Lockheed Martin (MEX:LMT) Debt-to-EBITDA : (As of Jun. 2026)

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MEX:LMT Lockheed Martin Corp MEX:LMT
77 GF Score
Price MXN9,050.00
GF Value MXN9,769.31
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Lockheed Martin Debt-to-EBITDA?

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

Lockheed Martin's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was MXN0 Mil. Lockheed Martin's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was MXN358,876 Mil. Lockheed Martin's annualized EBITDA for the quarter that ended in Jun. 2026 was MXN197,888 Mil. Lockheed Martin's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 1.81.

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 Lockheed Martin's Debt-to-EBITDA or its related term are showing as below:

MEX:LMT' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.2   Med: 1.81   Max: 2.49
Current: 2.01

During the past 13 years, the highest Debt-to-EBITDA Ratio of Lockheed Martin was 2.49. The lowest was 1.20. And the median was 1.81.

MEX:LMT's Debt-to-EBITDA is ranked worse than
52.61% of 249 companies
in the Aerospace & Defense industry
Industry Median: 1.88 vs MEX:LMT: 2.01

Lockheed Martin  (MEX:LMT) 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.

Lockheed Martin Debt-to-EBITDA Related Terms

Lockheed Martin Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Lockheed Martin'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.

Lockheed Martin Debt-to-EBITDA Chart

Lockheed Martin Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
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Lockheed Martin 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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MEX:LMT vs HWM, GD, BA: Debt-to-EBITDA Comparison

For the Aerospace & Defense subindustry, Lockheed Martin'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.

Lockheed Martin Debt-to-EBITDA vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Lockheed Martin's Debt-to-EBITDA distribution charts can be found below:

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


MEX:LMT
77GF Score
Lockheed Martin Corp MEX:LMT
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lockheed Martin Debt-to-EBITDA Calculation

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

Lockheed Martin'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
=(25423.013 + 383988.1815) / 167561.672625
=2.44

Lockheed Martin'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
=(0 + 358875.8775) / 197887.74349091
=1.81

* 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 Lockheed Martin (MEX:LMT) Overvalued in 2026?

Based on GuruFocus' analysis, Lockheed Martin stock appears to be undervalued. The current stock price of MXN9,050.00 is trading 7.4% below its estimated GF Value™ of MXN9,769.31. GuruFocus considers Lockheed Martin to be Fairly Valued.

Key valuation signals for MEX:LMT:

  • Debt-to-EBITDA:
  • GF Value™: MXN9,769.31 vs. price of MXN9,050.00 (7.4% below fair value)
  • GF Score™: 77/100 with 3 warning signs

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

Lockheed Martin Business Description

Address 6801 Rockledge Drive, Bethesda, MD, USA, 20817
Lockheed Martin is the world's largest defense contractor and has dominated the Western market for high-end fighter aircraft since it won the F-35 Joint Strike Fighter program in 2001. Aeronautics is Lockheed's largest segment, which derives upward of two-thirds of its revenue from the F-35. Lockheed's remaining segments are rotary and mission systems, mainly encompassing the Sikorsky helicopter business; missiles and fire control, which creates missiles and missile defense systems; and space systems, which produces satellites and receives equity income from the United Launch Alliance joint venture.
77GF Score

Get the complete analysis for MEX:LMT

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

MXN9,050.00
Price
MXN9,769.31
GF Value