EMAEmera Incorporated

$50.67

Is it safe?

Can EMA take a bad year?

Emera Incorporated carries $21.1B of net debt at 6.45× EBITDA: a heavy load to carry through a bad year.

$21.1B

Net debt · as at FY2025 · over four years of earnings before interest, tax and depreciation, heavy

Net debt / EBITDA
6.45×

Net debt / EBITDA · 8.73× a year ago · the load is coming down

Cash runway
0.2 years

Cash runway · burning $433M a quarter at the current rate

Annualised volatility
27%

Annualised volatility · about as steady as the market itself

Details
Total debtFY2025
$21.5B
Cash and short-term investments
$354M
Net debt
$21.1B
EBITDA, trailing twelve months
$3.27B
Operating profit, trailing twelve months
$1.98B
Debt / equity
1.60×
Total debt / EBITDA
6.56×
Annualised volatilitytwo years of daily moves
27%
Worst drawdown on file
−36%
Below its 52-week high
−8.5%

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