Dell Technologies Inc. (DELL): net debt to ebitda, 10 filed years
Net debt/EBITDA at Dell Technologies Inc. was 1.85x in FY2026, the newest filed year. Across the 8 computed years from FY2019 it ranged from 1.85x (FY2026) to 5.80x (FY2019), with a median of 2.38x.
Tonight's figure on the company page: 1.85x, 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 2017-03-31 |
| 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 2018-03-29 |
| FY2019 | 5.80x | 10-K, filed 2019-03-29 |
| FY2020 | 5.24x | 10-K, filed 2020-03-27 |
| FY2021 | 3.41x | 10-K, filed 2021-03-26 |
| FY2022 | 2.01x | 10-K, filed 2022-03-24 |
| FY2023 | 2.45x | 10-K, filed 2023-03-30 |
| FY2024 | 2.23x | 10-K, filed 2024-03-25 |
| FY2025 | 2.32x | 10-K, filed 2025-03-25 |
| FY2026 | 1.85x | 10-K, filed 2026-03-16 |
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.