FTAIFTAI Aviation Ltd.
Is it safe?
One accounting flag to check: insiders buying, but an accounting pattern worth a look (common in fast growers) and big price swings.
Several accounting flags in the manipulation-likely range Beneish M-score, a forensic model that detects earnings-manipulation patterns (receivables outrunning sales, margins slipping, accrual-heavy profit).
Mixed fundamental signals Piotroski F-score, nine pass/fail tests of year-over-year financial health across profitability, balance sheet and efficiency. 7 to 9 is strong, 0 to 3 weak.
Insiders were net buyers (+$498K, 90 days to Oct 8, 2026). SEC Form 4 filings: officers and directors must report their own trades within two business days.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -73% · now 45% below its 52-week high.
Unless marked, from SEC EDGAR, as of Dec 31, 2025.
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 FTAI take a bad year?
FTAI Aviation Ltd. carries $3.12B of net debt at 3.26× EBITDA: a load its earnings can carry.
Net debt · as at Q2 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 3.26×
Net debt / EBITDA · 3.51× a year ago · the load is coming down
- Cash runway
- 0.7 years
Cash runway · burning $120M a quarter at the current rate
- Annualised volatility
- 74%
Annualised volatility · three times the market's own swing
Details›
- Total debtQ2 2026
- $3.45B
- Cash and short-term investments
- $337M
- Net debt
- $3.12B
- EBITDA, trailing twelve months
- $955M
- Operating profit, trailing twelve months
- $745M
- Debt / equity
- 8.55×
- Total debt / EBITDA
- 3.62×
- Annualised volatilitytwo years of daily moves
- 74%
- Worst drawdown on file
- −73%
- Below its 52-week high
- 45%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Aerospace & Defense
Ranks #23 of 36 by RyuScore