IHGInterContinental Hotels Group PLC
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (BBB) and typical volatility.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -59% · now 8% below its 52-week high.
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 IHG take a bad year?
InterContinental Hotels Group PLC carries $3.07B of net debt at 2.43× EBITDA: a load its earnings can carry.
Net debt · as at FY2025 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 2.43×
Net debt / EBITDA · 2.04× a year ago · the load is going up
- Interest cover
- 5.93×
Interest cover · operating profit covers the interest bill several times over
- Annualised volatility
- 25%
Annualised volatility · about as steady as the market itself
Details›
- Total debtFY2025
- $4.20B
- Cash and short-term investments
- $1.13B
- Net debt
- $3.07B
- EBITDA, trailing twelve months
- $1.26B
- Operating profit, trailing twelve months
- $1.20B
- Total debt / EBITDA
- 3.32×
- Annualised volatilitytwo years of daily moves
- 25%
- Worst drawdown on file
- −59%
- Below its 52-week high
- 7.7%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.