Is it safe?
Can CECO take a bad year?
CECO Environmental Corp. carries $208M of net debt at 3.10× EBITDA: a load its earnings can carry.
$208M
Net debt · as at Q1 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 3.10×
Net debt / EBITDA · 1.83× a year ago · the load is going up
- Altman Z-score
- 7.33
Altman Z-score · safe zone, above 3
- Cash runway
- 5+ years
Cash runway · burning $1.5M a quarter at the current rate
Details›
- Total debtQ1 2026
- $253M
- Cash and short-term investments
- $45M
- Net debt
- $208M
- EBITDA, trailing twelve months
- $67M
- Operating profit, trailing twelve months
- $46M
- Debt / equity
- 0.81×
- Total debt / EBITDA
- 3.77×
- Annualised volatilitytwo years of daily moves
- 58%
- Worst drawdown on file
- −74%
- Below its 52-week high
- −29%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.