KeyCorp KEY Net debt / EBITDA

Net debt / EBITDA at other companies

JPMorgan ChaseJPM

1.2×+0.9×

U.S. BancorpUSB

1.2×+0.1×

M&T BankMTB

1.4×+0.9×

Huntington BancsharesHBAN

0.5×+0.1×

PNC Financial ServicesPNC

1.8×+0.6×

Citizens Financial GroupCFG

-0×-0.1×

Questions, answered.

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.