Chorus Aviation (TSX:CHR) Debt-to-EBITDA : 2.39 (As of Mar. 2026) — 53% Below Median

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TSX:CHR Chorus Aviation Inc TSX:CHR
79 GF Score
Price C$24.31
GF Value C$20.47
Valuation Modestly Overvalued
! 9 Warning Signs
View Full Analysis

What is Chorus Aviation Debt-to-EBITDA?

Chorus Aviation TSX:CHR -1.78% 79 Debt-to-EBITDA is 2.39 as of Mar. 2026, which is 53% below its 10-year median of 5.07. GuruFocus rates TSX:CHR with a GF Score™ of 79/100 and a GF Value™ of C$20.47 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 870 Transportation companies, Chorus Aviation ranks better than 62.3% on this metric.

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

Chorus Aviation's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was C$68 Mil. Chorus Aviation's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was C$315 Mil. Chorus Aviation's annualized EBITDA for the quarter that ended in Mar. 2026 was C$160 Mil. Chorus Aviation's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 2.39.

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 Chorus Aviation's Debt-to-EBITDA or its related term are showing as below:

TSX:CHR' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.67   Med: 5.07   Max: 7.08
Current: 1.87

During the past 13 years, the highest Debt-to-EBITDA Ratio of Chorus Aviation was 7.08. The lowest was 1.67. And the median was 5.07.

TSX:CHR's Debt-to-EBITDA is ranked better than
62.3% of 870 companies
in the Transportation industry
Industry Median: 2.645 vs TSX:CHR: 1.87

Chorus Aviation  (TSX:CHR) 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.


Chorus Aviation Debt-to-EBITDA Related Terms


Chorus Aviation Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Chorus Aviation'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.

Chorus Aviation Debt-to-EBITDA Chart

Chorus Aviation 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 7.08 5.32 6.47 3.12 1.67

Chorus Aviation Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.78 1.49 1.83 1.76 2.39

TSX:CHR vs JOBY: Debt-to-EBITDA Comparison

For the Airports & Air Services subindustry, Chorus Aviation'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.


Chorus Aviation Debt-to-EBITDA vs Transportation Industry

For the Transportation industry and Industrials sector, Chorus Aviation's Debt-to-EBITDA distribution charts can be found below:

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


TSX:CHR
79GF Score
Chorus Aviation Inc TSX:CHR
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Chorus Aviation Debt-to-EBITDA Calculation

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

Chorus Aviation'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
=(66.889 + 307.267) / 223.534
=1.67

Chorus Aviation's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(68.426 + 314.995) / 160.428
=2.39

* 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 (Mar. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 2.39 mean?
Chorus Aviation (TSX:CHR) has a Debt-to-EBITDA of 2.39 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Chorus Aviation. This is 53% below median its historical median of 5.07. Over the past decade, Chorus Aviation's Debt-to-EBITDA has ranged from 1.67 to 7.08. According to the industry distribution chart, Chorus Aviation ranks #328 out of 870 companies in the Transportation industry, placing it in the top 37.7%.
Is Chorus Aviation's Debt-to-EBITDA too high?
Chorus Aviation's current Debt-to-EBITDA of 2.39 is 53% below median its 10-year median of 5.07. Over the past 10 years, this metric has ranged from a low of 1.67 to a high of 7.08. The Transportation industry median Debt-to-EBITDA is 2.65. Chorus Aviation's value of 2.39 is 9.6% below this industry median. Based on the distribution chart, Chorus Aviation ranks #328 out of 870 companies in the Transportation industry, which is above the industry midpoint. Overall, Chorus Aviation has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chorus Aviation's Debt-to-EBITDA compare to JOBY?
According to the Transportation industry distribution chart, Chorus Aviation ranks #328 out of 870 companies for Debt-to-EBITDA. This puts Chorus Aviation in the upper half of its industry. The industry median Debt-to-EBITDA is 2.65. Chorus Aviation's value of 2.39 is 9.6% below this benchmark. Historically, Chorus Aviation's own Debt-to-EBITDA has ranged from 1.67 to 7.08 over the past decade. While the company's 10-year median is 5.07 vs. the industry median of 2.65, Chorus Aviation 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 Transportation company?
The median Debt-to-EBITDA among Transportation companies is 2.65, based on 870 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. Chorus Aviation's current Debt-to-EBITDA of 2.39 is 9.6% 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 Chorus Aviation. For the Transportation industry, the median Debt-to-EBITDA is 2.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chorus Aviation's current Debt-to-EBITDA is 2.39, which is 53% below median its own 10-year median of 5.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chorus Aviation stock overvalued right now?
Based on GuruFocus' analysis, Chorus Aviation (TSX:CHR) is currently considered Modestly Overvalued. The stock's GF Value™ is C$20.47, compared to a current price of C$24.31 — trading 18.8% above its estimated fair value. The current Debt-to-EBITDA is 2.39, which is 53% below median its 10-year median of 5.07 and 9.6% below the Transportation industry median of 2.65. Chorus Aviation's overall GF Score™ is 79/100 with 9 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 Chorus Aviation (TSX:CHR), the current Debt-to-EBITDA is 2.39 as of Mar. 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 Chorus Aviation (TSX:CHR) Overvalued in 2026?

Based on GuruFocus' analysis, Chorus Aviation stock appears to be overvalued. The current stock price of C$24.31 is trading 18.8% above its estimated GF Value™ of C$20.47. GuruFocus considers Chorus Aviation to be Modestly Overvalued.

Key valuation signals for TSX:CHR:

  • Debt-to-EBITDA: 2.39 (53% below median its 10-year median of 5.07)
  • GF Value™: C$20.47 vs. price of C$24.31 (18.8% above fair value)
  • GF Score™: 79/100 with 9 warning signs
  • Industry Position: 9.6% below the Transportation median (#328 of 870)

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


Chorus Aviation Business Description

Other Exchanges CHRRF:USA1H00:Germany
Address 3 Spectacle Lake Drive, Suite 380, Dartmouth, NS, CAN, B3B 1W8
Chorus Aviation Inc is a Canadian holding company. The company focuses on delivering regional aviation to the world through its businesses. The company specializes in contract flying, maintenance, pilot training, repair and overhaul, and aircraft leasing solutions.
79GF Score

Get the complete analysis for TSX:CHR

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

C$24.31
Price
C$20.47
GF Value