KVUEKenvue

$19.22

Is it safe?

Can KVUE take a bad year?

Kenvue carries $5.97B of net debt at 1.91× EBITDA: a load its earnings can carry.

$5.97B

Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable

Net debt / EBITDA
1.91×

Net debt / EBITDA · 2.25× a year ago · the load is coming down

Altman Z-score
2.16

Altman Z-score · grey zone, between 1.8 and 3

Interest cover
6.19×

Interest cover · operating profit covers the interest bill several times over

Details
Total debtQ2 2026
$7.08B
Cash and short-term investments
$1.11B
Net debt
$5.97B
EBITDA, trailing twelve months
$3.13B
Operating profit, trailing twelve months
$2.63B
Debt / equity
0.67×
Total debt / EBITDA
2.26×
Annualised volatilitytwo years of daily moves
31%
Worst drawdown on file
−44%
Below its 52-week high
−8.2%

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