Cameco (XSWX:CCJ) Debt-to-EBITDA : 0.99 (As of Mar. 2026) — 68% Below Median


XSWX:CCJ Cameco Corp XSWX:CCJ
90 GF Score
Price CHF76.81
GF Value CHF53.75
! 3 Warning Signs
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What is Cameco Debt-to-EBITDA?

Cameco XSWX:CCJ -2.55% 90 Debt-to-EBITDA is 0.99 as of Mar. 2026, which is 68% below its 10-year median of 3.11. GuruFocus rates XSWX:CCJ with a GF Score™ of 90/100 and a GF Value™ of CHF53.75. The stock has 3 warning signs investors should review. Among 93 Other Energy Sources companies, Cameco ranks better than 65.59% on this metric.

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

Cameco's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was CHF0 Mil. Cameco's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was CHF572 Mil. Cameco's annualized EBITDA for the quarter that ended in Mar. 2026 was CHF580 Mil. Cameco's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 0.99.

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

XSWX:CCJ' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.81   Med: 3.11   Max: 6.85
Current: 0.81

During the past 13 years, the highest Debt-to-EBITDA Ratio of Cameco was 6.85. The lowest was 0.81. And the median was 3.11.

XSWX:CCJ's Debt-to-EBITDA is ranked better than
65.59% of 93 companies
in the Other Energy Sources industry
Industry Median: 2.17 vs XSWX:CCJ: 0.81

Cameco  (XSWX:CCJ) 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.


Cameco Debt-to-EBITDA Related Terms


Cameco Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Cameco'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.

Cameco Debt-to-EBITDA Chart

Cameco 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 6.77 3.01 2.23 1.93 0.85

Cameco 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 1.19 0.50 2.84 0.64 0.99

XSWX:CCJ vs UEC, LEU: Debt-to-EBITDA Comparison

For the Uranium subindustry, Cameco'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.


Cameco Debt-to-EBITDA vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Cameco's Debt-to-EBITDA distribution charts can be found below:

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


XSWX:CCJ
90GF Score
Cameco Corp XSWX:CCJ
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
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Cameco Debt-to-EBITDA Calculation

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

Cameco'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
=(0 + 575.563) / 673.61
=0.85

Cameco'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
=(0 + 571.854) / 580.152
=0.99

* 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 0.99 mean?
Cameco (XSWX:CCJ) has a Debt-to-EBITDA of 0.99 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 Cameco. This is 68% below median its historical median of 3.11. Over the past decade, Cameco's Debt-to-EBITDA has ranged from 0.81 to 6.85. According to the industry distribution chart, Cameco ranks #32 out of 93 companies in the Other Energy Sources industry, placing it in the top 34.4%.
Is Cameco's Debt-to-EBITDA too high?
Cameco's current Debt-to-EBITDA of 0.99 is 68% below median its 10-year median of 3.11. Over the past 10 years, this metric has ranged from a low of 0.81 to a high of 6.85. The Other Energy Sources industry median Debt-to-EBITDA is 2.17. Cameco's value of 0.99 is 54.4% below this industry median. Based on the distribution chart, Cameco ranks #32 out of 93 companies in the Other Energy Sources industry, which is above the industry midpoint. Overall, Cameco has a GF Score™ of 90/100, reflecting its overall financial health beyond just this single metric.
How does Cameco's Debt-to-EBITDA compare to UEC and LEU?
According to the Other Energy Sources industry distribution chart, Cameco ranks #32 out of 93 companies for Debt-to-EBITDA. This puts Cameco in the upper half of its industry. The industry median Debt-to-EBITDA is 2.17. Cameco's value of 0.99 is 54.4% below this benchmark. Historically, Cameco's own Debt-to-EBITDA has ranged from 0.81 to 6.85 over the past decade. While the company's 10-year median is 3.11 vs. the industry median of 2.17, Cameco 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 an Other Energy Sources company?
The median Debt-to-EBITDA among Other Energy Sources companies is 2.17, based on 93 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. Cameco's current Debt-to-EBITDA of 0.99 is 54.4% 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 Cameco. For the Other Energy Sources industry, the median Debt-to-EBITDA is 2.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cameco's current Debt-to-EBITDA is 0.99, which is 68% below median its own 10-year median of 3.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cameco stock overvalued right now?
Cameco (XSWX:CCJ) has a current Debt-to-EBITDA of 0.99. The stock's GF Value™ is CHF53.75, compared to a current price of CHF76.81 — trading 42.9% above its estimated fair value. The current Debt-to-EBITDA is 0.99, which is 68% below median its 10-year median of 3.11 and 54.4% below the Other Energy Sources industry median of 2.17. Cameco's 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 Cameco (XSWX:CCJ), the current Debt-to-EBITDA is 0.99 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 Cameco (XSWX:CCJ) Overvalued in 2026?

Based on GuruFocus' analysis, Cameco stock appears to be overvalued. The current stock price of CHF76.81 is trading 42.9% above its estimated GF Value™ of CHF53.75.

Key valuation signals for XSWX:CCJ:

  • Debt-to-EBITDA: 0.99 (68% below median its 10-year median of 3.11)
  • GF Value™: CHF53.75 vs. price of CHF76.81 (42.9% above fair value)
  • GF Score™: 90/100 with 3 warning signs
  • Industry Position: 54.4% below the Other Energy Sources median (#32 of 93)

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


Cameco Business Description

Address 11th Street West, Suite 2121, Saskatoon, SK, CAN, S7M 1J3
Cameco Corp is a provider of uranium needed to generate clean, reliable baseload electricity around the globe and is one of those uranium producers. It has three reportable segments: Uranium, Fuel Services, and Westinghouse, deriving maximum revenue from the Westinghouse segment. The Uranium segment involves the exploration for, mining, milling, purchase, and sale of uranium concentrate, while the Fuel Services segment involves the refining, conversion, and fabrication of uranium concentrate and the purchase and sale of conversion services. Westinghouse Electric Company provides products and services to nuclear reactors, including outage and maintenance services, engineering support, instrumentation and controls equipment, plant modification, and components and parts.
90GF Score

Get the complete analysis for XSWX:CCJ

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

CHF76.81
Price
CHF53.75
GF Value