Truist Financial TFC Net debt / EBITDA

Net debt / EBITDA at other companies

JPMorgan ChaseJPM

1.2×+0.9×

M&T BankMTB

1.4×+0.9×

Bank of AmericaBAC

0.8×+0.5×

Wells Fargo & CompanyWFC

0.6×-1.3×

PNC Financial ServicesPNC

1.8×+0.6×

First Citizens BancSharesFCNCA

4×-0.5×

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.