Salesforce, Inc. (CRM): net debt to ebitda, 10 filed years
Net debt/EBITDA at Salesforce, Inc. was 1.09x in FY2026, the newest filed year. Across the 8 computed years from FY2019 it ranged from 0.21x (FY2021) to 7.26x (FY2022), with a median of 0.96x.
Tonight's figure on the company page: 1.09x, recomputed 2026-10-15. The table is each filed year on its own terms, with the formula below; the current figure may use trailing twelve months or, where the explainer says so, a different denominator.
Year by year
| Fiscal year | Net debt/EBITDA | Read from |
|---|---|---|
| FY2017 The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read. | n/a | 10-K, filed 2017-03-06 |
| FY2018 The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read. | n/a | 10-K, filed 2018-03-09 |
| FY2019 | 0.54x | 10-K, filed 2019-03-08 |
| FY2020 | 2.81x | 10-K, filed 2020-03-05 |
| FY2021 | 0.21x | 10-K, filed 2021-03-17 |
| FY2022 | 7.26x | 10-K, filed 2022-03-11 |
| FY2023 | 4.07x | 10-K, filed 2023-03-08 |
| FY2024 | 0.83x | 10-K, filed 2024-03-06 |
| FY2025 | 0.39x | 10-K, filed 2025-03-05 |
| FY2026 | 1.09x | 10-K, filed 2026-03-02 |
How each year is computed
(Total debt - cash) / EBITDA
Each year is a ratio of lines in that year's filed annual report, with the nightly recompute's own rules for what counts as a filed line. Nothing is estimated, smoothed or filled in: a year that cannot be computed says why.
Read further
A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.