Microsoft Corporation (MSFT): net debt to ebitda, 10 filed years
Net debt/EBITDA at Microsoft Corporation was 0.54x in FY2026, the newest filed year. Across the 10 computed years from FY2017 it ranged from 0.43x (FY2023) to 2.46x (FY2017), with a median of 0.74x.
Tonight's figure on the company page: 0.54x, 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 | 2.46x | 10-K, filed 2017-08-02 |
| FY2018 | 1.73x | 10-K, filed 2018-08-03 |
| FY2019 | 1.40x | 10-K, filed 2019-08-01 |
| FY2020 | 1.05x | 10-K, filed 2020-07-30 |
| FY2021 | 0.83x | 10-K, filed 2021-07-29 |
| FY2022 | 0.65x | 10-K, filed 2022-07-28 |
| FY2023 | 0.43x | 10-K, filed 2023-07-27 |
| FY2024 | 0.61x | 10-K, filed 2024-07-30 |
| FY2025 | 0.51x | 10-K, filed 2025-07-30 |
| FY2026 | 0.54x | 10-K, filed 2026-07-29 |
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.