Is it safe?
Can APG take a bad year?
APi Group Corporation carries $2.12B of net debt at 3.21× EBITDA: a load its earnings can carry.
$2.12B
Net debt · as at Q1 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 3.21×
Net debt / EBITDA · 4.18× a year ago · the load is coming down
- Altman Z-score
- 3.28
Altman Z-score · safe zone, above 3
- Debt / equity
- 0.79×
Debt / equity
Details›
- Total debtQ1 2026
- $2.76B
- Cash and short-term investments
- $645M
- Net debt
- $2.12B
- EBITDA, trailing twelve months
- $659M
- Operating profit, trailing twelve months
- $573M
- Debt / equity
- 0.79×
- Total debt / EBITDA
- 4.19×
- Annualised volatilitytwo years of daily moves
- 30%
- Worst drawdown on file
- −50%
- Below its 52-week high
- −17%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Engineering & Construction
Ranks #24 of 27 by Smart Score