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Xcel Energy XEL Net debt / EBITDA

Net debt / EBITDA at other companies

Nextra Energy logo
Nextra EnergyNEE
6.3×0.0×
WEC Energy Group logo
WEC Energy GroupWEC
5.7×+0.9×
Duke Energy logo
Duke EnergyDUK
5.3×-0.4×
Exelon logo
ExelonEXC
5.3×-0.1×
PG&E logo
PG&EPCG
6.3×+0.2×
CMS
CMS EnergyCMS
6.2×+0.4×

Other financials

Income statement

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Revenue$3.0B-1.2%
Operating income$754.0M+11.4%
Net income$556.0M+15.1%
EPS (diluted)$0.89+5.9%

Balance sheet

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Cash & equivalents$1.8B+56.7%
Total debt$39.2B+21.2%
Total equity$23.8B+20.2%
Total assets$84.8B+16.6%

Cash flow

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Operating cash flow$1.7B+65.1%
CapEx$3.0B+52.0%
Free cash flow-$1.3B-38.0%

Valuation

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Market cap$48.36B+21.9%
Enterprise value$85.84B+21.0%
P/E23.1×+2.6×
P/S4.2×

Profitability

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Gross margin66.6%
Operating margin17.2%
Net margin11.1%

Returns & leverage

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Return on equity9.6%-0.7pp
Debt / equity1.6×0.0×
Current ratio0.8×0.0×

Where this comes from

Calculated from Xcel Energy’s reported figures.

Based on the most recent quarter.

The official record: Xcel Energy’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Xcel Energy's net debt / EBITDA?
Xcel Energy (XEL) reported net debt / EBITDA of 6.6× in Q1 2026.
How has Xcel Energy's net debt / EBITDA changed year-over-year?
Xcel Energy's net debt / EBITDA increased by 10.6% year-over-year, from 6× to 6.6×.
What is the long-term trend for Xcel Energy's net debt / EBITDA?
Over 4 years (2021 to 2025), Xcel Energy's net debt / EBITDA has grown at a 2.4% compound annual growth rate (CAGR), from 22.7× to 24.9×.
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.