HLNHaleon plc

$10.19

Is it safe?

Can HLN take a bad year?

Haleon plc carries $6.86B of net debt at 2.48× EBITDA: a load its earnings can carry.

$6.86B

Net debt · as at FY2025 · under two and a half years of EBITDA, comfortable

Net debt / EBITDA
2.48×

Net debt / EBITDA · 2.63× a year ago · the load is coming down

Interest cover
7.09×

Interest cover · operating profit covers the interest bill several times over

Annualised volatility
22%

Annualised volatility · about as steady as the market itself

Details
Total debtFY2025
$8.61B
Cash and short-term investments
$1.75B
Net debt
$6.86B
EBITDA, trailing twelve months
$2.77B
Operating profit, trailing twelve months
$2.41B
Debt / equity
0.52×
Total debt / EBITDA
3.11×
Annualised volatilitytwo years of daily moves
22%
Worst drawdown on file
−25%
Below its 52-week high
−8.4%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.