Dynex Capital, Inc.DX

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

$12.90+0.07 (+0.55%)Previous close
NYSEReal Estate

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

Net Debt / EBITDA History

Historically priceyAbove avgAround avgBelow avgHistorically cheap
DX Net Debt / EBITDA historyDX Net Debt / EBITDA from Sep 2023 to Jun 2026: low -0.97, high 28.57, latest 28.57.-3.345.2313.822.3730.94Sep 23Mar 24Sep 24Jun 25Dec 25Jun 26med -0.57

DX Net Debt / EBITDA by year

Yearly range of DX’s net debt / ebitda from 2016 to 2026. Over the full period it ranged from -48.3 to 31.8, averaging 6.6.

DX Net Debt / EBITDA — yearly low, average, high and year-end values
YearLowAverageHighYear-end
202626.427.528.628.6
2025-1.08.919.817.5
2024-0.93.014.514.5
2023-4.913.231.8-0.6
202210.216.623.312.4
20214.113.623.023.0
2020-48.3-6.015.9-1.4
20190.21.43.51.6
2018-1.4-0.6-0.3-0.5
2017-1.4-1.0-0.6-1.0
2016-0.86.614.0-0.8

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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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