Most Leveraged Companies by Debt-to-EBITDA

The 15 companies with the highest debt-to-EBITDA ratios — a key measure of leverage used in credit analysis. Updated 2026-03-31.

Debt-to-EBITDA is the standard leverage metric in credit markets. A ratio above 4x is generally considered highly leveraged, and above 6x is often associated with speculative-grade credit. These companies carry the heaviest debt loads relative to their earnings power.

# Company Sector Risk Debt/EBITDA Risk Score
1 Jetblue Airways
JBLU 		Airlines & Travel 5/10 26.6x 5/10
2 Hewlett Packard Enterprise
HPE 		Enterprise IT & Services 6/10 9.5x 6/10
3 Boeing
BA 		Airlines & Travel 7/10 8.6x 7/10
4 Synopsys
SNPS 		AI Infrastructure & Semiconductors 1/10 8.6x 1/10
5 Iron Mountain
IRM 		Data Centers & REITs 3/10 7.5x 3/10
6 Cvs Health
CVS 		Healthcare & Pharma 4/10 6.9x 4/10
7 American Airlines Group
AAL 		Airlines & Travel 6/10 6.7x 6/10
8 Dominion Energy
D 		Utilities & Power 4/10 6.6x 4/10
9 Exelon
EXC 		Utilities & Power 4/10 5.8x 4/10
10 American Electric Power
AEP 		Utilities & Power 5/10 5.5x 5/10
11 Microchip Technology
MCHP 		AI Infrastructure & Semiconductors 5/10 5.4x 5/10
12 Wec Energy Group
WEC 		Utilities & Power 5/10 5.4x 5/10
13 Duke Energy
DUK 		Utilities & Power 5/10 5.3x 5/10
14 Eversource Energy
ES 		Utilities & Power 5/10 5.3x 5/10
15 Enphase Energy
ENPH 		Clean Energy & EV 6/10 5.1x 6/10

Data sourced from SEC EDGAR XBRL filings. Rankings update automatically each week. See Methodology for scoring details.