Badger Infrastructure Solutions (TSX:BDGI) Debt-to-EBITDA : 1.27 (As of Jun. 2026) — Near Median

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TSX:BDGI Badger Infrastructure Solutions Ltd TSX:BDGI
90 GF Score
Price C$89.32
GF Value C$61.37
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Badger Infrastructure Solutions Debt-to-EBITDA?

Badger Infrastructure Solutions TSX:BDGI +2.31% 90 Debt-to-EBITDA is 1.27 as of Jun. 2026, which is 5% below its 10-year median of 1.33. GuruFocus rates TSX:BDGI with a GF Score™ of 90/100 and a GF Value™ of C$61.37 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,413 Construction companies, Badger Infrastructure Solutions ranks better than 55.77% on this metric.

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

Badger Infrastructure Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was C$34 Mil. Badger Infrastructure Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was C$427 Mil. Badger Infrastructure Solutions's annualized EBITDA for the quarter that ended in Jun. 2026 was C$364 Mil. Badger Infrastructure Solutions's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 1.27.

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

TSX:BDGI' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.68   Med: 1.33   Max: 2.71
Current: 1.68

During the past 13 years, the highest Debt-to-EBITDA Ratio of Badger Infrastructure Solutions was 2.71. The lowest was 0.68. And the median was 1.33.

TSX:BDGI's Debt-to-EBITDA is ranked better than
55.77% of 1413 companies
in the Construction industry
Industry Median: 2.1 vs TSX:BDGI: 1.68

Badger Infrastructure Solutions  (TSX:BDGI) 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.


Badger Infrastructure Solutions Debt-to-EBITDA Related Terms


Badger Infrastructure Solutions Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Badger Infrastructure 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.

Badger Infrastructure Solutions Debt-to-EBITDA Chart

Badger Infrastructure 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 2.71 1.84 1.47 1.37 1.41

Badger Infrastructure 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 1.33 1.01 1.60 2.55 1.27

TSX:BDGI vs PWR, FIX, EME: Debt-to-EBITDA Comparison

For the Engineering & Construction subindustry, Badger Infrastructure 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.


Badger Infrastructure Solutions Debt-to-EBITDA vs Construction Industry

For the Construction industry and Industrials sector, Badger Infrastructure Solutions's Debt-to-EBITDA distribution charts can be found below:

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


TSX:BDGI
90GF Score
Badger Infrastructure Solutions Ltd TSX:BDGI
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
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Badger Infrastructure Solutions Debt-to-EBITDA Calculation

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

Badger Infrastructure 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
=(30.612 + 326.041) / 253.36
=1.41

Badger Infrastructure 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
=(34.124 + 426.833) / 363.552
=1.27

* 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.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 1.27 mean?
Badger Infrastructure Solutions (TSX:BDGI) has a Debt-to-EBITDA of 1.27 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 Badger Infrastructure Solutions. This is near median its historical median of 1.33. Over the past decade, Badger Infrastructure Solutions' Debt-to-EBITDA has ranged from 0.68 to 2.71. According to the industry distribution chart, Badger Infrastructure Solutions ranks #625 out of 1413 companies in the Construction industry, placing it in the top 44.2%.
Is Badger Infrastructure Solutions' Debt-to-EBITDA too high?
Badger Infrastructure Solutions' current Debt-to-EBITDA of 1.27 is near median its 10-year median of 1.33. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 2.71. The Construction industry median Debt-to-EBITDA is 2.10. Badger Infrastructure Solutions' value of 1.27 is 39.5% below this industry median. Based on the distribution chart, Badger Infrastructure Solutions ranks #625 out of 1413 companies in the Construction industry, which is above the industry midpoint. Overall, Badger Infrastructure Solutions has a GF Score™ of 90/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Badger Infrastructure Solutions' Debt-to-EBITDA compare to PWR and FIX?
According to the Construction industry distribution chart, Badger Infrastructure Solutions ranks #625 out of 1413 companies for Debt-to-EBITDA. This puts Badger Infrastructure Solutions in the upper half of its industry. The industry median Debt-to-EBITDA is 2.10. Badger Infrastructure Solutions' value of 1.27 is 39.5% below this benchmark. Historically, Badger Infrastructure Solutions' own Debt-to-EBITDA has ranged from 0.68 to 2.71 over the past decade. While the company's 10-year median is 1.33 vs. the industry median of 2.10, Badger Infrastructure Solutions has consistently been below the industry average. 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 Construction company?
The median Debt-to-EBITDA among Construction companies is 2.10, based on 1,413 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. Badger Infrastructure Solutions's current Debt-to-EBITDA of 1.27 is 39.5% below the industry median. 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 Badger Infrastructure Solutions. For the Construction industry, the median Debt-to-EBITDA is 2.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Badger Infrastructure Solutions's current Debt-to-EBITDA is 1.27, which is near median its own 10-year median of 1.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Badger Infrastructure Solutions stock overvalued right now?
Based on GuruFocus' analysis, Badger Infrastructure Solutions (TSX:BDGI) is currently considered Significantly Overvalued. The stock's GF Value™ is C$61.37, compared to a current price of C$89.32 — trading 45.5% above its estimated fair value. The current Debt-to-EBITDA is 1.27, which is near median its 10-year median of 1.33 and 39.5% below the Construction industry median of 2.10. Badger Infrastructure Solutions' overall GF Score™ is 90/100 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 Badger Infrastructure Solutions (TSX:BDGI), the current Debt-to-EBITDA is 1.27 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 Badger Infrastructure Solutions (TSX:BDGI) Overvalued in 2026?

Based on GuruFocus' analysis, Badger Infrastructure Solutions stock appears to be overvalued. The current stock price of C$89.32 is trading 45.5% above its estimated GF Value™ of C$61.37. GuruFocus considers Badger Infrastructure Solutions to be Significantly Overvalued.

Key valuation signals for TSX:BDGI:

  • Debt-to-EBITDA: 1.27 (near median its 10-year median of 1.33)
  • GF Value™: C$61.37 vs. price of C$89.32 (45.5% above fair value)
  • GF Score™: 90/100 with 3 warning signs
  • Industry Position: 39.5% below the Construction median (#625 of 1413)

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


Badger Infrastructure Solutions Business Description

Other Exchanges BDGIF:USA
Address 919 - 11th Avenue SW, Suite 400, Calgary, AB, CAN, T2R 1P3
Badger Infrastructure Solutions Ltd is North America's provider of non-destructive excavating and related services, with operations in both the United States and Canada. Its key technology is the Badger Hydrovac, which is used predominantly for safe excavation around critical infrastructure and in congested underground conditions. The Badger Hydrovac uses a pressurized water stream to liquefy the soil cover, which is then removed with a powerful vacuum system and deposited into a storage tank. The company manufactures and designs its truck-mounted hydrovac units into its existing and future design and manufacturing processes. It provides services to contractors and facility owners in a range of infrastructure industries, general commercial construction and industrial cleaning services.
90GF Score

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

C$89.32
Price
C$61.37
GF Value