NATHNathan's Famous, Inc.
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (A) and typical volatility.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -53% · now 5% 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 NATH take a bad year?
Nathan's Famous, Inc. carries $23M of net debt at 0.74× EBITDA: a load its earnings can carry.
Net debt · as at Q1 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 0.74×
Net debt / EBITDA · 0.63× a year ago · the load is going up
- Interest cover
- 10.9×
Interest cover · operating profit covers the interest bill several times over
- Annualised volatility
- 28%
Annualised volatility · about as steady as the market itself
Details›
- Total debtQ1 2026
- $48M
- Cash and short-term investments
- $25M
- Net debt
- $23M
- EBITDA, trailing twelve months
- $31M
- Operating profit, trailing twelve months
- $30M
- Total debt / EBITDA
- 1.54×
- Annualised volatilitytwo years of daily moves
- 28%
- Worst drawdown on file
- −53%
- Below its 52-week high
- 4.8%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.