diff --git a/cmake/modules/FindOpenVDB.cmake b/cmake/modules/FindOpenVDB.cmake
index 8c91fac05..8d8c1089b 100644
--- a/cmake/modules/FindOpenVDB.cmake
+++ b/cmake/modules/FindOpenVDB.cmake
@@ -223,7 +223,9 @@ foreach(COMPONENT ${OpenVDB_FIND_COMPONENTS})
   if (_is_multi)
     list(APPEND OpenVDB_LIB_COMPONENTS ${OpenVDB_${COMPONENT}_LIBRARY_RELEASE} ${OpenVDB_${COMPONENT}_LIBRARY_DEBUG})
 
-    if(OpenVDB_${COMPONENT}_LIBRARY_RELEASE AND ${OpenVDB_${COMPONENT}_LIBRARY_DEBUG})
+    list(FIND CMAKE_CONFIGURATION_TYPES "Debug" _has_debug)
+    
+    if(OpenVDB_${COMPONENT}_LIBRARY_RELEASE AND (_has_debug LESS 0 OR OpenVDB_${COMPONENT}_LIBRARY_DEBUG))
       set(OpenVDB_${COMPONENT}_FOUND TRUE)
     else()
       set(OpenVDB_${COMPONENT}_FOUND FALSE)