AEBIAebi Schmidt Holding AG
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (A) and big price swings.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -41% · now 29% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can AEBI take a bad year?
Aebi Schmidt Holding AG carries $508M of net debt at 3.92× EBITDA: a load its earnings can carry.
Net debt · as at Q2 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 3.92×
Net debt / EBITDA · 5.29× a year ago · the load is coming down
- Interest cover
- 1.80×
Interest cover · operating profit barely covers the interest bill
- Annualised volatility
- 57%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtQ2 2026
- $618M
- Cash and short-term investments
- $110M
- Net debt
- $508M
- EBITDA, trailing twelve months
- $130M
- Operating profit, trailing twelve months
- $87M
- Debt / equity
- 0.75×
- Total debt / EBITDA
- 4.77×
- Annualised volatilitytwo years of daily moves
- 57%
- Worst drawdown on file
- −41%
- Below its 52-week high
- 29%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Farm & Heavy Construction Machinery
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