JOYYJOYY Inc.
Is it safe?
Nothing alarming, nothing pristine: heavy debt (BB) and typical volatility.
Net cash, but unprofitable, speculative. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -84% · now at/near 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 JOYY take a bad year?
JOYY Inc. holds $13.8B more cash than debt, so a bad year is a question about profits, not about lenders.
Net cash
- Net debt / EBITDA
- net cash
Net debt / EBITDA · no net borrowings to measure against earnings
- Interest cover
- none
Interest cover · no operating profit to pay the interest bill from
- Annualised volatility
- 37%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtFY2020
- $734M
- Cash and short-term investments
- $14.6B
- Net cash
- $13.8B
- EBITDA, trailing twelve months
- −$2.29B
- Operating profit, trailing twelve months
- −$2.82B
- Debt / equity
- 0.02×
- Annualised volatilitytwo years of daily moves
- 37%
- Worst drawdown on file
- −84%
- Below its 52-week high
- 0.48%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
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