Is it safe?
Can HWM take a bad year?
Howmet Aerospace carries $3.94B of net debt at 1.41× EBITDA: a load its earnings can carry.
$3.94B
Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 1.41×
Net debt / EBITDA · 1.26× a year ago · the load is going up
- Altman Z-score
- 13.47
Altman Z-score · safe zone, above 3
- Debt / equity
- 0.79×
Debt / equity
Details›
- Total debtQ2 2026
- $4.50B
- Cash and short-term investments
- $563M
- Net debt
- $3.94B
- EBITDA, trailing twelve months
- $2.80B
- Operating profit, trailing twelve months
- $2.50B
- Debt / equity
- 0.79×
- Total debt / EBITDA
- 1.61×
- Annualised volatilitytwo years of daily moves
- 34%
- Worst drawdown on file
- −65%
- Below its 52-week high
- −8.0%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Aerospace & Defense
Ranks #2 of 48 by Smart Score