EEni S.p.A.

$53.55

Is it safe?

Can E take a bad year?

Eni S.p.A. carries $16.7B of net debt at 1.35× EBITDA: a load its earnings can carry.

$16.7B

Net debt · as at FY2025 · under two and a half years of EBITDA, comfortable

Net debt / EBITDA
1.35×

Net debt / EBITDA · 1.65× a year ago · the load is coming down

Interest cover
0.61×

Interest cover · operating profit barely covers the interest bill

Annualised volatility
24%

Annualised volatility · about as steady as the market itself

Details
Total debtFY2025
$28.5B
Cash and short-term investments
$11.8B
Net debt
$16.7B
EBITDA, trailing twelve months
$12.4B
Operating profit, trailing twelve months
$5.01B
Debt / equity
0.59×
Total debt / EBITDA
2.31×
Annualised volatilitytwo years of daily moves
24%
Worst drawdown on file
−62%
Below its 52-week high
−6.5%

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