Is it safe?
Can HON take a bad year?
Honeywell carries $24.8B of net debt at 2.71× EBITDA: a load its earnings can carry.
$24.8B
Net debt · as at Q2 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 2.71×
Net debt / EBITDA · 2.96× a year ago · the load is coming down
- Altman Z-score
- 3.43
Altman Z-score · safe zone, above 3
- Interest cover
- 5.44×
Interest cover · operating profit covers the interest bill several times over
Details›
- Total debtQ2 2026
- $34.0B
- Cash and short-term investments
- $9.20B
- Net debt
- $24.8B
- EBITDA, trailing twelve months
- $9.15B
- Operating profit, trailing twelve months
- $7.87B
- Debt / equity
- 1.83×
- Total debt / EBITDA
- 3.71×
- Annualised volatilitytwo years of daily moves
- 25%
- Worst drawdown on file
- −43%
- Below its 52-week high
- −11%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.