XNET (Xunlei) Debt-to-EBITDA : -0.09 (As of Mar. 2026)


XNET Xunlei Ltd XNET
70 GF Score
Price $4.82
GF Value $3.24
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Xunlei Debt-to-EBITDA?

Xunlei XNET -0.52% 70 Debt-to-EBITDA is -0.09 as of Mar. 2026. GuruFocus rates XNET with a GF Score™ of 70/100 and a GF Value™ of $3.24 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,699 Software companies, Xunlei ranks better than 89.76% on this metric.

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

Xunlei's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $31.0 Mil. Xunlei's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $40.1 Mil. Xunlei's annualized EBITDA for the quarter that ended in Mar. 2026 was $-760.0 Mil. Xunlei's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was -0.09.

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

XNET' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.56   Med: 1.1   Max: 13.76
Current: 0.08

During the past 13 years, the highest Debt-to-EBITDA Ratio of Xunlei was 13.76. The lowest was -0.56. And the median was 1.10.

XNET's Debt-to-EBITDA is ranked better than
89.76% of 1699 companies
in the Software industry
Industry Median: 1.08 vs XNET: 0.08

Xunlei  (NAS:XNET) 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.


Xunlei Debt-to-EBITDA Related Terms


Xunlei Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Xunlei'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.

Xunlei Debt-to-EBITDA Chart

Xunlei 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 1.93 1.10 0.88 5.59 0.07

Xunlei 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 5.86 0.02 0.03 -0.09 -0.09

XNET vs PSFE, IIIV, ALLT: Debt-to-EBITDA Comparison

For the Software - Infrastructure subindustry, Xunlei'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.


Xunlei Debt-to-EBITDA vs Software Industry

For the Software industry and Technology sector, Xunlei's Debt-to-EBITDA distribution charts can be found below:

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


XNET
70GF Score
Xunlei Ltd XNET
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
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Xunlei Debt-to-EBITDA Calculation

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

Xunlei'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
=(37.696 + 39.664) / 1057.558
=0.07

Xunlei'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
=(30.983 + 40.134) / -760.044
=-0.09

* 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 -0.09 mean?
Xunlei (XNET) has a Debt-to-EBITDA of -0.09 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 Xunlei. According to the industry distribution chart, Xunlei ranks #174 out of 1699 companies in the Software industry, placing it in the top 10.2%.
Is Xunlei's Debt-to-EBITDA too high?
Xunlei's current Debt-to-EBITDA is -0.09. Based on the distribution chart, Xunlei ranks #174 out of 1699 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Xunlei has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Xunlei's Debt-to-EBITDA compare to PSFE and IIIV?
According to the Software industry distribution chart, Xunlei ranks #174 out of 1699 companies for Debt-to-EBITDA. This places Xunlei in the top 10% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 1.08. 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 1.08, based on 1,699 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 Xunlei. For the Software industry, the median Debt-to-EBITDA is 1.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Xunlei's current Debt-to-EBITDA is -0.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Xunlei stock overvalued right now?
Based on GuruFocus' analysis, Xunlei (XNET) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.24, compared to a current price of $4.82 — trading 48.6% above its estimated fair value. The current Debt-to-EBITDA is -0.09. Xunlei's overall GF Score™ is 70/100 with 5 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 Xunlei (XNET), the current Debt-to-EBITDA is -0.09 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 Xunlei (XNET) Overvalued in 2026?

Based on GuruFocus' analysis, Xunlei stock appears to be overvalued. The current stock price of $4.82 is trading 48.6% above its estimated GF Value™ of $3.24. GuruFocus considers Xunlei to be Significantly Overvalued.

Key valuation signals for XNET:

  • Debt-to-EBITDA: -0.09
  • GF Value™: $3.24 vs. price of $4.82 (48.6% above fair value)
  • GF Score™: 70/100 with 5 warning signs

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


Xunlei Business Description

Other Exchanges 4XN:Germany
Address 3709 Baishi Road, Nanshan District, Shenzhen, CHN, 518000
Xunlei Ltd is a technology company providing distributed cloud services in China. It operates a powerful internet platform in China based on cloud technology to enable its users to quickly access, store, manage and consume digital media content on the internet. The company has expanded its products and services from PC-based devices to mobile devices in part through pre-installed acceleration products in mobile phones to further enlarge its user base and offer its users a wider range of access points. It provides a wide range of products and services across cloud acceleration and digital entertainment to deliver an efficient, smart and safe internet environment to its users.
70GF Score

Get the complete analysis for XNET

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

$4.82
Price
$3.24
GF Value