CVEOCiveo Corporation
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 -92% · now 10% 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 CVEO take a bad year?
Civeo Corporation carries $188M of net debt at 2.15× 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
- 2.15×
Net debt / EBITDA · 2.77× a year ago · the load is coming down
- Interest cover
- 1.00×
Interest cover · operating profit barely covers the interest bill
- Annualised volatility
- 37%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtQ2 2026
- $209M
- Cash and short-term investments
- $21M
- Net debt
- $188M
- EBITDA, trailing twelve months
- $87M
- Operating profit, trailing twelve months
- $15M
- Debt / equity
- 1.31×
- Total debt / EBITDA
- 2.39×
- Annualised volatilitytwo years of daily moves
- 37%
- Worst drawdown on file
- −92%
- Below its 52-week high
- 10%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.