Thales annual debt-to-ebitda ratio
2020
2021
2022
2023
2024
2025
Thales Debt-to-EBITDA Ratio Growth & History (HO)
Thales's debt-to-ebitda ratio was 1.95 for fiscal 2025.
View full Thales company overviewThales annual debt-to-ebitda ratio history
| Fiscal year | Period ended | Debt-to-EBITDA ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.95 | −1.29 | −39.90% |
| 2024 | 2024-12-31 | 3.24 | −0.56 | −14.84% |
| 2023 | 2023-12-31 | 3.80 | 1.50 | +65.24% |
| 2022 | 2022-12-31 | 2.30 | −0.33 | −12.43% |
| 2021 | 2021-12-31 | 2.63 | −1.67 | −38.85% |
| 2020 | 2020-12-31 | 4.29 | — | — |
Thales debt-to-ebitda ratio trends
Over the last five fiscal years, Thales's debt-to-ebitda ratio decreased from 4.29 to 1.95, a change of −2.35.
About the metric
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.
Calculation and source
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.
Review Thales source filings ↗Community posts
Thales sees sales near or above its target as defence orders expand
Thales ($HO) reported €19.12 billion of orders in the first nine months of 2026, up 14% as reported and 15% organically. Revenue increased 7.6% as reported and 8.1% organically to €16.42 billion. Defence sales grew 13% organically, substant ...
