MTNVail Resorts, Inc.

$148.61

Is it safe?

Can MTN take a bad year?

Vail Resorts, Inc. carries $2.65B of net debt at 3.63× EBITDA: a load its earnings can carry.

$2.65B

Net debt · as at Q3 2026 · between two and four years of EBITDA, normal for a stable business

Net debt / EBITDA
3.63×

Net debt / EBITDA · 2.61× a year ago · the load is going up

Altman Z-score
1.45

Altman Z-score · distress zone, below 1.8

Interest cover
2.19×

Interest cover · operating profit covers the interest bill, with room to spare

Details
Total debtQ3 2026
$3.02B
Cash and short-term investments
$371M
Net debt
$2.65B
EBITDA, trailing twelve months
$729M
Operating profit, trailing twelve months
$430M
Debt / equity
5.48×
Total debt / EBITDA
4.14×
Annualised volatilitytwo years of daily moves
36%
Worst drawdown on file
−61%
Below its 52-week high
−5.4%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.