GBTGGlobal Business Travel Group, Inc.
Is it safe?
Nothing alarming, nothing pristine: insiders quiet, comfortable debt (A), and big price swings.
Insiders were net sellers (-$7.3M, 90 days to Oct 8, 2026), selling is often routine.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -48% · now at/near 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 GBTG take a bad year?
Global Business Travel Group, Inc. carries $994M of net debt at 3.39× 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
- 3.39×
Net debt / EBITDA · 2.50× a year ago · the load is going up
- Interest cover
- 0.68×
Interest cover · operating profit does not cover the interest bill
- Annualised volatility
- 54%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtQ2 2026
- $1.51B
- Cash and short-term investments
- $518M
- Net debt
- $994M
- EBITDA, trailing twelve months
- $293M
- Operating profit, trailing twelve months
- $68M
- Debt / equity
- 0.92×
- Total debt / EBITDA
- 5.16×
- Annualised volatilitytwo years of daily moves
- 54%
- Worst drawdown on file
- −48%
- Below its 52-week high
- 0.11%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.