NEXANexa Resources S.A.
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (A) and big price swings.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -85% · now 21% 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 NEXA take a bad year?
Nexa Resources S.A. carries $1.17B of net debt at 1.49× EBITDA: a load its earnings can carry.
Net debt · as at FY2025 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 1.49×
Net debt / EBITDA · 1.87× a year ago · the load is coming down
- Interest cover
- 1.62×
Interest cover · operating profit barely covers the interest bill
- Annualised volatility
- 63%
Annualised volatility · three times the market's own swing
Details›
- Total debtFY2025
- $1.71B
- Cash and short-term investments
- $535M
- Net debt
- $1.17B
- EBITDA, trailing twelve months
- $787M
- Operating profit, trailing twelve months
- $498M
- Debt / equity
- 1.70×
- Total debt / EBITDA
- 2.17×
- Annualised volatilitytwo years of daily moves
- 63%
- Worst drawdown on file
- −85%
- Below its 52-week high
- 21%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.