ASAmer Sports, Inc.
Is it safe?
Mostly sound, with a caveat: comfortable debt (AA), but big price swings.
Insiders were net sellers (-$3.2M, 90 days to Oct 8, 2026), selling is often routine.
Rock-solid balance sheet, low leverage. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -41% · now 33% 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 AS take a bad year?
Amer Sports, Inc. carries $426M of net debt at 0.39× EBITDA: a load its earnings can carry.
Net debt · as at Q4 2025 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 0.39×
Net debt / EBITDA · 0.96× a year ago · the load is coming down
- Interest cover
- 7.18×
Interest cover · operating profit covers the interest bill several times over
- Annualised volatility
- 48%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtQ4 2025
- $1.08B
- Cash and short-term investments
- $652M
- Net debt
- $426M
- EBITDA, trailing twelve months
- $1.09B
- Operating profit, trailing twelve months
- $702M
- Debt / equity
- 0.19×
- Total debt / EBITDA
- 0.99×
- Annualised volatilitytwo years of daily moves
- 48%
- Worst drawdown on file
- −41%
- Below its 52-week high
- 33%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.