EYENational Vision Holdings, Inc.
Is it safe?
Solid, nothing alarming: comfortable debt (AA), but big price swings.
Mixed, watch the balance sheet Altman Z-score, a bankruptcy-risk model from five balance-sheet ratios.
Rock-solid balance sheet, low leverage. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -85% · now 43% below its 52-week high.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
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 EYE take a bad year?
National Vision Holdings, Inc. carries $197M of net debt at 1.13× EBITDA: a load its earnings can carry.
Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 1.13×
Net debt / EBITDA · 2.18× a year ago · the load is coming down
- Altman Z-score
- 1.95
Altman Z-score · grey zone, between 1.8 and 3
- Debt / equity
- 0.26×
Debt / equity
Details›
- Total debtQ2 2026
- $233M
- Cash and short-term investments
- $36M
- Net debt
- $197M
- EBITDA, trailing twelve months
- $175M
- Operating profit, trailing twelve months
- $83M
- Debt / equity
- 0.26×
- Total debt / EBITDA
- 1.33×
- Annualised volatilitytwo years of daily moves
- 50%
- Worst drawdown on file
- −85%
- Below its 52-week high
- 43%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.