Is it safe?
Can MIDD take a bad year?
The Middleby Corporation carries $1.70B of net debt at 2.69× EBITDA: a load its earnings can carry.
$1.70B
Net debt · as at Q1 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 2.69×
Net debt / EBITDA · 2.34× a year ago · the load is going up
- Altman Z-score
- 3.34
Altman Z-score · safe zone, above 3
- Interest cover
- 5.62×
Interest cover · operating profit covers the interest bill several times over
Details›
- Total debtQ1 2026
- $1.87B
- Cash and short-term investments
- $177M
- Net debt
- $1.70B
- EBITDA, trailing twelve months
- $631M
- Operating profit, trailing twelve months
- $568M
- Debt / equity
- 0.79×
- Total debt / EBITDA
- 2.97×
- Annualised volatilitytwo years of daily moves
- 41%
- Worst drawdown on file
- −69%
- 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.
Specialty Industrial Machinery
Ranks #18 of 44 by Smart Score