Is it safe?
Can CMI take a bad year?
Cummins carries $3.31B of net debt at 0.66× EBITDA: a load its earnings can carry.
$3.31B
Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 0.66×
Net debt / EBITDA · 0.90× a year ago · the load is coming down
- Altman Z-score
- 5.37
Altman Z-score · safe zone, above 3
- Interest cover
- 12.1×
Interest cover · operating profit covers the interest bill several times over
Details›
- Total debtQ2 2026
- $7.24B
- Cash and short-term investments
- $3.92B
- Net debt
- $3.31B
- EBITDA, trailing twelve months
- $5.01B
- Operating profit, trailing twelve months
- $3.89B
- Debt / equity
- 0.56×
- Total debt / EBITDA
- 1.44×
- Annualised volatilitytwo years of daily moves
- 32%
- Worst drawdown on file
- −44%
- Below its 52-week high
- −20%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Specialty Industrial Machinery
Ranks #21 of 44 by Smart Score