Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Elbit SystemsFRA:EB2 +0.58%87 Cash-to-Debt is 1.13 as of Jun. 2026, which is 414% above its 10-year median of 0.22. GuruFocus rates FRA:EB2 with a GF Score™ of 87/100 and a GF Value™ of €382.17 (Significantly Overvalued). Among 354 Aerospace & Defense companies, Elbit Systems ranks better than 52.26% on this metric.
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Elbit Systems's cash to debt ratio for the quarter that ended in Jun. 2026 was 1.13.
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Elbit Systemscould pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for Elbit Systems's Cash-to-Debt or its related term are showing as below:
FRA:EB2'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.22 Max: 1.13
Current: 1.13
During the past 13 years, Elbit Systems's highest Cash to Debt Ratio was 1.13. The lowest was 0.08. And the median was 0.22.
FRA:EB2's Cash-to-Debt is ranked better than 52.26% of 354
companies
in the Aerospace & Defense industry
Industry Median: 0.99
vs FRA:EB2: 1.13
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
Elbit Systems Cash-to-Debt Related Terms
Elbit Systems Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Elbit Systems's Cash-to-Debt can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
For the Aerospace & Defense subindustry, Elbit Systems's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Elbit Systems Cash-to-Debt vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Elbit Systems's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Elbit Systems's Cash-to-Debt falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Elbit Systems (FRA:EB2) has a Cash-to-Debt of 1.13 as of Jun. 2026. This is 414% above median its historical median of 0.22. Over the past decade, Elbit Systems' Cash-to-Debt has ranged from 0.08 to 1.13. According to the industry distribution chart, Elbit Systems ranks #169 out of 354 companies in the Aerospace & Defense industry, placing it in the top 47.7%.
Is Elbit Systems' Cash-to-Debt too high?
Elbit Systems' current Cash-to-Debt of 1.13 is 414% above median its 10-year median of 0.22. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 1.13. The Aerospace & Defense industry median Cash-to-Debt is 0.99. Elbit Systems' value of 1.13 is 14.1% above this industry median. Based on the distribution chart, Elbit Systems ranks #169 out of 354 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Elbit Systems has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Elbit Systems' Cash-to-Debt compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Elbit Systems ranks #169 out of 354 companies for Cash-to-Debt. This puts Elbit Systems in the upper half of its industry. The industry median Cash-to-Debt is 0.99. Elbit Systems' value of 1.13 is 14.1% above this benchmark. Historically, Elbit Systems' own Cash-to-Debt has ranged from 0.08 to 1.13 over the past decade. While the company's 10-year median is 0.22 vs. the industry median of 0.99, Elbit Systems has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for an Aerospace & Defense company?
The median Cash-to-Debt among Aerospace & Defense companies is 0.99, based on 354 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Elbit Systems's current Cash-to-Debt of 1.13 is 14.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Aerospace & Defense industry, the median Cash-to-Debt is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elbit Systems's current Cash-to-Debt is 1.13, which is 414% above median its own 10-year median of 0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elbit Systems stock overvalued right now?
Based on GuruFocus' analysis, Elbit Systems (FRA:EB2) is currently considered Significantly Overvalued. The stock's GF Value™ is €382.17, compared to a current price of €606.50 — trading 58.7% above its estimated fair value. The current Cash-to-Debt is 1.13, which is 414% above median its 10-year median of 0.22 and 14.1% above the Aerospace & Defense industry median of 0.99. Elbit Systems' overall GF Score™ is 87/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Elbit Systems (FRA:EB2), the current Cash-to-Debt is 1.13 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Elbit Systems (FRA:EB2) Overvalued in 2026?
Based on GuruFocus' analysis, Elbit Systems stock appears to be overvalued.
The current stock price of €606.50 is trading 58.7% above its estimated GF Value™ of €382.17.
GuruFocus considers Elbit Systems to be Significantly Overvalued.
Key valuation signals for FRA:EB2:
Cash-to-Debt: 1.13 (414% above median its 10-year median of 0.22)
GF Value™: €382.17 vs. price of €606.50 (58.7% above fair value)
Industry Position: 14.1% above the Aerospace & Defense median (#169 of 354)
No single metric tells the full story. See the FRA:EB2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elbit Systems Ltd is a technology company involved in producing a portfolio of systems and products for aircraft, land, and naval applications. The company's products are used for defense, homeland security and commercial flight capabilities. Its systems and solutions may be installed on new platforms or it may perform a comprehensive modernization program to transform a platform. Elbit Systems gives instructions to its customers on the proper maintenance of its products and will provide support team specialists when the customer cannot fix a problem. The company operates in five segments: Aerospace; C4I and Cyber; ISTAR and EW; Land; and ESA. It derives maximum revenue from Land Segment. Geographically, it operates in Israel; North America; Europe; Asia-Pacific; Latin America; and Others.
87GF Score
Get the complete analysis for FRA:EB2
Cash-to-Debt is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:EB2 has been successfully added to your 
