Is it safe?
Can ALLE take a bad year?
Allegion carries $1.72B of net debt at 1.73× EBITDA: a load its earnings can carry.
$1.72B
Net debt · as at Q1 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 1.73×
Net debt / EBITDA · 1.62× a year ago · the load is going up
- Altman Z-score
- 4.26
Altman Z-score · safe zone, above 3
- Interest cover
- 8.54×
Interest cover · operating profit covers the interest bill several times over
Details›
- Total debtQ1 2026
- $2.03B
- Cash and short-term investments
- $309M
- Net debt
- $1.72B
- EBITDA, trailing twelve months
- $997M
- Operating profit, trailing twelve months
- $858M
- Debt / equity
- 0.97×
- Total debt / EBITDA
- 2.04×
- Annualised volatilitytwo years of daily moves
- 26%
- Worst drawdown on file
- −43%
- Below its 52-week high
- −10%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Security & Protection Services
Ranks #5 of 7 by Smart Score