BSYBentley Systems, Incorporated

$36.95

Is it safe?

Can BSY take a bad year?

Bentley Systems, Incorporated carries $1.07B of net debt at 2.56× EBITDA: a load its earnings can carry.

$1.07B

Net debt · as at Q2 2026 · between two and four years of EBITDA, normal for a stable business

Net debt / EBITDA
2.56×

Net debt / EBITDA

Altman Z-score
2.81

Altman Z-score · grey zone, between 1.8 and 3

Interest cover
19.7×

Interest cover · operating profit covers the interest bill several times over

Details
Total debtQ2 2026
$1.22B
Cash and short-term investments
$147M
Net debt
$1.07B
EBITDA, trailing twelve months
$419M
Operating profit, trailing twelve months
$378M
Debt / equity
1.01×
Total debt / EBITDA
2.91×
Annualised volatilitytwo years of daily moves
35%
Worst drawdown on file
−61%
Below its 52-week high
−35%

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