MAGNMagnera Corporation
Is it safe?
Caution warranted: heavy debt (BB) and big price swings.
Moderately leveraged. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -97% · now 24% 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 MAGN take a bad year?
Magnera Corporation carries $1.62B of net debt at 6.48× EBITDA: a heavy load to carry through a bad year.
Net debt · as at Q3 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 6.48×
Net debt / EBITDA · 9.43× a year ago · the load is coming down
- Interest cover
- 0.42×
Interest cover · operating profit does not cover the interest bill
- Annualised volatility
- 59%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtQ3 2026
- $1.90B
- Cash and short-term investments
- $280M
- Net debt
- $1.62B
- EBITDA, trailing twelve months
- $250M
- Operating profit, trailing twelve months
- $63M
- Debt / equity
- 1.87×
- Total debt / EBITDA
- 7.60×
- Annualised volatilitytwo years of daily moves
- 59%
- Worst drawdown on file
- −97%
- Below its 52-week high
- 24%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Household & Personal Products
Ranks #8 of 11 by RyuScore