Cognizant Technology Solutions (HAM:COZ) Debt-to-EBITDA : (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HAM:COZ Cognizant Technology Solutions Corp HAM:COZ
88 GF Score
Price €52.75
GF Value €72.56
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Cognizant Technology Solutions Debt-to-EBITDA?

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

Cognizant Technology Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €156 Mil. Cognizant Technology Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €1,676 Mil. Cognizant Technology Solutions's annualized EBITDA for the quarter that ended in Jun. 2026 was €3,547 Mil. Cognizant Technology Solutions's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 0.52.

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 Cognizant Technology Solutions's Debt-to-EBITDA or its related term are showing as below:

HAM:COZ' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.22   Med: 0.4   Max: 0.66
Current: 0.51

During the past 13 years, the highest Debt-to-EBITDA Ratio of Cognizant Technology Solutions was 0.66. The lowest was 0.22. And the median was 0.40.

HAM:COZ's Debt-to-EBITDA is ranked better than
64.97% of 1727 companies
in the Software industry
Industry Median: 0.99 vs HAM:COZ: 0.51

Cognizant Technology Solutions  (HAM:COZ) 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.


Cognizant Technology Solutions Debt-to-EBITDA Related Terms


Cognizant Technology Solutions Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Cognizant Technology Solutions'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.

Cognizant Technology Solutions Debt-to-EBITDA Chart

Cognizant Technology Solutions Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Cognizant Technology Solutions Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 - - - - -

HAM:COZ vs FISV, FIS, BR: Debt-to-EBITDA Comparison

For the Information Technology Services subindustry, Cognizant Technology Solutions'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.


Cognizant Technology Solutions Debt-to-EBITDA vs Software Industry

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

* The bar in red indicates where Cognizant Technology Solutions's Debt-to-EBITDA falls into.


HAM:COZ
88GF Score
Cognizant Technology Solutions Corp HAM:COZ
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cognizant Technology Solutions Debt-to-EBITDA Calculation

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

Cognizant Technology Solutions'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
=(158.37200391673 + 832.73021414279) / 3602.7639897369
=0.28

Cognizant Technology Solutions'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
=(155.68967025278 + 1675.8506078894) / 3546.8871532011
=0.52

* 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 Cognizant Technology Solutions (HAM:COZ) Overvalued in 2026?

Based on GuruFocus' analysis, Cognizant Technology Solutions stock appears to be undervalued. The current stock price of €52.75 is trading 27.3% below its estimated GF Value™ of €72.56. GuruFocus considers Cognizant Technology Solutions to be Modestly Undervalued.

Key valuation signals for HAM:COZ:

  • Debt-to-EBITDA:
  • GF Value™: €72.56 vs. price of €52.75 (27.3% below fair value)
  • GF Score™: 88/100 with 2 warning signs

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


Cognizant Technology Solutions Business Description

Address 300 Frank West Burr Boulevard, Suite 36, 6th Floor, Teaneck, NJ, USA, 07666
Cognizant Technology Solutions is a multinational IT services provider that offers a range of consulting and business process outsourcing services. Originally founded in India, the company is headquartered in the US and serves enterprise customers spanning the financial services, healthcare, and resources industries. With most of its workforce located in India, Cognizant leverages a global delivery model that helps clients outsource their IT needs to offshore labor.
88GF Score

Get the complete analysis for HAM:COZ

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

€52.75
Price
€72.56
GF Value