Is it safe?
Can CVS take a bad year?
CVS Health carries $47.5B of net debt at 3.70× EBITDA: a load its earnings can carry.
$47.5B
Net debt · as at Q2 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 3.70×
Net debt / EBITDA · 3.85× a year ago · the load is coming down
- Altman Z-score
- 2.35
Altman Z-score · grey zone, between 1.8 and 3
- Interest cover
- 2.67×
Interest cover · operating profit covers the interest bill, with room to spare
Details›
- Total debtQ2 2026
- $61.4B
- Cash and short-term investments
- $14.0B
- Net debt
- $47.5B
- EBITDA, trailing twelve months
- $12.8B
- Operating profit, trailing twelve months
- $8.29B
- Debt / equity
- 0.77×
- Total debt / EBITDA
- 4.79×
- Annualised volatilitytwo years of daily moves
- 35%
- Worst drawdown on file
- −57%
- Below its 52-week high
- −15%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Healthcare Plans
Ranks #7 of 11 by Smart Score