Ryanair Holdings (CHIX:RYAI) Debt-to-EBITDA : -2.61 (As of Mar. 2026)

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CHIX:RYAI Ryanair Holdings PLC CHIX:RYAI
89 GF Score
Price €26.33
GF Value €25.15
Valuation Fairly Valued
! 1 Warning Sign
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What is Ryanair Holdings Debt-to-EBITDA?

Ryanair Holdings CHIX:RYAI -2.08% 89 Debt-to-EBITDA is -2.61 as of Mar. 2026. GuruFocus rates CHIX:RYAI with a GF Score™ of 89/100 and a GF Value™ of €25.15 (Fairly Valued). The stock has 1 warning sign investors should review. Among 868 Transportation companies, Ryanair Holdings ranks better than 90.78% on this metric.

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

Ryanair Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was €1,239 Mil. Ryanair Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was €253 Mil. Ryanair Holdings's annualized EBITDA for the quarter that ended in Mar. 2026 was €-572 Mil. Ryanair Holdings's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was -2.61.

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 Ryanair Holdings's Debt-to-EBITDA or its related term are showing as below:

CHIX:RYAi' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -11.6   Med: 1.73   Max: 13.33
Current: 0.39

During the past 13 years, the highest Debt-to-EBITDA Ratio of Ryanair Holdings was 13.33. The lowest was -11.60. And the median was 1.73.

CHIX:RYAi's Debt-to-EBITDA is ranked better than
90.78% of 868 companies
in the Transportation industry
Industry Median: 2.64 vs CHIX:RYAi: 0.39

Ryanair Holdings  (CHIX:RYAi) 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.


Ryanair Holdings Debt-to-EBITDA Related Terms


Ryanair Holdings Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Ryanair Holdings'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.

Ryanair Holdings Debt-to-EBITDA Chart

Ryanair Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.33 1.69 0.84 0.88 0.39

Ryanair Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.78 0.46 0.16 0.85 -2.61

CHIX:RYAI vs DAL, UAL, LUV: Debt-to-EBITDA Comparison

For the Airlines subindustry, Ryanair Holdings'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.


Ryanair Holdings Debt-to-EBITDA vs Transportation Industry

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

* The bar in red indicates where Ryanair Holdings's Debt-to-EBITDA falls into.


CHIX:RYAI
89GF Score
Ryanair Holdings PLC CHIX:RYAI
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ryanair Holdings Debt-to-EBITDA Calculation

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

Ryanair Holdings's Debt-to-EBITDA for the fiscal year that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1238.6 + 252.9) / 3834.5
=0.39

Ryanair Holdings's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1238.6 + 252.9) / -572.4
=-2.61

* 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 (Mar. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of -2.61 mean?
Ryanair Holdings (CHIX:RYAI) has a Debt-to-EBITDA of -2.61 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Ryanair Holdings. According to the industry distribution chart, Ryanair Holdings ranks #80 out of 868 companies in the Transportation industry, placing it in the top 9.2%.
Is Ryanair Holdings' Debt-to-EBITDA too high?
Ryanair Holdings' current Debt-to-EBITDA is -2.61. Based on the distribution chart, Ryanair Holdings ranks #80 out of 868 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Ryanair Holdings has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ryanair Holdings' Debt-to-EBITDA compare to DAL and UAL?
According to the Transportation industry distribution chart, Ryanair Holdings ranks #80 out of 868 companies for Debt-to-EBITDA. This places Ryanair Holdings in the top 9% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 2.64. 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 868 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. 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 Ryanair Holdings. 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. Ryanair Holdings's current Debt-to-EBITDA is -2.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ryanair Holdings stock overvalued right now?
Based on GuruFocus' analysis, Ryanair Holdings (CHIX:RYAI) is currently considered Fairly Valued. The stock's GF Value™ is €25.15, compared to a current price of €26.33 — trading 4.7% above its estimated fair value. The current Debt-to-EBITDA is -2.61. Ryanair Holdings' overall GF Score™ is 89/100 with 1 warning sign 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 Ryanair Holdings (CHIX:RYAI), the current Debt-to-EBITDA is -2.61 as of Mar. 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 Ryanair Holdings (CHIX:RYAI) Overvalued in 2026?

Based on GuruFocus' analysis, Ryanair Holdings stock appears to be overvalued. The current stock price of €26.33 is trading 4.7% above its estimated GF Value™ of €25.15. GuruFocus considers Ryanair Holdings to be Fairly Valued.

Key valuation signals for CHIX:RYAI:

  • Debt-to-EBITDA: -2.61
  • GF Value™: €25.15 vs. price of €26.33 (4.7% above fair value)
  • GF Score™: 89/100 with 1 warning sign

No single metric tells the full story. See the CHIX:RYAI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ryanair Holdings Business Description

Address Airside Business Park, Swords, County Dublin, Dublin, IRL, K67 NY94
Ryanair is Europe's largest low-cost airline, known for its extensive network and highly efficient business model. Operating over 3,600 flights daily across 240-plus destinations in 40 countries, Ryanair has built its success on offering affordable air travel while maintaining tight control over costs. The airline primarily uses Boeing 737 aircraft, including the newer 737 8-200 "Gamechanger" variant, which simplifies operations and reduces expenses. Ryanair focuses on high passenger volume, ancillary revenue, and operational efficiency, ensuring its position as a leading airline in Europe.
89GF Score

Get the complete analysis for CHIX:RYAI

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

€26.33
Price
€25.15
GF Value