CPCanadian Pacific Kansas City Limited
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (A) and steady price behavior.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Relatively steady, low volatility. Worst drawdown -34% · now 13% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can CP take a bad year?
Canadian Pacific Kansas City Limited carries $24.8B of net debt at 3.21× EBITDA: a load its earnings can carry.
Net debt · as at Q2 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 3.21×
Net debt / EBITDA · 2.91× a year ago · the load is going up
- Debt / equity
- 0.54×
Debt / equity
- Annualised volatility
- 24%
Annualised volatility · about as steady as the market itself
Details›
- Total debtQ2 2026
- $25.1B
- Cash and short-term investments
- $366M
- Net debt
- $24.8B
- EBITDA, trailing twelve months
- $7.73B
- Operating profit, trailing twelve months
- $5.68B
- Debt / equity
- 0.54×
- Total debt / EBITDA
- 3.25×
- Annualised volatilitytwo years of daily moves
- 24%
- Worst drawdown on file
- −34%
- Below its 52-week high
- 13%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Industrials
Ranks #240 of 400 by RyuScore