five fiscal years, Casella Waste Systems's debt-to-ebitda ratio decreased from 4.12 to 3.38, a change of −0.74. The latest reported quarter, Q2 2026, shows 3.73.
What the debt-to-EBITDA ratio means
Debt-to-EBITDA compares interest-bearing debt with operating earnings before interest, taxes, depreciation, and amortization. It is commonly used to assess leverage, but it is generally unsuitable for banks and other financial companies.
How debt-to-EBITDA is calculated
TickerStat divides period-end total debt by annual EBITDA. Quarterly observations use trailing-12-month EBITDA. Periods with zero or negative EBITDA are excluded because the leverage multiple would not be meaningful. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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