EXLSExlService Holdings, Inc.

$37.50

Is it safe?

Can EXLS take a bad year?

ExlService Holdings, Inc. carries $164M of net debt at 0.42× EBITDA: a load its earnings can carry.

$164M

Net debt · as at Q1 2026 · under two and a half years of EBITDA, comfortable

Net debt / EBITDA
0.42×

Net debt / EBITDA · −0.07× a year ago · the load is going up

Altman Z-score
6.38

Altman Z-score · safe zone, above 3

Interest cover
18.8×

Interest cover · operating profit covers the interest bill several times over

Details
Total debtQ1 2026
$417M
Cash and short-term investments
$254M
Net debt
$164M
EBITDA, trailing twelve months
$387M
Operating profit, trailing twelve months
$327M
Debt / equity
0.54×
Total debt / EBITDA
1.08×
Annualised volatilitytwo years of daily moves
34%
Worst drawdown on file
−51%
Below its 52-week high
−17%

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