Is it safe?
Can ATO take a bad year?
Atmos Energy carries $9.73B of net debt at 3.75× EBITDA: a load its earnings can carry.
$9.73B
Net debt · as at Q3 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 3.75×
Net debt / EBITDA · 3.65× a year ago · the load is going up
- Altman Z-score
- 1.75
Altman Z-score · distress zone, below 1.8
- Cash runway
- 0.3 years
Cash runway · burning $505M a quarter at the current rate
Details›
- Total debtQ3 2026
- $10.3B
- Cash and short-term investments
- $521M
- Net debt
- $9.73B
- EBITDA, trailing twelve months
- $2.60B
- Operating profit, trailing twelve months
- $1.82B
- Debt / equity
- 0.67×
- Total debt / EBITDA
- 3.95×
- Annualised volatilitytwo years of daily moves
- 16%
- Worst drawdown on file
- −33%
- Below its 52-week high
- −11%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Utilities - Regulated Gas
Ranks #10 of 13 by Smart Score