Cisco Systems, Inc. (CSCO): net debt to ebitda, 10 filed years
Net debt/EBITDA at Cisco Systems, Inc. was 1.49x in FY2026, the newest filed year. Across the 7 computed years from FY2020 it ranged from -0.05x (FY2023) to 1.92x (FY2024), with a median of 0.26x.
Tonight's figure on the company page: 1.49x, 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 2017-09-07 |
| 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 2018-09-06 |
| FY2019 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 2019-09-05 |
| FY2020 | 0.26x | 10-K, filed 2020-09-03 |
| FY2021 | 0.26x | 10-K, filed 2021-09-09 |
| FY2022 | 0.24x | 10-K, filed 2022-09-08 |
| FY2023 | -0.05x | 10-K, filed 2023-09-07 |
| FY2024 | 1.92x | 10-K, filed 2024-09-05 |
| FY2025 | 1.71x | 10-K, filed 2025-09-03 |
| FY2026 | 1.49x | 10-K, filed 2026-09-02 |
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.