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AzulAZUL -1.31%24 Debt-to-EBITDA is 8.32 as of Jun. 2026, which is 93% above its 10-year median of 4.30. GuruFocus rates AZUL with a GF Score™ of 24/100. The stock has 6 warning signs investors should review. Among 866 Transportation companies, Azul ranks worse than 82.45% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
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 Azul's Debt-to-EBITDA or its related term are showing as below:
AZUL'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -21.23 Med: 4.3 Max: 48.95
Current: 6.44
During the past 13 years, the highest Debt-to-EBITDA Ratio of Azul was 48.95. The lowest was -21.23. And the median was 4.30.
AZUL's Debt-to-EBITDA is ranked worse than 82.45% of 866
companies
in the Transportation industry
Industry Median: 2.575
vs AZUL: 6.44
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.
Azul Debt-to-EBITDA Related Terms
Azul Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Azul'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.
For the Airlines subindustry, Azul'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.
Azul Debt-to-EBITDA vs Transportation Industry
For the Transportation industry and Industrials sector, Azul's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Azul's Debt-to-EBITDA 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.
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 four times the quarterly (Jun. 2026) EBITDA data.
Azul (AZUL) has a Debt-to-EBITDA of 8.32 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Azul. This is 93% above median its historical median of 4.30. According to the industry distribution chart, Azul ranks #714 out of 866 companies in the Transportation industry, placing it in the top 82.4%.
Is Azul's Debt-to-EBITDA too high?
Azul's current Debt-to-EBITDA of 8.32 is 93% above median its 10-year median of 4.30. The Transportation industry median Debt-to-EBITDA is 2.58. Azul's value of 8.32 is 223.1% above this industry median. Based on the distribution chart, Azul ranks #714 out of 866 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Azul has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Azul's Debt-to-EBITDA compare to DAL and UAL?
According to the Transportation industry distribution chart, Azul ranks #714 out of 866 companies for Debt-to-EBITDA. This places Azul in the lower half of its industry. The industry median Debt-to-EBITDA is 2.58. Azul's value of 8.32 is 223.1% above this benchmark. While the company's 10-year median is 4.30 vs. the industry median of 2.58, Azul 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 Debt-to-EBITDA for a Transportation company?
The median Debt-to-EBITDA among Transportation companies is 2.58, based on 866 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. Azul's current Debt-to-EBITDA of 8.32 is 223.1% 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 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 Azul. For the Transportation industry, the median Debt-to-EBITDA is 2.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Azul's current Debt-to-EBITDA is 8.32, which is 93% above median its own 10-year median of 4.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azul stock overvalued right now?
Azul (AZUL) has a current Debt-to-EBITDA of 8.32. The current Debt-to-EBITDA is 8.32, which is 93% above median its 10-year median of 4.30 and 223.1% above the Transportation industry median of 2.58. Azul's overall GF Score™ is 24/100 with 6 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 Azul (AZUL), the current Debt-to-EBITDA is 8.32 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.
Azul SA is involved in the operation of regular and non-regular airline passenger services, cargo or mail, passenger charter, provision of maintenance and hangarage services for aircraft, engines, parts and pieces, aircraft acquisition and lease, development of frequent-flyer programs, development of related activities, and equity holding in other companies. The company generates the majority of its revenue from Air transport and a small portion of its revenue from Ancillary revenues.
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