Black Hills CorporationBKH

Where BKH's Net Debt / EBITDA sits inside its own 10-year distribution, with the yearly high, low and average.

$71.72-0.52 (-0.72%)Previous close
NYSEUtilitiesDividend King

BKH Net Debt / EBITDA: current value, 10-year range and year-by-year history

Net Debt / EBITDA History

Historically priceyAbove avgAround avgBelow avgHistorically cheap
BKH Net Debt / EBITDA historyBKH Net Debt / EBITDA from Sep 2023 to Mar 2026: low 5.38, high 5.98, latest 5.57.5.335.515.685.866.03Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26med 5.56

BKH Net Debt / EBITDA by year

Yearly range of BKH’s net debt / ebitda from 2016 to 2026. Over the full period it ranged from 5.1 to 9.1, averaging 6.0.

BKH Net Debt / EBITDA — yearly low, average, high and year-end values
YearLowAverageHighYear-end
20265.65.65.65.6
20255.45.45.55.5
20245.45.65.65.6
20235.86.16.25.8
20226.46.56.76.5
20216.86.97.07.0
20205.75.85.85.8
20195.15.55.95.9
20185.35.45.65.3
20175.56.16.65.5
20167.98.59.17.9

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How many years of operating earnings it would take to pay off the company's net debt. The most common leverage ratio — higher means more financial risk and less flexibility.

Formula(Total Debt − Cash) / EBITDA
Full guide
How to read this chart

Watch the trend more than the level. Declining ratio = deleveraging, growing financial flexibility. Rising ratio = increasing leverage, which constrains dividends, buybacks, and future investment.

Key caveats
  • Sector context is essential: 3× is aggressive for a consumer brand but normal for a regulated utility. Always compare to sector peers.
  • Large acquisitions spike the ratio temporarily — check whether the integration plan credibly drives paydown.
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