Is it safe?
Can FLUT take a bad year?
Flutter Entertainment plc carries $10.4B of net debt at 10.1× EBITDA: a heavy load to carry through a bad year.
$10.4B
Net debt · as at Q2 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 10.1×
Net debt / EBITDA · 3.78× a year ago · the load is going up
- Interest cover
- none
Interest cover · no operating profit to pay the interest bill from
- Annualised volatility
- 43%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtQ2 2026
- $12.0B
- Cash and short-term investments
- $1.57B
- Net debt
- $10.4B
- EBITDA, trailing twelve months
- $1.03B
- Operating profit, trailing twelve months
- −$641M
- Debt / equity
- 1.37×
- Total debt / EBITDA
- 11.7×
- Annualised volatilitytwo years of daily moves
- 43%
- Worst drawdown on file
- −70%
- Below its 52-week high
- −68%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.