NBISNebius Group N.V.

$218.34

Is it safe?

Can NBIS take a bad year?

Nebius Group N.V. carries $45.0B of net debt at 0.66× EBITDA: a load its earnings can carry.

$45.0B

Net debt · as at FY2023 · under two and a half years of EBITDA, comfortable

Net debt / EBITDA
0.66×

Net debt / EBITDA · −0.73× a year ago · the load is going up

Cash runway
4.8 years

Cash runway · burning $5.09B a quarter at the current rate

Annualised volatility
114%

Annualised volatility · three times the market's own swing

Details
Total debtFY2023
$141.5B
Cash and short-term investments
$96.5B
Net debt
$45.0B
EBITDA, trailing twelve months
$68.4B
Operating profit, trailing twelve months
$28.5B
Debt / equity
0.48×
Total debt / EBITDA
2.07×
Annualised volatilitytwo years of daily moves
114%
Worst drawdown on file
−58%
Below its 52-week high
−24%

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