DLXDeluxe Corporation

$23.61

Is it safe?

Can DLX take a bad year?

Deluxe Corporation carries $1.37B of net debt at 3.46× EBITDA: a load its earnings can carry.

$1.37B

Net debt · as at Q1 2026 · between two and four years of EBITDA, normal for a stable business

Net debt / EBITDA
3.46×

Net debt / EBITDA · 4.12× a year ago · the load is coming down

Altman Z-score
1.57

Altman Z-score · distress zone, below 1.8

Interest cover
2.16×

Interest cover · operating profit covers the interest bill, with room to spare

Details
Total debtQ1 2026
$1.40B
Cash and short-term investments
$27M
Net debt
$1.37B
EBITDA, trailing twelve months
$395M
Operating profit, trailing twelve months
$256M
Debt / equity
2.00×
Total debt / EBITDA
3.53×
Annualised volatilitytwo years of daily moves
41%
Worst drawdown on file
−79%
Below its 52-week high
−25%

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