Orsted AS (OCSE:ORSTED) 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.

OCSE:ORSTED Orsted AS OCSE:ORSTED
68 GF Score
Price kr136.65
GF Value kr140.12
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Orsted AS Debt-to-EBITDA?

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

Orsted AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was kr7,761 Mil. Orsted AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was kr114,600 Mil. Orsted AS's annualized EBITDA for the quarter that ended in Jun. 2026 was kr23,104 Mil. Orsted AS's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 5.30.

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 Orsted AS's Debt-to-EBITDA or its related term are showing as below:

OCSE:ORSTED' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -17.77   Med: 1.87   Max: 6.13
Current: 6.13

During the past 13 years, the highest Debt-to-EBITDA Ratio of Orsted AS was 6.13. The lowest was -17.77. And the median was 1.87.

OCSE:ORSTED's Debt-to-EBITDA is ranked worse than
58.14% of 344 companies
in the Utilities - Independent Power Producers industry
Industry Median: 5.005 vs OCSE:ORSTED: 6.13

Orsted AS  (OCSE:ORSTED) 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.


Orsted AS Debt-to-EBITDA Related Terms


Orsted AS Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Orsted AS'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.

Orsted AS Debt-to-EBITDA Chart

Orsted AS 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 - - - - -

Orsted AS 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 - - - - -

Orsted AS Debt-to-EBITDA Competitor Comparison

For the Utilities - Renewable subindustry, Orsted AS'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.


Orsted AS Debt-to-EBITDA vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Orsted AS's Debt-to-EBITDA distribution charts can be found below:

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


OCSE:ORSTED
68GF Score
Orsted AS OCSE:ORSTED
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Orsted AS Debt-to-EBITDA Calculation

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

Orsted AS'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
=(12533 + 116279) / 15654
=8.23

Orsted AS'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
=(7761 + 114600) / 23104
=5.30

* 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 Orsted AS (OCSE:ORSTED) Overvalued in 2026?

Based on GuruFocus' analysis, Orsted AS stock appears to be undervalued. The current stock price of kr136.65 is trading 2.5% below its estimated GF Value™ of kr140.12. GuruFocus considers Orsted AS to be Fairly Valued.

Key valuation signals for OCSE:ORSTED:

  • Debt-to-EBITDA:
  • GF Value™: kr140.12 vs. price of kr136.65 (2.5% below fair value)
  • GF Score™: 68/100 with 5 warning signs

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


Orsted AS Business Description

Address Kraftvaerksvej 53, Skaerbaek, Fredericia, DNK, DK-7000
Danish company Orsted was named Dong Energy until the sale of all its oil and gas fields to Ineos in 2017, soon after the May 2016 initial public offering. Orsted is now focused on renewable assets, especially offshore wind farms. It operated 9.9 gigawatts of offshore wind farms at the end of 2024. The United Kingdom is the biggest country of operation, ahead of Germany and Denmark. The group intends to develop its footprint outside Europe with projects in Taiwan and in the US. Orsted also operates 4.8 GW of onshore wind and solar assets concentrated in the United States. The company is involved in more traditional utilities business like conventional power plants and gas supply, but these activities are noncore.
68GF Score

Get the complete analysis for OCSE:ORSTED

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

kr136.65
Price
kr140.12
GF Value