Is it safe?
Can CWK take a bad year?
Cushman & Wakefield Limited carries $2.15B of net debt at 3.77× EBITDA: a load its earnings can carry.
$2.15B
Net debt · as at Q1 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 3.77×
Net debt / EBITDA · 4.96× a year ago · the load is coming down
- Interest cover
- 2.19×
Interest cover · operating profit covers the interest bill, with room to spare
- Annualised volatility
- 44%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtQ1 2026
- $2.75B
- Cash and short-term investments
- $601M
- Net debt
- $2.15B
- EBITDA, trailing twelve months
- $569M
- Operating profit, trailing twelve months
- $466M
- Debt / equity
- 1.41×
- Total debt / EBITDA
- 4.83×
- Annualised volatilitytwo years of daily moves
- 44%
- Worst drawdown on file
- −72%
- Below its 52-week high
- −16%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.