Athens International Airport (ATH:AIA) Debt-to-EBITDA : 2.12 (As of Dec. 2025) — Near Median

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ATH:AIA Athens International Airport SA ATH:AIA
39 GF Score
Price €10.52
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What is Athens International Airport Debt-to-EBITDA?

Athens International Airport ATH:AIA -0.94% 39 Debt-to-EBITDA is 2.12 as of Dec. 2025, which is 7% below its 10-year median of 2.27. GuruFocus rates ATH:AIA with a GF Score™ of 39/100. The stock has 5 warning signs investors should review. Among 864 Transportation companies, Athens International Airport ranks better than 56.37% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

Athens International Airport's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was €72.6 Mil. Athens International Airport's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was €850.5 Mil. Athens International Airport's annualized EBITDA for the quarter that ended in Dec. 2025 was €436.4 Mil. Athens International Airport's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 was 2.12.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Athens International Airport's Debt-to-EBITDA or its related term are showing as below:

ATH:AIA' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.02   Med: 2.27   Max: 13.33
Current: 2.27

During the past 7 years, the highest Debt-to-EBITDA Ratio of Athens International Airport was 13.33. The lowest was 2.02. And the median was 2.27.

ATH:AIA's Debt-to-EBITDA is ranked better than
56.37% of 864 companies
in the Transportation industry
Industry Median: 2.64 vs ATH:AIA: 2.27

Athens International Airport  (ATH:AIA) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


Athens International Airport Debt-to-EBITDA Related Terms


Athens International Airport Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Athens International Airport's Debt-to-EBITDA 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.

Athens International Airport Debt-to-EBITDA Chart

Athens International Airport Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial 2.84 2.86 2.23 2.02 2.27

Athens International Airport Semi-Annual Data
Dec19 Dec20 Dec21 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.87 2.33 1.82 2.49 2.12

ATH:AIA vs JOBY: Debt-to-EBITDA Comparison

For the Airports & Air Services subindustry, Athens International Airport's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.


Athens International Airport Debt-to-EBITDA vs Transportation Industry

For the Transportation industry and Industrials sector, Athens International Airport's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Athens International Airport's Debt-to-EBITDA falls into.


ATH:AIA
39GF Score
Athens International Airport SA ATH:AIA
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
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Athens International Airport Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Athens International Airport's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(72.601 + 850.549) / 407.544
=2.27

Athens International Airport's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(72.601 + 850.549) / 436.41
=2.12

* 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.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is two times the quarterly (Dec. 2025) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 2.12 mean?
Athens International Airport (ATH:AIA) has a Debt-to-EBITDA of 2.12 as of Dec. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Athens International Airport. This is near median its historical median of 2.27. Over the past decade, Athens International Airport's Debt-to-EBITDA has ranged from 2.02 to 13.33. According to the industry distribution chart, Athens International Airport ranks #377 out of 864 companies in the Transportation industry, placing it in the top 43.6%.
Is Athens International Airport's Debt-to-EBITDA too high?
Athens International Airport's current Debt-to-EBITDA of 2.12 is near median its 10-year median of 2.27. Over the past 10 years, this metric has ranged from a low of 2.02 to a high of 13.33. The Transportation industry median Debt-to-EBITDA is 2.64. Athens International Airport's value of 2.12 is 19.7% below this industry median. Based on the distribution chart, Athens International Airport ranks #377 out of 864 companies in the Transportation industry, which is above the industry midpoint. Overall, Athens International Airport has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Athens International Airport's Debt-to-EBITDA compare to JOBY?
According to the Transportation industry distribution chart, Athens International Airport ranks #377 out of 864 companies for Debt-to-EBITDA. This puts Athens International Airport in the upper half of its industry. The industry median Debt-to-EBITDA is 2.64. Athens International Airport's value of 2.12 is 19.7% below this benchmark. Historically, Athens International Airport's own Debt-to-EBITDA has ranged from 2.02 to 13.33 over the past decade. While the company's 10-year median is 2.27 vs. the industry median of 2.64, Athens International Airport has consistently been below 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 Debt-to-EBITDA for a Transportation company?
The median Debt-to-EBITDA among Transportation companies is 2.64, based on 864 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Athens International Airport's current Debt-to-EBITDA of 2.12 is 19.7% below 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 Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Athens International Airport. For the Transportation industry, the median Debt-to-EBITDA is 2.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Athens International Airport's current Debt-to-EBITDA is 2.12, which is near median its own 10-year median of 2.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Athens International Airport stock overvalued right now?
Athens International Airport (ATH:AIA) has a current Debt-to-EBITDA of 2.12. The current Debt-to-EBITDA is 2.12, which is near median its 10-year median of 2.27 and 19.7% below the Transportation industry median of 2.64. Athens International Airport's overall GF Score™ is 39/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Athens International Airport (ATH:AIA), the current Debt-to-EBITDA is 2.12 as of Dec. 2025. 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.

Athens International Airport Business Description

Other Exchanges 9O1:Germany
Address Athens International Airport, El. Venizelos SA, SPATA, Attica, Athens, GRC, 19019
Athens International Airport SA is engaged in the design, financing, construction, completion, commissioning, maintenance, operation, management, and development of the Athens International Airport . The company's operating segments are: Air activities and Non-air activities. The maximum revenue is generated from its Air activities segment, which includes the provision at the Airport of any facilities like the landing, parking, or taking-off of aircraft; the servicing of aircraft; and the handling of passengers, among others. The Non-air activities segment represents revenues from non-air activities, mainly consisting of car parking, food and beverage, duty-free, retail shops, building/office rental, and other commercial services.
39GF Score

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Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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