NATLNCR Atleos Corporation

$46.42

Is it safe?

Can NATL take a bad year?

NCR Atleos Corporation carries $2.37B of net debt at 3.43× EBITDA: a load its earnings can carry.

$2.37B

Net debt · as at Q2 2026 · between two and four years of EBITDA, normal for a stable business

Net debt / EBITDA
3.43×

Net debt / EBITDA · 3.85× a year ago · the load is coming down

Altman Z-score
1.47

Altman Z-score · distress zone, below 1.8

Interest cover
1.95×

Interest cover · operating profit barely covers the interest bill

Details
Total debtQ2 2026
$2.79B
Cash and short-term investments
$429M
Net debt
$2.37B
EBITDA, trailing twelve months
$690M
Operating profit, trailing twelve months
$506M
Debt / equity
6.02×
Total debt / EBITDA
4.05×
Annualised volatilitytwo years of daily moves
38%
Worst drawdown on file
−35%
Below its 52-week high
−3.5%

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