Blackedge (XTAE:BLEG) Debt-to-EBITDA : 35.39 (As of Jun. 2026) — 202% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XTAE:BLEG Blackedge Ltd XTAE:BLEG
82 GF Score
Price ₪336.40
GF Value ₪259.10
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is Blackedge Debt-to-EBITDA?

Blackedge XTAE:BLEG -1.90% 82 Debt-to-EBITDA is 35.39 as of Jun. 2026, which is 202% above its 10-year median of 11.73. GuruFocus rates XTAE:BLEG with a GF Score™ of 82/100 and a GF Value™ of ₪259.10 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 286 Credit Services companies, Blackedge ranks worse than 83.57% on this metric.

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

Blackedge's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ₪577.8 Mil. Blackedge's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ₪253.8 Mil. Blackedge's annualized EBITDA for the quarter that ended in Jun. 2026 was ₪23.5 Mil. Blackedge's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 35.39.

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

XTAE:BLEG' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -316.1   Med: 11.73   Max: 24.59
Current: 24.59

During the past 8 years, the highest Debt-to-EBITDA Ratio of Blackedge was 24.59. The lowest was -316.10. And the median was 11.73.

XTAE:BLEG's Debt-to-EBITDA is ranked worse than
83.57% of 286 companies
in the Credit Services industry
Industry Median: 8.37 vs XTAE:BLEG: 24.59

Blackedge  (XTAE:BLEG) 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.


Blackedge Debt-to-EBITDA Related Terms


Blackedge Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Blackedge'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.

Blackedge Debt-to-EBITDA Chart

Blackedge Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial 11.73 16.77 8.77 12.14 20.14

Blackedge 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 24.63 29.91 12.60 45.26 35.39

XTAE:BLEG vs V, MA, AXP: Debt-to-EBITDA Comparison

For the Credit Services subindustry, Blackedge'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.


Blackedge Debt-to-EBITDA vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Blackedge's Debt-to-EBITDA distribution charts can be found below:

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


XTAE:BLEG
82GF Score
Blackedge Ltd XTAE:BLEG
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Blackedge Debt-to-EBITDA Calculation

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

Blackedge'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
=(502.312 + 339.843) / 41.813
=20.14

Blackedge'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
=(577.844 + 253.841) / 23.5
=35.39

* 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 (Jun. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 35.39 mean?
Blackedge (XTAE:BLEG) has a Debt-to-EBITDA of 35.39 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 Blackedge. This is 202% above median its historical median of 11.73. According to the industry distribution chart, Blackedge ranks #239 out of 286 companies in the Credit Services industry, placing it in the top 83.6%.
Is Blackedge's Debt-to-EBITDA too high?
Blackedge's current Debt-to-EBITDA of 35.39 is 202% above median its 10-year median of 11.73. The Credit Services industry median Debt-to-EBITDA is 8.37. Blackedge's value of 35.39 is 322.8% above this industry median. Based on the distribution chart, Blackedge ranks #239 out of 286 companies in the Credit Services industry, which is in the bottom quartile relative to peers. Overall, Blackedge has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Blackedge's Debt-to-EBITDA compare to V and MA?
According to the Credit Services industry distribution chart, Blackedge ranks #239 out of 286 companies for Debt-to-EBITDA. This places Blackedge in the lower half of its industry. The industry median Debt-to-EBITDA is 8.37. Blackedge's value of 35.39 is 322.8% above this benchmark. While the company's 10-year median is 11.73 vs. the industry median of 8.37, Blackedge has consistently been above 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 Credit Services company?
The median Debt-to-EBITDA among Credit Services companies is 8.37, based on 286 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. Blackedge's current Debt-to-EBITDA of 35.39 is 322.8% above 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 Blackedge. For the Credit Services industry, the median Debt-to-EBITDA is 8.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Blackedge's current Debt-to-EBITDA is 35.39, which is 202% above median its own 10-year median of 11.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blackedge stock overvalued right now?
Based on GuruFocus' analysis, Blackedge (XTAE:BLEG) is currently considered Modestly Overvalued. The stock's GF Value™ is ₪259.10, compared to a current price of ₪336.40 — trading 29.8% above its estimated fair value. The current Debt-to-EBITDA is 35.39, which is 202% above median its 10-year median of 11.73 and 322.8% above the Credit Services industry median of 8.37. Blackedge's overall GF Score™ is 82/100 with 8 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 Blackedge (XTAE:BLEG), the current Debt-to-EBITDA is 35.39 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 Blackedge (XTAE:BLEG) Overvalued in 2026?

Based on GuruFocus' analysis, Blackedge stock appears to be overvalued. The current stock price of ₪336.40 is trading 29.8% above its estimated GF Value™ of ₪259.10. GuruFocus considers Blackedge to be Modestly Overvalued.

Key valuation signals for XTAE:BLEG:

  • Debt-to-EBITDA: 35.39 (202% above median its 10-year median of 11.73)
  • GF Value™: ₪259.10 vs. price of ₪336.40 (29.8% above fair value)
  • GF Score™: 82/100 with 8 warning signs
  • Industry Position: 322.8% above the Credit Services median (#239 of 286)

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


Blackedge Business Description

Address BSR Towers 3, 29th Floor, Bnei Brak, ISR, 5126237
Blackedge Ltd, formerly Michman Finance Ltd is engaged in providing a variety of loans and non-bank services to businesses. The products of the company comprise Discount checks, Extended license, Import financing, Business Mediation loans, and Extended license, among others.
82GF Score

Get the complete analysis for XTAE:BLEG

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

₪336.40
Price
₪259.10
GF Value