Secure Waste Infrastructure (TSX:SES) Debt-to-EBITDA : 2.00 (As of Jun. 2026) — 20% Below Median

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TSX:SES Secure Waste Infrastructure Corp TSX:SES
43 GF Score
Price C$24.16
! 6 Warning Signs
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What is Secure Waste Infrastructure Debt-to-EBITDA?

Secure Waste Infrastructure TSX:SES -0.25% 43 Debt-to-EBITDA is 2.00 as of Jun. 2026, which is 20% below its 10-year median of 2.49. GuruFocus rates TSX:SES with a GF Score™ of 43/100. The stock has 6 warning signs investors should review. Among 170 Waste Management companies, Secure Waste Infrastructure ranks better than 62.35% on this metric.

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

Secure Waste Infrastructure's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was C$30.00 Mil. Secure Waste Infrastructure's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was C$980.00 Mil. Secure Waste Infrastructure's annualized EBITDA for the quarter that ended in Jun. 2026 was C$504.00 Mil. Secure Waste Infrastructure's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 2.00.

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

TSX:SES' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -26.32   Med: 2.49   Max: 7.89
Current: 2.29

During the past 13 years, the highest Debt-to-EBITDA Ratio of Secure Waste Infrastructure was 7.89. The lowest was -26.32. And the median was 2.49.

TSX:SES's Debt-to-EBITDA is ranked better than
62.35% of 170 companies
in the Waste Management industry
Industry Median: 3.03 vs TSX:SES: 2.29

Secure Waste Infrastructure  (TSX:SES) 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.


Secure Waste Infrastructure Debt-to-EBITDA Related Terms


Secure Waste Infrastructure Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Secure Waste Infrastructure'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.

Secure Waste Infrastructure Debt-to-EBITDA Chart

Secure Waste Infrastructure 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 -26.32 2.01 2.03 0.49 2.48

Secure Waste Infrastructure 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 2.39 3.90 1.88 2.58 2.00

TSX:SES vs WM, RSG, WCN: Debt-to-EBITDA Comparison

For the Waste Management subindustry, Secure Waste Infrastructure'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.


Secure Waste Infrastructure Debt-to-EBITDA vs Waste Management Industry

For the Waste Management industry and Industrials sector, Secure Waste Infrastructure's Debt-to-EBITDA distribution charts can be found below:

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


TSX:SES
43GF Score
Secure Waste Infrastructure Corp TSX:SES
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
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Secure Waste Infrastructure Debt-to-EBITDA Calculation

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

Secure Waste Infrastructure'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
=(32 + 988) / 412
=2.48

Secure Waste Infrastructure'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
=(30 + 980) / 504
=2.00

* 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 2.00 mean?
Secure Waste Infrastructure (TSX:SES) has a Debt-to-EBITDA of 2.00 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 Secure Waste Infrastructure. This is 20% below median its historical median of 2.49. According to the industry distribution chart, Secure Waste Infrastructure ranks #64 out of 170 companies in the Waste Management industry, placing it in the top 37.6%.
Is Secure Waste Infrastructure's Debt-to-EBITDA too high?
Secure Waste Infrastructure's current Debt-to-EBITDA of 2.00 is 20% below median its 10-year median of 2.49. The Waste Management industry median Debt-to-EBITDA is 3.03. Secure Waste Infrastructure's value of 2.00 is 34% below this industry median. Based on the distribution chart, Secure Waste Infrastructure ranks #64 out of 170 companies in the Waste Management industry, which is above the industry midpoint. Overall, Secure Waste Infrastructure has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does Secure Waste Infrastructure's Debt-to-EBITDA compare to WM and RSG?
According to the Waste Management industry distribution chart, Secure Waste Infrastructure ranks #64 out of 170 companies for Debt-to-EBITDA. This puts Secure Waste Infrastructure in the upper half of its industry. The industry median Debt-to-EBITDA is 3.03. Secure Waste Infrastructure's value of 2.00 is 34% below this benchmark. While the company's 10-year median is 2.49 vs. the industry median of 3.03, Secure Waste Infrastructure 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 Waste Management company?
The median Debt-to-EBITDA among Waste Management companies is 3.03, based on 170 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. Secure Waste Infrastructure's current Debt-to-EBITDA of 2.00 is 34% 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 Secure Waste Infrastructure. For the Waste Management industry, the median Debt-to-EBITDA is 3.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Secure Waste Infrastructure's current Debt-to-EBITDA is 2.00, which is 20% below median its own 10-year median of 2.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Secure Waste Infrastructure stock overvalued right now?
Secure Waste Infrastructure (TSX:SES) has a current Debt-to-EBITDA of 2.00. The current Debt-to-EBITDA is 2.00, which is 20% below median its 10-year median of 2.49 and 34% below the Waste Management industry median of 3.03. Secure Waste Infrastructure's overall GF Score™ is 43/100 with 6 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 Secure Waste Infrastructure (TSX:SES), the current Debt-to-EBITDA is 2.00 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.

Secure Waste Infrastructure Business Description

Other Exchanges SECYF:USASEP0:Germany
Address 2300, 225 - 6th Avenue SW, Brookfield Place, Calgary, AB, CAN, T2P 1N2
Secure Waste Infrastructure Corp operates in waste management and energy infrastructure business. The company operates in two segments: Waste Management, and Energy Infrastructure. The activities of the company include buying and selling crude oil and natural gas liquid products, capturing location, and other related activities. It generates the majority of its revenue from the Waste Management segment which includes a network of waste processing facilities, produced water pipelines, industrial landfills, and others. Energy Infrastructure includes a network of crude oil gathering pipelines, terminals, and storage facilities.
43GF Score

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C$24.16
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