Is it safe?
Can ITW take a bad year?
Illinois Tool Works carries $11.0B of net debt at 2.33× EBITDA: a load its earnings can carry.
$11.0B
Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 2.33×
Net debt / EBITDA · 2.12× a year ago · the load is going up
- Altman Z-score
- 8.08
Altman Z-score · safe zone, above 3
- Interest cover
- 14.4×
Interest cover · operating profit covers the interest bill several times over
Details›
- Total debtQ2 2026
- $11.8B
- Cash and short-term investments
- $839M
- Net debt
- $11.0B
- EBITDA, trailing twelve months
- $4.69B
- Operating profit, trailing twelve months
- $4.36B
- Debt / equity
- 4.07×
- Total debt / EBITDA
- 2.51×
- Annualised volatilitytwo years of daily moves
- 21%
- Worst drawdown on file
- −38%
- Below its 52-week high
- −4.1%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Specialty Industrial Machinery
Ranks #6 of 44 by Smart Score