LBTYBLiberty Global Ltd.
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (A) and big price swings.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -78% · now 33% 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 LBTYB take a bad year?
Liberty Global Ltd. carries $5.90B of net debt at 5.92× EBITDA: a heavy load to carry through a bad year.
Net debt · as at Q2 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 5.92×
Net debt / EBITDA · 6.27× a year ago · the load is coming down
- Cash runway
- 5+ years
Cash runway · burning $64M a quarter at the current rate
- Annualised volatility
- 68%
Annualised volatility · three times the market's own swing
Details›
- Total debtQ2 2026
- $8.32B
- Cash and short-term investments
- $2.42B
- Net debt
- $5.90B
- EBITDA, trailing twelve months
- $996M
- Operating profit, trailing twelve months
- −$87M
- Debt / equity
- 0.90×
- Total debt / EBITDA
- 8.35×
- Annualised volatilitytwo years of daily moves
- 68%
- Worst drawdown on file
- −78%
- Below its 52-week high
- 33%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.