ARKOArko Corp.
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (A) and big price swings.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -77% · now 52% 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 ARKO take a bad year?
Arko Corp. carries $421M of net debt at 1.84× EBITDA: a load its earnings can carry.
Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 1.84×
Net debt / EBITDA · 2.61× a year ago · the load is coming down
- Interest cover
- 1.13×
Interest cover · operating profit barely covers the interest bill
- Annualised volatility
- 58%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtQ2 2026
- $675M
- Cash and short-term investments
- $254M
- Net debt
- $421M
- EBITDA, trailing twelve months
- $228M
- Operating profit, trailing twelve months
- $98M
- Debt / equity
- 1.68×
- Total debt / EBITDA
- 2.96×
- Annualised volatilitytwo years of daily moves
- 58%
- Worst drawdown on file
- −77%
- Below its 52-week high
- 52%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.