BKNGBooking Holdings
Is it safe?
Strong, no red flags: a safe balance sheet.
Financially healthy, low distress risk Altman Z-score, a bankruptcy-risk model from five balance-sheet ratios.
Insiders were net sellers (-$17.2M, 90 days to Oct 8, 2026), selling is often routine.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -48% · now 27% below its 52-week high.
Unless marked, from SEC EDGAR, as of Dec 31, 2025.
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 BKNG take a bad year?
Booking Holdings carries $2.97B of net debt at 0.30× 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
- 0.30×
Net debt / EBITDA · 0.10× a year ago · the load is going up
- Altman Z-score
- 6.38
Altman Z-score · safe zone, above 3
- Interest cover
- 8.42×
Interest cover · operating profit covers the interest bill several times over
Details›
- Total debtQ2 2026
- $20.2B
- Cash and short-term investments
- $17.2B
- Net debt
- $2.97B
- EBITDA, trailing twelve months
- $9.86B
- Operating profit, trailing twelve months
- $9.28B
- Total debt / EBITDA
- 2.05×
- Annualised volatilitytwo years of daily moves
- 33%
- Worst drawdown on file
- −48%
- Below its 52-week high
- 27%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
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