APHAmphenol

$161.37

Is it safe?

Can APH take a bad year?

Amphenol carries $13.4B of net debt at 1.46× EBITDA: a load its earnings can carry.

$13.4B

Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable

Net debt / EBITDA
1.46×

Net debt / EBITDA · 0.97× a year ago · the load is going up

Altman Z-score
7.28

Altman Z-score · safe zone, above 3

Interest cover
12.4×

Interest cover · operating profit covers the interest bill several times over

Details
Total debtQ2 2026
$18.8B
Cash and short-term investments
$5.42B
Net debt
$13.4B
EBITDA, trailing twelve months
$9.15B
Operating profit, trailing twelve months
$7.84B
Debt / equity
1.21×
Total debt / EBITDA
2.06×
Annualised volatilitytwo years of daily moves
41%
Worst drawdown on file
−38%
Below its 52-week high
−6.3%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.