ALCAlcon Inc.
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (AA) and typical volatility.
Rock-solid balance sheet, low leverage. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -38% · now 26% 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 ALC take a bad year?
The deepest fall in ALC's price history on file is −38%; it is 26% below its high today.
Net debt · as at Q2 2023 · debt less the cash on hand
- Interest cover
- 6.35×
Interest cover · operating profit covers the interest bill several times over
- Annualised volatility
- 28%
Annualised volatility · about as steady as the market itself
- Worst drawdown on file
- −38%
Worst drawdown on file · −26% today
Details›
- Total debtQ2 2023
- $4.68B
- Cash and short-term investments
- $661M
- Net debt
- $4.02B
- Operating profit, trailing twelve months
- $984M
- Debt / equity
- 0.23×
- Annualised volatilitytwo years of daily moves
- 28%
- Worst drawdown on file
- −38%
- Below its 52-week high
- 26%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Medical Instruments & Supplies
Ranks #6 of 21 by RyuScore