LMBLimbach Holdings, Inc.
Is it safe?
Mostly sound, with a caveat: comfortable debt (AA), but big price swings.
Rock-solid balance sheet, low leverage. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -84% · now 55% 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 LMB take a bad year?
Limbach Holdings, Inc. carries $23M of net debt at 0.44× EBITDA: a load its earnings can carry.
Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 0.44×
Net debt / EBITDA · −0.12× a year ago · the load is going up
- Interest cover
- 11.2×
Interest cover · operating profit covers the interest bill several times over
- Annualised volatility
- 67%
Annualised volatility · three times the market's own swing
Details›
- Total debtQ2 2026
- $41M
- Cash and short-term investments
- $18M
- Net debt
- $23M
- EBITDA, trailing twelve months
- $53M
- Operating profit, trailing twelve months
- $39M
- Debt / equity
- 0.20×
- Total debt / EBITDA
- 0.77×
- Annualised volatilitytwo years of daily moves
- 67%
- Worst drawdown on file
- −84%
- Below its 52-week high
- 55%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Building Products & Equipment
Ranks #7 of 19 by RyuScore