Is it safe?
Can CP take a bad year?
Canadian Pacific Kansas City Limited carries $23.9B of net debt at 3.16× EBITDA: a load its earnings can carry.
$23.9B
Net debt · as at Q1 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 3.16×
Net debt / EBITDA · 3.01× a year ago · the load is going up
- Debt / equity
- 0.52×
Debt / equity
- Annualised volatility
- 24%
Annualised volatility · about as steady as the market itself
Details›
- Total debtQ1 2026
- $24.3B
- Cash and short-term investments
- $409M
- Net debt
- $23.9B
- EBITDA, trailing twelve months
- $7.58B
- Operating profit, trailing twelve months
- $5.55B
- Debt / equity
- 0.52×
- Total debt / EBITDA
- 3.21×
- Annualised volatilitytwo years of daily moves
- 24%
- Worst drawdown on file
- −34%
- Below its 52-week high
- −2.1%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.