Is it safe?
Can CE take a bad year?
Celanese Corporation carries $10.8B of net debt at 235× EBITDA: a heavy load to carry through a bad year.
$10.8B
Net debt · as at Q1 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 235×
Net debt / EBITDA · 11772× a year ago · the load is coming down
- Altman Z-score
- 1.26
Altman Z-score · distress zone, below 1.8
- Interest cover
- none
Interest cover · no operating profit to pay the interest bill from
Details›
- Total debtQ1 2026
- $12.6B
- Cash and short-term investments
- $1.76B
- Net debt
- $10.8B
- EBITDA, trailing twelve months
- $46M
- Operating profit, trailing twelve months
- −$735M
- Debt / equity
- 3.09×
- Total debt / EBITDA
- 273×
- Annualised volatilitytwo years of daily moves
- 59%
- Worst drawdown on file
- −79%
- 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.