CWAN (Clearwater Analytics Holdings) Debt-to-EBITDA : (As of Mar. 2026)

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CWAN Clearwater Analytics Holdings Inc CWAN
62 GF Score
Price $24.56
GF Value $32.62
! 7 Warning Signs
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What is Clearwater Analytics Holdings Debt-to-EBITDA?

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

Clearwater Analytics Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $22.2 Mil. Clearwater Analytics Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $838.6 Mil. Clearwater Analytics Holdings's annualized EBITDA for the quarter that ended in Mar. 2026 was $154.4 Mil. Clearwater Analytics Holdings's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 5.58.

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

CWAN' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -23.42   Med: 1.69   Max: 10.55
Current: 8

During the past 7 years, the highest Debt-to-EBITDA Ratio of Clearwater Analytics Holdings was 10.55. The lowest was -23.42. And the median was 1.69.

CWAN's Debt-to-EBITDA is not ranked
in the Software industry.
Industry Median: 0.99 vs CWAN: 8.00

Clearwater Analytics Holdings  (NYSE:CWAN) 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.

Clearwater Analytics Holdings Debt-to-EBITDA Related Terms

Clearwater Analytics Holdings Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Clearwater Analytics 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.

Clearwater Analytics Holdings Debt-to-EBITDA Chart

Clearwater Analytics Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
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Clearwater Analytics Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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CWAN vs IDCC, CHYM, TTAN: Debt-to-EBITDA Comparison

For the Software - Application subindustry, Clearwater Analytics 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.

Clearwater Analytics Holdings Debt-to-EBITDA vs Software Industry

For the Software industry and Technology sector, Clearwater Analytics Holdings's Debt-to-EBITDA distribution charts can be found below:

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


CWAN
62GF Score
Clearwater Analytics Holdings Inc CWAN
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
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Clearwater Analytics Holdings Debt-to-EBITDA Calculation

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

Clearwater Analytics Holdings'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
=(23.138 + 837.198) / 81.533
=10.55

Clearwater Analytics 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
=(22.21 + 838.627) / 154.392
=5.58

* 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.

Is Clearwater Analytics Holdings (CWAN) Overvalued in 2026?

Based on GuruFocus' analysis, Clearwater Analytics Holdings stock appears to be undervalued. The current stock price of $24.56 is trading 24.7% below its estimated GF Value™ of $32.62.

Key valuation signals for CWAN:

  • Debt-to-EBITDA:
  • GF Value™: $32.62 vs. price of $24.56 (24.7% below fair value)
  • GF Score™: 62/100 with 7 warning signs

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

Clearwater Analytics Holdings Business Description

Address 777 W. Main Street, Suite 900, Boise, ID, USA, 83702
Clearwater Analytics describes its mission as aiming to be the world's most trusted and comprehensive technology platform for the entire investment cycle. Clearwater has historically focused on back-office functions such as investment accounting, but with acquisitions such Enfusion, Beacon, and Bistro, the firm has broadened its focus with front-office and middle-office capabilities. Clearwater primarily serves insurance companies, asset managers, hedge funds, and corporate treasuries. Pro forma for Enfusion, about 76% of Clearwater's revenue is generated in the US.
62GF Score

Get the complete analysis for CWAN

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

$24.56
Price
$32.62
GF Value