Is it safe?
Can LIN take a bad year?
Linde plc carries $23.1B of net debt at 1.75× EBITDA: a load its earnings can carry.
$23.1B
Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 1.75×
Net debt / EBITDA · 1.68× a year ago · the load is going up
- Altman Z-score
- 4.02
Altman Z-score · safe zone, above 3
- Interest cover
- 37.4×
Interest cover · operating profit covers the interest bill several times over
Details›
- Total debtQ2 2026
- $28.0B
- Cash and short-term investments
- $4.90B
- Net debt
- $23.1B
- EBITDA, trailing twelve months
- $13.2B
- Operating profit, trailing twelve months
- $9.38B
- Debt / equity
- 0.72×
- Total debt / EBITDA
- 2.12×
- Annualised volatilitytwo years of daily moves
- 19%
- Worst drawdown on file
- −33%
- Below its 52-week high
- −7.4%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Specialty Chemicals
Ranks #10 of 36 by Smart Score