KRKroger

$58.53

Is it safe?

Can KR take a bad year?

Kroger carries $12.5B of net debt at 2.77× EBITDA: a load its earnings can carry.

$12.5B

Net debt · as at Q4 2025 · between two and four years of EBITDA, normal for a stable business

Net debt / EBITDA
2.77×

Net debt / EBITDA · 1.08× a year ago · the load is going up

Debt / equity
2.68×

Debt / equity

Annualised volatility
27%

Annualised volatility · about as steady as the market itself

Details
Total debtQ4 2025
$15.9B
Cash and short-term investments
$3.33B
Net debt
$12.5B
EBITDA, trailing twelve months
$4.52B
Operating profit, trailing twelve months
$1.48B
Debt / equity
2.68×
Total debt / EBITDA
3.51×
Annualised volatilitytwo years of daily moves
27%
Worst drawdown on file
−46%
Below its 52-week high
−22%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.