CRNCCerence Inc.
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (BBB) and big price swings.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -98% · now 36% 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 CRNC take a bad year?
Cerence Inc. carries $173M of net debt at 4.71× EBITDA: a heavy load to carry through a bad year.
Net debt · as at Q3 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 4.71×
Net debt / EBITDA
- Interest cover
- 4.28×
Interest cover · operating profit covers the interest bill, with room to spare
- Annualised volatility
- 157%
Annualised volatility · three times the market's own swing
Details›
- Total debtQ3 2026
- $173M
- Cash and short-term investments
- $0
- Net debt
- $173M
- EBITDA, trailing twelve months
- $37M
- Operating profit, trailing twelve months
- $27M
- Debt / equity
- 1.04×
- Total debt / EBITDA
- 4.71×
- Annualised volatilitytwo years of daily moves
- 157%
- Worst drawdown on file
- −98%
- Below its 52-week high
- 36%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Software, Application
Ranks #46 of 96 by RyuScore