BATRKAtlanta Braves Holdings, Inc.
Is it safe?
Nothing alarming, nothing pristine: insiders quiet, comfortable debt (BBB), and steady price behavior.
Insiders were net sellers (-$15.3M, 90 days to Oct 8, 2026), selling is often routine.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Relatively steady, low volatility. Worst drawdown -55% · now 4% 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 BATRK 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.
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
- Interest cover
- none
Interest cover · no operating profit to pay the interest bill from
- Annualised volatility
- 20%
Annualised volatility · about as steady as the market itself
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
- 20%
- Worst drawdown on file
- −55%
- Below its 52-week high
- 4.2%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.