FIPFTAI Infrastructure Inc.
Is it safe?
Caution warranted: heavy debt (CCC) and big price swings.
Highly leveraged, watch solvency. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -74% · 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 FIP take a bad year?
FTAI Infrastructure Inc. carries $2.73B of net debt at 19.3× 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
- 19.3×
Net debt / EBITDA
- Cash runway
- 0.1 years
Cash runway · burning $80M a quarter at the current rate
- Annualised volatility
- 69%
Annualised volatility · three times the market's own swing
Details›
- Total debtQ2 2026
- $2.76B
- Cash and short-term investments
- $33M
- Net debt
- $2.73B
- EBITDA, trailing twelve months
- $142M
- Operating profit, trailing twelve months
- −$22M
- Total debt / EBITDA
- 19.5×
- Annualised volatilitytwo years of daily moves
- 69%
- Worst drawdown on file
- −74%
- 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.