GDSGDS Holdings Limited
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (A) 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 -96% · now 35% 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 GDS take a bad year?
GDS Holdings Limited carries $3.19B of net debt at 2.44× EBITDA: a load its earnings can carry.
Net debt · as at Q4 2019 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 2.44×
Net debt / EBITDA
- Cash runway
- 1.2 years
Cash runway · burning $1.26B a quarter at the current rate
- Annualised volatility
- 73%
Annualised volatility · three times the market's own swing
Details›
- Total debtQ4 2019
- $9.17B
- Cash and short-term investments
- $5.97B
- Net debt
- $3.19B
- EBITDA, trailing twelve months
- $1.31B
- Operating profit, trailing twelve months
- $345M
- Debt / equity
- 0.89×
- Total debt / EBITDA
- 6.99×
- Annualised volatilitytwo years of daily moves
- 73%
- Worst drawdown on file
- −96%
- Below its 52-week high
- 35%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Information Technology Services
Ranks #23 of 31 by RyuScore