Is it safe?
Can HXL take a bad year?
Hexcel Corporation carries $944M of net debt at 3.08× EBITDA: a load its earnings can carry.
$944M
Net debt · as at Q1 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 3.08×
Net debt / EBITDA · 2.33× a year ago · the load is going up
- Altman Z-score
- 5.28
Altman Z-score · safe zone, above 3
- Interest cover
- 4.44×
Interest cover · operating profit covers the interest bill, with room to spare
Details›
- Total debtQ1 2026
- $998M
- Cash and short-term investments
- $54M
- Net debt
- $944M
- EBITDA, trailing twelve months
- $307M
- Operating profit, trailing twelve months
- $185M
- Debt / equity
- 0.79×
- Total debt / EBITDA
- 3.25×
- Annualised volatilitytwo years of daily moves
- 32%
- Worst drawdown on file
- −69%
- Below its 52-week high
- −14%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Aerospace & Defense
Ranks #34 of 48 by Smart Score