HWMHowmet Aerospace
Is it safe?
Strong, no red flags: a safe balance sheet.
Financially healthy, low distress risk 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.
Moderate price swings, typical volatility. Worst drawdown -65% · now 23% 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 HWM take a bad year?
Howmet Aerospace carries $3.94B of net debt at 1.41× EBITDA: a load its earnings can carry.
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
- 13.51
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
- 35%
- Worst drawdown on file
- −65%
- Below its 52-week high
- 23%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Aerospace & Defense
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