Is it safe?
Can AS take a bad year?
Amer Sports, Inc. carries $426M of net debt at 0.39× EBITDA: a load its earnings can carry.
$426M
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
- 49%
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
- 49%
- Worst drawdown on file
- −41%
- Below its 52-week high
- −26%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.