CRAICRA International, Inc.
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (A) and typical volatility.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -61% · now 20% 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 CRAI take a bad year?
CRA International, Inc. carries $198M of net debt at 2.12× EBITDA: a load its earnings can carry.
Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 2.12×
Net debt / EBITDA · 1.02× a year ago · the load is going up
- Cash runway
- 0.8 years
Cash runway · burning $6.9M a quarter at the current rate
- Annualised volatility
- 37%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtQ2 2026
- $219M
- Cash and short-term investments
- $21M
- Net debt
- $198M
- EBITDA, trailing twelve months
- $93M
- Operating profit, trailing twelve months
- $79M
- Debt / equity
- 1.20×
- Total debt / EBITDA
- 2.35×
- Annualised volatilitytwo years of daily moves
- 37%
- Worst drawdown on file
- −61%
- 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.