Is it safe?
Can APA take a bad year?
APA Corporation carries $3.30B of net debt at 0.55× EBITDA: a load its earnings can carry.
$3.30B
Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 0.55×
Net debt / EBITDA · 0.93× a year ago · the load is coming down
- Interest cover
- 13.4×
Interest cover · operating profit covers the interest bill several times over
- Annualised volatility
- 50%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtQ2 2026
- $3.74B
- Cash and short-term investments
- $444M
- Net debt
- $3.30B
- EBITDA, trailing twelve months
- $6.01B
- Operating profit, trailing twelve months
- $3.82B
- Debt / equity
- 0.53×
- Total debt / EBITDA
- 0.62×
- Annualised volatilitytwo years of daily moves
- 50%
- Worst drawdown on file
- −93%
- Below its 52-week high
- −7.1%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.