Alaska Air Group (FRA:ALK) Debt-to-EBITDA : (As of Jun. 2026)

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FRA:ALK Alaska Air Group Inc FRA:ALK
77 GF Score
Price €34.85
GF Value €53.64
Valuation Possible Value Trap
! 5 Warning Signs
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What is Alaska Air Group Debt-to-EBITDA?

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

Alaska Air Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €585 Mil. Alaska Air Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €6,076 Mil. Alaska Air Group's annualized EBITDA for the quarter that ended in Jun. 2026 was €227 Mil. Alaska Air Group's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 29.34.

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 Alaska Air Group's Debt-to-EBITDA or its related term are showing as below:

FRA:ALK' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -3.79   Med: 2.86   Max: 11.1
Current: 11.1

During the past 13 years, the highest Debt-to-EBITDA Ratio of Alaska Air Group was 11.10. The lowest was -3.79. And the median was 2.86.

FRA:ALK's Debt-to-EBITDA is ranked worse than
92.73% of 880 companies
in the Transportation industry
Industry Median: 2.625 vs FRA:ALK: 11.10

Alaska Air Group  (FRA:ALK) 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.

Alaska Air Group Debt-to-EBITDA Related Terms

Alaska Air Group Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Alaska Air Group'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.

Alaska Air Group Debt-to-EBITDA Chart

Alaska Air Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
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Alaska Air Group Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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FRA:ALK vs CPA, SKYW, ALGT: Debt-to-EBITDA Comparison

For the Airlines subindustry, Alaska Air Group'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.

Alaska Air Group Debt-to-EBITDA vs Transportation Industry

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

* The bar in red indicates where Alaska Air Group's Debt-to-EBITDA falls into.


FRA:ALK
77GF Score
Alaska Air Group Inc FRA:ALK
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alaska Air Group Debt-to-EBITDA Calculation

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

Alaska Air Group'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
=(781.64247094385 + 5087.4877602282) / 1042.0192946214
=5.63

Alaska Air Group's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(585.14825505117 + 6076.2704452025) / 227.05582164042
=29.34

* 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.

Is Alaska Air Group (FRA:ALK) Overvalued in 2026?

Based on GuruFocus' analysis, Alaska Air Group stock appears to be undervalued. The current stock price of €34.85 is trading 35% below its estimated GF Value™ of €53.64. GuruFocus considers Alaska Air Group to be Possible Value Trap.

Key valuation signals for FRA:ALK:

  • Debt-to-EBITDA:
  • GF Value™: €53.64 vs. price of €34.85 (35% below fair value)
  • GF Score™: 77/100 with 5 warning signs

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

Alaska Air Group Business Description

Address 19300 International Boulevard, Seattle, WA, USA, 98188
Alaska Air Group Inc operates two airlines, Alaska and Horizon, in three operating segments. The Alaska Airlines segment includes scheduled air transportation on Alaska's Boeing and Airbus jet aircraft for passengers and cargo throughout the U.S., and in parts of Mexico and Costa Rica. The Regional segment includes Horizon's and other third-party carriers' scheduled air transportation for passengers across a shorter distance network within the U.S. and Canada under capacity purchase agreements. The Hawaiian Airlines segment includes scheduled air transportation on Hawaiian's Boeing and Airbus aircraft for passengers and cargo. It earns revenues from Passenger tickets, including ticket breakage and net of taxes and fees, Passenger ancillary, and Mileage Plan passenger revenue.
77GF Score

Get the complete analysis for FRA:ALK

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

€34.85
Price
€53.64
GF Value