Vornado Realty Trust annual debt-to-ebitda ratio
2014
2015
2016
2017
2018
2022
2023
2024
2025
Vornado Realty Trust Debt-to-EBITDA Ratio Growth & History (VNO)
Vornado Realty Trust's debt-to-ebitda ratio was 1.68 for fiscal 2025.
View full Vornado Realty Trust company overviewVornado Realty Trust annual debt-to-ebitda ratio history
| Fiscal year | Period ended | Debt-to-EBITDA ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.68 | −2.09 | −55.45% |
| 2024 | 2024-12-31 | 3.77 | −0.13 | −3.38% |
| 2023 | 2023-12-31 | 3.90 | −3.89 | −49.93% |
| 2022 | 2022-12-31 | 7.79 | — | — |
| 2018 | 2018-12-31 | 0.71 | 0.05 | +7.27% |
| 2017 | 2017-12-31 | 0.66 | 0.34 | +107.63% |
| 2016 | 2016-12-31 | 0.32 | 0.16 | +105.06% |
| 2015 | 2015-12-31 | 0.15 | 0.15 | — |
| 2014 | 2014-12-31 | 0.00 | — | — |
Vornado Realty Trust quarterly debt-to-ebitda ratio
Q4.14
Q1.15
Q2.15
Q3.15
Q4.15
Q1.16
Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-EBITDA ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 3.57 | — | — |
| Q1 2026 | 2026-03-31 | 2.13 | — | — |
| Q4 2018 | 2018-12-31 | 0.71 | 0.05 | +7.27% |
| Q3 2018 | 2018-09-30 | 0.67 | 0.37 | +123.03% |
| Q2 2018 | 2018-06-30 | 0.67 | 0.37 | +121.42% |
| Q1 2018 | 2018-03-31 | 0.67 | 0.39 | +135.94% |
| Q4 2017 | 2017-12-31 | 0.66 | 0.34 | +107.63% |
| Q3 2017 | 2017-09-30 | 0.30 | −0.09 | −22.98% |
| Q2 2017 | 2017-06-30 | 0.30 | −0.06 | −15.74% |
| Q1 2017 | 2017-03-31 | 0.29 | −0.07 | −20.04% |
| Q4 2016 | 2016-12-31 | 0.32 | 0.16 | +105.06% |
| Q3 2016 | 2016-09-30 | 0.39 | 0.39 | — |
| Q2 2016 | 2016-06-30 | 0.36 | 0.36 | — |
| Q1 2016 | 2016-03-31 | 0.36 | 0.36 | — |
| Q4 2015 | 2015-12-31 | 0.15 | 0.15 | — |
| Q3 2015 | 2015-09-30 | 0.00 | — | — |
| Q2 2015 | 2015-06-30 | 0.00 | — | — |
| Q1 2015 | 2015-03-31 | 0.00 | — | — |
| Q4 2014 | 2014-12-31 | 0.00 | — | — |
Vornado Realty Trust debt-to-ebitda ratio trends
Between the periods ended 2014-12-31 and 2025-12-31, Vornado Realty Trust's debt-to-ebitda ratio increased from 0.00 to 1.68, a change of 1.68. The latest reported quarter, Q2 2026, shows 3.57.
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.
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