Is it safe?
Can CLMT take a bad year?
Calumet, Inc. carries $2.19B of net debt at 12.8× EBITDA: a heavy load to carry through a bad year.
$2.19B
Net debt · as at Q1 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 12.8×
Net debt / EBITDA · 19.8× a year ago · the load is coming down
- Altman Z-score
- 1.38
Altman Z-score · distress zone, below 1.8
- Cash runway
- 5+ years
Cash runway · burning $4.1M a quarter at the current rate
Details›
- Total debtQ1 2026
- $2.33B
- Cash and short-term investments
- $139M
- Net debt
- $2.19B
- EBITDA, trailing twelve months
- $171M
- Operating profit, trailing twelve months
- −$14M
- Total debt / EBITDA
- 13.7×
- Annualised volatilitytwo years of daily moves
- 61%
- Worst drawdown on file
- −90%
- Below its 52-week high
- −5.9%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Specialty Chemicals
Ranks #32 of 36 by Smart Score