FBYDFalcon's Beyond Global, Inc.
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (BBB) and big price swings.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -81% · now 58% 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 FBYD take a bad year?
Falcon's Beyond Global, Inc. carries $13M of net debt at 12.4× EBITDA: a heavy load to carry through a bad year.
Net debt · as at Q2 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 12.4×
Net debt / EBITDA
- Cash runway
- 0.2 years
Cash runway · burning $4.5M a quarter at the current rate
- Annualised volatility
- 124%
Annualised volatility · three times the market's own swing
Details›
- Total debtQ2 2026
- $16M
- Cash and short-term investments
- $3.1M
- Net debt
- $13M
- EBITDA, trailing twelve months
- $1.1M
- Operating profit, trailing twelve months
- $507K
- Debt / equity
- 1.09×
- Total debt / EBITDA
- 15.3×
- Annualised volatilitytwo years of daily moves
- 124%
- Worst drawdown on file
- −81%
- Below its 52-week high
- 58%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.