CRMSalesforce

$233.97

Is it safe?

Can CRM take a bad year?

Salesforce carries $27.4B of net debt at 2.19× EBITDA: a load its earnings can carry.

$27.4B

Net debt · as at Q1 2027 · under two and a half years of EBITDA, comfortable

Net debt / EBITDA
2.19×

Net debt / EBITDA · −0.82× a year ago · the load is going up

Altman Z-score
2.40

Altman Z-score · grey zone, between 1.8 and 3

Interest cover
15.3×

Interest cover · operating profit covers the interest bill several times over

Details
Total debtQ1 2027
$39.3B
Cash and short-term investments
$11.8B
Net debt
$27.4B
EBITDA, trailing twelve months
$12.5B
Operating profit, trailing twelve months
$8.74B
Debt / equity
1.15×
Total debt / EBITDA
3.14×
Annualised volatilitytwo years of daily moves
39%
Worst drawdown on file
−59%
Below its 52-week high
−12%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.