ESTCElastic N.V.
Is it safe?
Caution warranted: heavy debt (BB) and big price swings.
Insiders were net sellers (-$234.6M, 90 days to Oct 8, 2026), selling is often routine.
Net cash, but unprofitable, speculative. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -77% · now at/near 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 ESTC take a bad year?
Elastic N.V. holds $890M 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
- none
Interest cover · no operating profit to pay the interest bill from
- Annualised volatility
- 56%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtQ1 2027
- $571M
- Cash and short-term investments
- $1.46B
- Net cash
- $890M
- EBITDA, trailing twelve months
- −$45M
- Operating profit, trailing twelve months
- −$48M
- Debt / equity
- 0.44×
- Annualised volatilitytwo years of daily moves
- 56%
- Worst drawdown on file
- −77%
- Below its 52-week high
- 1.6%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.