BIRKBirkenstock Holding plc
Is it safe?
Nothing alarming, nothing pristine: insiders quiet, comfortable debt (AA), and typical volatility.
Insiders were net sellers (-$1.1B, 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.
Moderate price swings, typical volatility. Worst drawdown -53% · now 31% 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 BIRK take a bad year?
Birkenstock Holding plc carries $911M of net debt at 1.34× EBITDA: a load its earnings can carry.
Net debt · as at Q1 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 1.34×
Net debt / EBITDA · 1.63× a year ago · the load is coming down
- Interest cover
- 8.82×
Interest cover · operating profit covers the interest bill several times over
- Annualised volatility
- 44%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtQ1 2026
- $1.14B
- Cash and short-term investments
- $229M
- Net debt
- $911M
- EBITDA, trailing twelve months
- $681M
- Operating profit, trailing twelve months
- $564M
- Debt / equity
- 0.41×
- Total debt / EBITDA
- 1.67×
- Annualised volatilitytwo years of daily moves
- 44%
- Worst drawdown on file
- −53%
- Below its 52-week high
- 31%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Footwear & Accessories
Ranks #4 of 9 by RyuScore