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Dell Technologies DELL Net debt / EBITDA

Net debt / EBITDA at other companies

HP logo
HPHPQ
-0.5×
International Business Machines logo
International Business MachinesIBM
3.8×-1.3×
NetApp logo
NetAppNTAP
0.4×-0.1×
Amazon logo
AmazonAMZN
0.9×+0.2×
Super Micro Computer, Inc. logo
Super Micro Computer, Inc.SMCI
-1.6×-1.8×
Hewlett Packard Enterprise logo
Hewlett Packard EnterpriseHPE
3.8×+2.2×

Other financials

Income statement

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Revenue$43.8B+87.5%
Gross profit$7.8B+57.6%
Operating income$3.7B+214%
Net income$3.4B+256%
EPS (diluted)$5.24+282%

Balance sheet

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Cash & equivalents$11.6B+50.4%
Total debt$31.9B+7.9%
Total equity-$1.4B+53.6%
Total assets$114.91B+32.3%

Cash flow

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Operating cash flow$4.1B+46.0%
CapEx$963.0M+69.5%
Free cash flow$3.1B+40.0%

Valuation

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Market cap$271.76B+106%
Enterprise value$292.09B+78.0%
P/E32.3×+3.4×
P/S+0.7×

Profitability

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Gross margin19.1%-3.0pp
Operating margin7.9%+1.3pp
Net margin6.3%+1.6pp

Returns & leverage

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Return on equity138%
Debt / equity5.6×
Current ratio0.9×+0.1×

Where this comes from

Calculated from Dell Technologies’s reported figures.

Based on the most recent quarter.

The official record: Dell Technologies’s 10-Q, filed June 9, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Dell Technologies's net debt / EBITDA?
Dell Technologies (DELL) reported net debt / EBITDA of 1.5× in Q1 2026.
How has Dell Technologies's net debt / EBITDA changed year-over-year?
Dell Technologies's net debt / EBITDA decreased by 35.5% year-over-year, from 2.3× to 1.5×.
What is the long-term trend for Dell Technologies's net debt / EBITDA?
Over 4 years (2022 to 2026), Dell Technologies's net debt / EBITDA has grown at a -9.4% compound annual growth rate (CAGR), from 12.6× to 8.5×.
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.