Most Leveraged Companies by Debt-to-EBITDA

The 15 companies with the highest debt-to-EBITDA ratios — a key measure of leverage used in credit analysis. Updated 2026-09-08.

Debt-to-EBITDA is the standard leverage metric in credit markets. A ratio above 4x is generally considered highly leveraged, and above 6x is often associated with speculative-grade credit. These companies carry the heaviest debt loads relative to their earnings power.

# Company Sector Risk Debt/EBITDA Risk Score
1 Datadog
DDOG 		Cloud & Enterprise Software 1/10 204.2x 1/10
2 Zscaler
ZS 		Cloud & Enterprise Software 1/10 75.2x 1/10
3 Jetblue Airways
JBLU 		Airlines & Travel 4/10 26.5x 4/10
4 Newell Brands
NWL 		Retail & Consumer 5/10 14.3x 5/10
5 AMC Entertainment
AMC 		Gaming & Leisure 5/10 13.6x 5/10
6 CoreWeave
CRWV 		Data Centers & REITs 7/10 10.3x 7/10
7 Hewlett Packard Enterprise
HPE 		Enterprise IT & Services 4/10 9.5x 4/10
8 Iron Mountain
IRM 		Data Centers & REITs 3/10 7.9x 3/10
9 Boeing
BA 		Airlines & Travel 8/10 7.3x 8/10
10 American Airlines Group
AAL 		Airlines & Travel 6/10 6.9x 6/10
11 Lumen Technologies
LUMN 		Telecom 2/10 6.9x 2/10
12 Atlassian
TEAM 		Cloud & Enterprise Software 6/10 6.6x 6/10
13 Dominion Energy
D 		Utilities & Power 4/10 6.6x 4/10
14 Synopsys
SNPS 		AI Infrastructure & Semiconductors 2/10 6.4x 2/10
15 Cvs Health
CVS 		Healthcare & Pharma 4/10 6.3x 4/10

Data sourced from SEC EDGAR XBRL filings. Rankings update automatically each week. See Methodology for scoring details.