ENLTEnlight Renewable Energy Ltd
Is it safe?
Nothing alarming, nothing pristine: insiders quiet, comfortable debt (BBB), and big price swings.
Insiders were net sellers (-$755K, 90 days to Oct 8, 2026), selling is often routine.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -39% · now 37% 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 ENLT take a bad year?
Enlight Renewable Energy Ltd carries $1.24B of net debt at 2.57× EBITDA: a load its earnings can carry.
Net debt · as at FY2025 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 2.57×
Net debt / EBITDA · 0.13× a year ago · the load is going up
- Cash runway
- 0.3 years
Cash runway · burning $382M a quarter at the current rate
- Annualised volatility
- 50%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtFY2025
- $1.77B
- Cash and short-term investments
- $529M
- Net debt
- $1.24B
- EBITDA, trailing twelve months
- $482M
- Operating profit, trailing twelve months
- $332M
- Debt / equity
- 1.05×
- Total debt / EBITDA
- 3.67×
- Annualised volatilitytwo years of daily moves
- 50%
- Worst drawdown on file
- −39%
- Below its 52-week high
- 37%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.