Is it safe?
Can ADC take a bad year?
Agree Realty Corporation carries $572M of net debt at 0.94× EBITDA: a load its earnings can carry.
$572M
Net debt · as at Q1 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 0.94×
Net debt / EBITDA · 0.65× a year ago · the load is going up
- Cash runway
- 0.0 years
Cash runway · burning $245M a quarter at the current rate
- Annualised volatility
- 17%
Annualised volatility · about as steady as the market itself
Details›
- Total debtQ1 2026
- $597M
- Cash and short-term investments
- $25M
- Net debt
- $572M
- EBITDA, trailing twelve months
- $611M
- Operating profit, trailing twelve months
- $360M
- Debt / equity
- 0.10×
- Total debt / EBITDA
- 0.98×
- Annualised volatilitytwo years of daily moves
- 17%
- Worst drawdown on file
- −39%
- Below its 52-week high
- −9.2%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.