TD Net Debt / EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
Net Debt / EBITDA History
Historically priceyAbove avgAround avgBelow avgHistorically cheap
TD Net Debt / EBITDA by year
Yearly range of TD’s net debt / ebitda from 2016 to 2026. Over the full period it ranged from 3.2 to 42.0, averaging 19.5.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 13.1 | 15.7 | 20.6 | 13.5 |
| 2025 | 19.4 | 25.2 | 39.0 | 20.9 |
| 2024 | 30.8 | 35.9 | 42.0 | 37.2 |
| 2023 | 20.6 | 25.1 | 31.3 | 31.3 |
| 2022 | 13.4 | 15.5 | 17.0 | 16.1 |
| 2021 | 11.6 | 12.7 | 15.1 | 12.2 |
| 2020 | 19.7 | 22.5 | 24.3 | 19.7 |
| 2019 | 21.6 | 23.8 | 25.7 | 25.7 |
| 2018 | 5.1 | 9.6 | 21.3 | 21.3 |
| 2017 | 3.2 | 8.0 | 19.6 | 19.6 |
| 2016 | 17.5 | 17.5 | 17.5 | 17.5 |
Get notified when TD Net Debt / EBITDA crosses a threshold
Free — one alert setup, notifications by push, Telegram, or Discord.
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) / EBITDAHow 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.
Pro — up to 30-year history
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.