NGVCNatural Grocers by Vitamin Cottage, Inc.
Is it safe?
Mostly sound, with a caveat: comfortable debt (AA), but big price swings.
Net cash and profitable. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -74% · now 25% 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 NGVC take a bad year?
Natural Grocers by Vitamin Cottage, Inc. holds $16M more cash than debt, so a bad year is a question about profits, not about lenders.
Net cash
- Net debt / EBITDA
- net cash
Net debt / EBITDA · no net borrowings to measure against earnings
- Interest cover
- 23.4×
Interest cover · operating profit covers the interest bill several times over
- Annualised volatility
- 52%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtQ3 2026
- $1.5M
- Cash and short-term investments
- $17M
- Net cash
- $16M
- EBITDA, trailing twelve months
- $96M
- Operating profit, trailing twelve months
- $63M
- Debt / equity
- 0.01×
- Total debt / EBITDA
- 0.01×
- Annualised volatilitytwo years of daily moves
- 52%
- Worst drawdown on file
- −74%
- Below its 52-week high
- 25%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.