Is it safe?
Can CNMD take a bad year?
CONMED Corporation carries $794M of net debt at 6.19× EBITDA: a heavy load to carry through a bad year.
$794M
Net debt · as at Q4 2025 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 6.19×
Net debt / EBITDA · 3.90× a year ago · the load is going up
- Altman Z-score
- 1.76
Altman Z-score · distress zone, below 1.8
- Interest cover
- 3.30×
Interest cover · operating profit covers the interest bill, with room to spare
Details›
- Total debtQ4 2025
- $835M
- Cash and short-term investments
- $41M
- Net debt
- $794M
- EBITDA, trailing twelve months
- $128M
- Operating profit, trailing twelve months
- $103M
- Debt / equity
- 0.81×
- Total debt / EBITDA
- 6.51×
- Annualised volatilitytwo years of daily moves
- 44%
- Worst drawdown on file
- −79%
- Below its 52-week high
- −9.2%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
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