EchoStar debt and dilution0

Borrowings, liquidity, share count and stock-based dilution.

Total debt

USD millions

$17,431.703M

Cash & equivalents

USD millions

$439.988M

Net debt

USD millions

$16,991.715M

Debt / equity

1.23×

Debt / assets

44.21%

Net debt / EBITDA

× · TTM

—

Debt / FCF

× · TTM

—

Interest coverage

× · TTM

—

Current ratio

5.2×

Diluted shares

Million shares

351.62M shares

Basic shares

Million shares

290.14M shares

Share count growth

100,816.85%

Share repurchases

USD millions

—

Quarterly data

EchoStar capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal period	Ended	Total debtUSD millions	Cash & equivalentsUSD millions	Net debtUSD millions	Debt / equity×	Debt / assets%	Net debt / EBITDA×	Debt / FCF×	Interest coverage×	Current ratio×	Diluted sharesMillion shares	Basic sharesMillion shares	Share count growth%	Share repurchasesUSD millions
FY 2026 Q2	Jun 30, 2026	17,431.7	439.99	16,991.72	1.23×	44.21%	—	—	—	5.2×	351.62	290.14	100,816.85%	—
FY 2026 Q1	Mar 31, 2026	24,252.58	1,343.78	22,908.8	4.27×	58.62%	—	—	—	0.3×	289.01	289.01	100,772.91%	—
FY 2025 Q4	Dec 31, 2025	25,979.87	1,883.07	24,096.8	4.47×	60.4%	—	—	—	0.42×	1,140.13	1,140.13	4.64%	0
FY 2025 Q3	Sep 30, 2025	26,310.87	2,431.74	23,879.13	3.76×	58.12%	—	—	—	0.61×	0.29	0.29	6%	—
FY 2025 Q2	Jun 30, 2025	26,454.92	2,345.09	24,109.83	1.34×	44.18%	17.3×	—	—	1.22×	0.29	0.29	5.86%	—
FY 2025 Q1	Mar 31, 2025	26,332.76	2,529.88	23,802.88	1.31×	43.47%	15.3×	—	—	1.26×	0.29	0.29	5.52%	—
FY 2024 Q4	Dec 31, 2024	26,603.32	4,305.39	22,297.92	1.31×	43.66%	13.71×	—	—	1.39×	1,089.55	1,089.55	31.86%	—
FY 2024 Q3	Sep 30, 2024	24,077.55	622.61	23,454.94	1.23×	41.84%	14.1×	—	—	0.67×	0.27	0.27	-99.68%	—
FY 2024 Q2	Jun 30, 2024	21,761.63	419.25	21,342.38	1.11×	39.38%	12.09×	—	—	0.4×	0.27	0.27	-99.68%	—
FY 2024 Q1	Mar 31, 2024	21,787.46	613.7	21,173.76	1.1×	39.22%	12.18×	—	—	0.44×	0.27	0.27	-99.67%	—
FY 2023 Q4	Dec 31, 2023	22,763.92	1,821.38	20,942.54	1.14×	39.86%	15.87×	—	-3.08×	0.61×	826.22	826.31	893.98%	—
FY 2023 Q3	Sep 30, 2023	1,497.4	1,094.53	402.87	0.41×	24.03%	0.27×	7.34×	9.81×	6.23×	83.85	83.85	0.85%	0
FY 2023 Q2	Jun 30, 2023	1,497.19	702.06	795.13	0.41×	24%	0.64×	7.25×	10.06×	6.02×	83.77	83.77	-0.65%	0
FY 2023 Q1	Mar 31, 2023	1,496.98	920.11	576.88	0.41×	24.17%	0.58×	7.53×	9.89×	5.76×	83.33	83.33	-2.93%	0
FY 2022 Q4	Dec 31, 2022	3,049.34	704.54	2,344.8	0.85×	49.19%	5.77×	14.97×	3.32×	5.03×	83.16	83.13	-4.13%	0
FY 2022 Q3	Sep 30, 2022	1,496.58	901.27	595.31	0.42×	24.43%	0.93×	7.06×	2.95×	5.02×	83.14	83.14	-6.01%	12.21
FY 2022 Q2	Jun 30, 2022	1,496.38	991.6	504.78	0.43×	24.46%	0.75×	7.08×	3.09×	4.51×	84.32	84.32	-7.03%	43.79
FY 2022 Q1	Mar 31, 2022	1,496.19	889.2	606.99	0.42×	24.25%	0.88×	6.02×	2.75×	4.56×	85.88	85.85	-8.55%	33.31
FY 2021 Q4	Dec 31, 2021	1,495.99	535.89	960.1	0.44×	24.75%	0.67×	7.72×	2.27×	4.19×	86.68	86.71	-11.51%	32.05
FY 2021 Q3	Sep 30, 2021	1,495.81	429.66	1,066.15	0.42×	24.19%	1.49×	11.41×	1.83×	4.01×	88.51	88.46	-9.74%	65.56
FY 2021 Q2	Jun 30, 2021	1,495.62	716.52	779.1	0.42×	24.09%	1.12×	12.12×	1.36×	3.54×	90.71	90.69	-7.35%	55.96
FY 2021 Q1	Mar 31, 2021	2,304.19	1,583.75	720.45	0.65×	33.15%	1.06×	23.87×	1.06×	2.03×	93.9	93.87	-4.03%	107.86
FY 2020 Q4	Dec 31, 2020	2,393.49	896.01	1,497.49	0.66×	33.84%	4.27×	19.06×	0.76×	2.04×	97.99	97.99	0.33%	37.57
FY 2020 Q3	Sep 30, 2020	2,392.38	555.55	1,836.83	0.66×	34.05%	2.93×	26.61×	0.51×	2.1×	98	98	0.56%	0
FY 2020 Q2	Jun 30, 2020	2,391.29	1,948.46	442.82	0.67×	34.28%	0.73×	19.16×	0.43×	2.08×	97.88	97.88	-17.73%	0
FY 2020 Q1	Mar 31, 2020	2,390.22	1,599.03	791.19	0.66×	34.34%	1.27×	17.02×	0.35×	6.2×	97.81	97.81	-16.9%	5.89
FY 2019 Q4	Dec 31, 2019	2,390.22	1,519.43	870.79	0.64×	33.41%	1.54×	10.05×	0.29×	5.72×	97.66	97.66	-18.28%	0
FY 2019 Q3	Sep 30, 2019	2,389.34	1,547.16	842.18	0.65×	33.95%	1.25×	8.88×	0.38×	6.35×	97.46	97.46	-17.88%	0
FY 2019 Q2	Jun 30, 2019	2,596.03	1,298.01	1,298.03	0.61×	32.65%	1.74×	11.03×	0.54×	6.1×	118.98	118.98	0.34%	0
FY 2019 Q1	Mar 31, 2019	3,517.07	1,349.72	2,167.34	0.84×	40.06%	2.74×	14.87×	0.75×	2.73×	118.07	117.71	-0.52%	0
FY 2018 Q4	Dec 31, 2018	3,532.78	928.31	2,604.48	0.85×	40.79%	3.33×	19.69×	0.74×	2.66×	116.13	119.51	1.15%	—
FY 2018 Q3	Sep 30, 2018	3,612.91	1,597.3	2,015.61	0.85×	40.82%	2.42×	35.05×	0.99×	2.7×	119.55	118.67	0.53%	—
FY 2018 Q2	Jun 30, 2018	3,620.29	1,793.05	1,827.24	0.85×	41.18%	2.28×	37.41×	0.96×	2.77×	119.63	118.58	0.58%	—
FY 2018 Q1	Mar 31, 2018	3,627.4	2,239.59	1,387.81	0.86×	41.4%	1.84×	32.52×	0.86×	8.99×	118.33	118.33	1.21%	—
FY 2017 Q4	Dec 31, 2017	3,634.84	2,431.46	1,203.39	0.87×	41.54%	1.67×	25.3×	0.9×	8.98×	119.8	118.15	1.65%	—
FY 2017 Q3	Sep 30, 2017	3,644.12	2,798.36	845.76	0.94×	41.38%	1.11×	17.42×	1.3×	8.61×	119.56	118.04	1.87%	—
FY 2017 Q2	Jun 30, 2017	3,650.98	2,985.06	665.91	0.95×	41.76%	0.86×	14.34×	1.57×	9.11×	119.43	117.89	1.91%	—
FY 2017 Q1	Mar 31, 2017	3,657.31	2,799.55	857.77	0.95×	41.81%	1.06×	22.54×	2.26×	8.85×	118.33	116.92	1.52%	—
FY 2016 Q4	Dec 31, 2016	3,660.19	2,571.14	1,089.04	0.91×	40.63%	1.27×	45.19×	2.95×	7.01×	117.31	116.24	1.48%	—
FY 2016 Q3	Sep 30, 2016	3,667.69	2,215.71	1,451.98	0.92×	40.85%	1.71×	—	3.29×	6.78×	116.49	115.87	1.51%	—
FY 2016 Q2	Jun 30, 2016	2,182.97	761.84	1,421.13	0.56×	29.65%	1.64×	—	3.64×	4.3×	116.4	115.69	1.59%	—
FY 2016 Q1	Mar 31, 2016	2,186.8	898.82	1,287.99	0.57×	29.81%	1.46×	—	3.29×	0.89×	115.81	115.17	1.48%	—
FY 2015 Q4	Dec 31, 2015	2,223.64	924.24	1,299.4	0.59×	30.71%	1.47×	—	2.92×	4.05×	115.29	114.55	1.33%	—
FY 2015 Q3	Sep 30, 2015	2,228.21	779.11	1,449.11	0.6×	30.57%	1.63×	—	2.57×	4.16×	115.37	114.15	1.25%	—
FY 2015 Q2	Jun 30, 2015	2,234	502.01	1,731.99	0.6×	30.89%	1.92×	26.7×	2.38×	4.31×	115.4	113.88	1.3%	—
FY 2015 Q1	Mar 31, 2015	2,351.55	591.51	1,760.05	0.64×	32.14%	1.94×	20.27×	2.18×	4.27×	115.2	113.49	1.41%	—
FY 2014 Q4	Dec 31, 2014	2,367.69	549.05	1,818.63	0.65×	32.64%	2.06×	14.79×	1.91×	4.5×	113.9	113.04	1.37%	—
FY 2014 Q3	Sep 30, 2014	2,377.27	760.39	1,616.88	0.66×	32.51%	1.97×	14.85×	1.54×	4.01×	114.73	112.74	1.66%	—
FY 2014 Q2	Jun 30, 2014	2,390.42	708.26	1,682.16	0.67×	33.33%	2.24×	18.99×	1.22×	4.55×	114.41	112.41	3.31%	—
FY 2014 Q1	Mar 31, 2014	2,406.6	702.01	1,704.6	0.68×	33.25%	2.61×	14.25×	0.74×	3.86×	113.94	111.91	2.85%	—
FY 2013 Q4	Dec 31, 2013	2,422.39	634.12	1,788.27	0.75×	36.14%	2.93×	41.31×	0.54×	4.22×	119.09	111.51	3.27%	—
FY 2013 Q3	Sep 30, 2013	2,432.78	821.36	1,611.43	0.76×	36.5%	2.83×	17.42×	0.4×	4.11×	112.62	110.9	2.97%	—
FY 2013 Q2	Jun 30, 2013	2,445.65	700.13	1,745.51	0.77×	37.59%	3.24×	20.37×	0.33×	4.48×	108.81	108.81	1.21%	—
FY 2013 Q1	Mar 31, 2013	2,462.68	737.41	1,725.27	0.78×	37.6%	3.06×	546.65×	0.62×	4.27×	110.57	108.81	1.72%	—
FY 2012 Q4	Dec 31, 2012	2,488.5	731.61	1,756.89	0.79×	37.7%	3.15×	—	0.7×	3.77×	109.3	107.98	1.06%	—
FY 2012 Q3	Sep 30, 2012	2,497.34	694.46	1,802.88	0.79×	37.52%	3.16×	43.38×	0.69×	3.85×	108.59	107.7	0.89%	—
FY 2012 Q2	Jun 30, 2012	2,523.93	633.39	1,890.55	0.8×	38.02%	3.23×	—	0.68×	3.79×	108.36	107.51	0.94%	—
FY 2012 Q1	Mar 31, 2012	2,545.68	629.09	1,916.59	0.82×	38.07%	3.53×	—	0.82×	3.67×	107.76	106.97	1.43%	—
FY 2011 Q4	Dec 31, 2011	2,534.26	614.04	1,920.23	0.83×	38.73%	4.11×	36.28×	0.98×	3.95×	107.17	106.85	1.61%	—
FY 2011 Q3	Sep 30, 2011	2,397.64	640.81	1,756.83	0.79×	37.1%	4.16×	13.76×	2.25×	3.14×	106.75	106.75	1.58%	—
FY 2011 Q2	Jun 30, 2011	2,405.61	330.16	2,075.44	0.77×	36.9%	5.62×	12.12×	24.99×	2.57×	108.22	106.51	101,324.17%	—
FY 2011 Q1	Mar 31, 2011	409.21	121.6	287.61	0.13×	10.43%	0.84×	1.54×	44.91×	3.96×	113.94	105.47	—	—
FY 2010 Q4	Dec 31, 2010	412.89	141.81	271.07	0.14×	10.75%	0.73×	1.99×	9.78×	4.28×	105.39	105.15	—	0
FY 2010 Q3	Sep 30, 2010	411.63	116.7	294.92	0.15×	11.33%	—	—	—	3.95×	105.2	105.08	—	0
FY 2010 Q2	Jun 30, 2010	422.27	122.32	299.95	0.15×	11.89%	—	—	—	3.99×	0.11	0.11	—	—

Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.

Market prices: Yahoo Finance · ECHO, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Total debt: Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
Cash & equivalents: Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
Net debt: Total debt − cash and equivalents. Negative means net cash.
Debt / equity: Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
Debt / assets: Total debt / total assets × 100.
Net debt / EBITDA: Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
Debt / FCF: Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
Interest coverage: TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
Current ratio: Current assets / positive current liabilities.
Diluted shares: Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
Basic shares: Reported weighted average basic shares, normalized for subsequent recorded stock splits.
Share count growth: Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
Share repurchases: Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.