Is it safe?
Can MNKD take a bad year?
MannKind Corporation carries $185M of net debt at 5.91× EBITDA: a heavy load to carry through a bad year.
$185M
Net debt · as at Q1 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 5.91×
Net debt / EBITDA · −1.69× a year ago · the load is going up
- Altman Z-score
- -4.00
Altman Z-score · distress zone, below 1.8
- Interest cover
- 0.89×
Interest cover · operating profit barely covers the interest bill
Details›
- Total debtQ1 2026
- $319M
- Cash and short-term investments
- $134M
- Net debt
- $185M
- EBITDA, trailing twelve months
- $31M
- Operating profit, trailing twelve months
- $15M
- Total debt / EBITDA
- 10.2×
- Annualised volatilitytwo years of daily moves
- 59%
- Worst drawdown on file
- −88%
- Below its 52-week high
- −34%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.