CALCaleres, Inc.
Is it safe?
Mostly sound, with a caveat: comfortable debt (AA), but big price swings.
Rock-solid balance sheet, low leverage. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -92% · now 16% 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 CAL take a bad year?
Caleres, Inc. carries $237M of net debt at 2.01× 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
- 2.01×
Net debt / EBITDA · 1.74× a year ago · the load is going up
- Debt / equity
- 0.43×
Debt / equity
- Annualised volatility
- 63%
Annualised volatility · three times the market's own swing
Details›
- Total debtQ2 2026
- $288M
- Cash and short-term investments
- $51M
- Net debt
- $237M
- EBITDA, trailing twelve months
- $118M
- Operating profit, trailing twelve months
- $87M
- Debt / equity
- 0.43×
- Total debt / EBITDA
- 2.44×
- Annualised volatilitytwo years of daily moves
- 63%
- Worst drawdown on file
- −92%
- Below its 52-week high
- 16%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.