EGYVAALCO Energy, Inc.
Is it safe?
Mostly sound, with a caveat: comfortable debt (AA), but big price swings.
Rock-solid balance sheet, low leverage. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -78% · now 9% 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 EGY take a bad year?
VAALCO Energy, Inc. carries $147M of net debt at 2.18× 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
- 2.18×
Net debt / EBITDA · −0.03× a year ago · the load is going up
- Debt / equity
- 0.47×
Debt / equity
- Annualised volatility
- 45%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtQ2 2026
- $177M
- Cash and short-term investments
- $30M
- Net debt
- $147M
- EBITDA, trailing twelve months
- $67M
- Operating profit, trailing twelve months
- −$37M
- Debt / equity
- 0.47×
- Total debt / EBITDA
- 2.63×
- Annualised volatilitytwo years of daily moves
- 45%
- Worst drawdown on file
- −78%
- Below its 52-week high
- 8.9%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.