BATRAAtlanta Braves Holdings, Inc.

$56.64

Is it safe?

Can BATRA take a bad year?

Atlanta Braves Holdings, Inc. carries $677M of net debt at 61.1× EBITDA: a heavy load to carry through a bad year.

$677M

Net debt · as at Q2 2026 · over four years of earnings before interest, tax and depreciation, heavy

Net debt / EBITDA
61.1×

Net debt / EBITDA · 12.0× a year ago · the load is going up

Altman Z-score
1.72

Altman Z-score · distress zone, below 1.8

Interest cover
none

Interest cover · no operating profit to pay the interest bill from

Details
Total debtQ2 2026
$793M
Cash and short-term investments
$116M
Net debt
$677M
EBITDA, trailing twelve months
$11M
Operating profit, trailing twelve months
−$71M
Debt / equity
1.54×
Total debt / EBITDA
71.6×
Annualised volatilitytwo years of daily moves
19%
Worst drawdown on file
−54%
Below its 52-week high
−2.0%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.