ELAEnvela Corporation
Is it safe?
Mostly sound, with a caveat: comfortable debt (AA), but big price swings.
Net cash and profitable. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -78% · now 58% 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 ELA take a bad year?
Envela Corporation holds $26M more cash than debt, so a bad year is a question about profits, not about lenders.
Net cash
- Net debt / EBITDA
- net cash
Net debt / EBITDA · no net borrowings to measure against earnings
- Interest cover
- 79.8×
Interest cover · operating profit covers the interest bill several times over
- Annualised volatility
- 61%
Annualised volatility · three times the market's own swing
Details›
- Total debtQ2 2026
- $17M
- Cash and short-term investments
- $43M
- Net cash
- $26M
- EBITDA, trailing twelve months
- $30M
- Operating profit, trailing twelve months
- $28M
- Debt / equity
- 0.22×
- Total debt / EBITDA
- 0.57×
- Annualised volatilitytwo years of daily moves
- 61%
- Worst drawdown on file
- −78%
- Below its 52-week high
- 58%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.