HBMHudbay Minerals Inc.
Is it safe?
Mostly sound, with a caveat: comfortable debt (AA), but big price swings.
Rock-solid balance sheet, low leverage. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -86% · now 18% 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 HBM take a bad year?
Hudbay Minerals Inc. carries $439M of net debt at 0.32× EBITDA: a load its earnings can carry.
Net debt · as at FY2025 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 0.32×
Net debt / EBITDA · 0.66× a year ago · the load is coming down
- Interest cover
- 15.1×
Interest cover · operating profit covers the interest bill several times over
- Annualised volatility
- 58%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtFY2025
- $1.01B
- Cash and short-term investments
- $570M
- Net debt
- $439M
- EBITDA, trailing twelve months
- $1.36B
- Operating profit, trailing twelve months
- $917M
- Debt / equity
- 0.31×
- Total debt / EBITDA
- 0.74×
- Annualised volatilitytwo years of daily moves
- 58%
- Worst drawdown on file
- −86%
- Below its 52-week high
- 18%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Basic Materials
Ranks #77 of 179 by RyuScore