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CRCL CRCL Net debt / EBITDA

Net debt / EBITDA at other companies

JPMorgan Chase logo
JPMorgan ChaseJPM
1.2×+0.9×
PayPal Holdings, Inc. logo
PayPal Holdings, Inc.PYPL
-1.8×-2.6×
Coinbase Global, Inc. logo
Coinbase Global, Inc.COIN
-4×+0.2×
Robinhood Markets, Inc. logo
Robinhood Markets, Inc.HOOD
-5.2×-0.9×

Other financials

Income statement

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Revenue$694.1M+20.0%
Operating income$45.0M-51.6%
Net income$55.3M-14.7%
EPS (diluted)$0.21

Balance sheet

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Cash & equivalents$79.2B+29.3%
Total debt$14.8M
Total equity$3.4B+360%
Total assets$80.5B

Cash flow

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Operating cash flow$21.1M-62.8%
CapEx$9.4M+59.6%
Free cash flow$11.7M-76.9%

Valuation

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Market cap$20.03B
Enterprise value-$59.16B
P/S

Profitability

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Operating margin-6.3%-20.8pp
Net margin-8.3%-22.0pp

Returns & leverage

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Return on equity-11.2%
Debt / equity
Current ratio

Where this comes from

Calculated from CRCL’s reported figures.

net debt/ebitda=-206.2×

Based on the most recent quarter.

The official record: CRCL’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is CRCL's net debt / EBITDA?
CRCL (CRCL) reported net debt / EBITDA of -206.2× in Q4 2024.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.