HTOH2O America
Is it safe?
Solid, nothing alarming. Balance sheet to watch.
Mixed, watch the balance sheet Altman Z-score, a bankruptcy-risk model from five balance-sheet ratios.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Relatively steady, low volatility. Worst drawdown -43% · now 11% below its 52-week high.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
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 HTO take a bad year?
H2O America carries $1.72B of net debt at 5.67× EBITDA: a heavy load to carry through a bad year.
Net debt · as at Q1 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 5.67×
Net debt / EBITDA · 6.25× a year ago · the load is coming down
- Altman Z-score
- 0.82
Altman Z-score · distress zone, below 1.8
- Interest cover
- 2.45×
Interest cover · operating profit covers the interest bill, with room to spare
Details›
- Total debtQ1 2026
- $1.87B
- Cash and short-term investments
- $153M
- Net debt
- $1.72B
- EBITDA, trailing twelve months
- $304M
- Operating profit, trailing twelve months
- $179M
- Debt / equity
- 1.02×
- Total debt / EBITDA
- 6.17×
- Annualised volatilitytwo years of daily moves
- 24%
- 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.