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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 HCL Technologies's Debt-to-EBITDA or its related term are showing as below:
NSE:HCLTECH'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.05 Med: 0.22 Max: 0.45
Current: 0.19
During the past 13 years, the highest Debt-to-EBITDA Ratio of HCL Technologies was 0.45. The lowest was 0.05. And the median was 0.22.
NSE:HCLTECH's Debt-to-EBITDA is ranked better than 79.49% of 1731
companies
in the Software industry
Industry Median: 0.99
vs NSE:HCLTECH: 0.19
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.
HCL Technologies Debt-to-EBITDA Related Terms
HCL Technologies Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for HCL Technologies'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.
NSE:HCLTECH vs IBM, ACN, FISV: Debt-to-EBITDA Comparison
For the Information Technology Services subindustry, HCL Technologies'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.
HCL Technologies Debt-to-EBITDA vs Software Industry
For the Software industry and Technology sector, HCL Technologies's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where HCL Technologies's Debt-to-EBITDA falls into.
* 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.
HCL Technologies (NSE:HCLTECH) has a Debt-to-EBITDA of 0.00 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on HCL Technologies. Over the past decade, HCL Technologies' Debt-to-EBITDA has ranged from 0.05 to 0.45. According to the industry distribution chart, HCL Technologies ranks #355 out of 1731 companies in the Software industry, placing it in the top 20.5%.
Is HCL Technologies' Debt-to-EBITDA too high?
HCL Technologies' current Debt-to-EBITDA is 0.00. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 0.45. Based on the distribution chart, HCL Technologies ranks #355 out of 1731 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, HCL Technologies has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HCL Technologies' Debt-to-EBITDA compare to IBM and ACN?
According to the Software industry distribution chart, HCL Technologies ranks #355 out of 1731 companies for Debt-to-EBITDA. This places HCL Technologies in the top 21% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 0.99. Historically, HCL Technologies' own Debt-to-EBITDA has ranged from 0.05 to 0.45 over the past decade. 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 Software company?
The median Debt-to-EBITDA among Software companies is 0.99, based on 1,731 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 HCL Technologies. For the Software industry, the median Debt-to-EBITDA is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HCL Technologies's current Debt-to-EBITDA is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HCL Technologies stock overvalued right now?
Based on GuruFocus' analysis, HCL Technologies (NSE:HCLTECH) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,821.26, compared to a current price of ₹1,318.40 — trading 27.6% below its estimated fair value. The current Debt-to-EBITDA is 0.00. HCL Technologies' overall GF Score™ is 87/100 with 3 warning signs 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 HCL Technologies (NSE:HCLTECH), the current Debt-to-EBITDA is 0.00 as of Jun. 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 HCL Technologies (NSE:HCLTECH) Overvalued in 2026?
Based on GuruFocus' analysis, HCL Technologies stock appears to be undervalued.
The current stock price of ₹1,318.40 is trading 27.6% below its estimated GF Value™ of ₹1,821.26.
GuruFocus considers HCL Technologies to be Modestly Undervalued.
Key valuation signals for NSE:HCLTECH:
Debt-to-EBITDA: 0.00
GF Value™: ₹1,821.26 vs. price of ₹1,318.40 (27.6% below fair value)
No single metric tells the full story. See the NSE:HCLTECH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HCL Technologies Ltd provides enterprises with IT solutions. It focuses on offering Digital, Internet of Things, Cloud, Automation, Cybersecurity, Infrastructure Management, and Engineering services to solve business problems for clients. It offers solutions to a variety of industries, including Financial Services, Public Services, Consumer Services, Healthcare, and Manufacturing. It operates in three segments: IT and Business Services, Engineering and R&D Services, and HCL Software. The firm emphasizes consultation services for firms, intending to offer them digital and design solutions. The majority of the firm's revenue comes from the IT and Business Services segment. Geographically, it derives maximum revenue from the USA, and the rest from Europe, India, and the Rest of the world.
87GF Score
Get the complete analysis for NSE:HCLTECH
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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