ASOAcademy Sports and Outdoors, Inc.
Is it safe?
One accounting flag to check: a safe balance sheet and quality strong, but an accounting pattern worth a look (common in fast growers) and big price swings.
Financially healthy, low distress risk Altman Z-score, a bankruptcy-risk model from five balance-sheet ratios.
Several accounting flags in the manipulation-likely range Beneish M-score, a forensic model that detects earnings-manipulation patterns (receivables outrunning sales, margins slipping, accrual-heavy profit).
High fundamental quality Piotroski F-score, nine pass/fail tests of year-over-year financial health across profitability, balance sheet and efficiency. 7 to 9 is strong, 0 to 3 weak.
Insiders were net sellers (-$5.6M, 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 -54% · now 12% below its 52-week high.
Unless marked, from SEC EDGAR, as of Jan 31, 2026.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
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 ASO take a bad year?
Academy Sports and Outdoors, Inc. carries $196M of net debt at 0.27× 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
- 0.27×
Net debt / EBITDA · 0.30× a year ago · the load is coming down
- Altman Z-score
- 2.77
Altman Z-score · grey zone, between 1.8 and 3
- Debt / equity
- 0.23×
Debt / equity
Details›
- Total debtQ2 2026
- $494M
- Cash and short-term investments
- $298M
- Net debt
- $196M
- EBITDA, trailing twelve months
- $714M
- Operating profit, trailing twelve months
- $592M
- Debt / equity
- 0.23×
- Total debt / EBITDA
- 0.69×
- Annualised volatilitytwo years of daily moves
- 48%
- Worst drawdown on file
- −54%
- Below its 52-week high
- 12%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.