NOWServiceNow

$130.78

Is it safe?

Can NOW take a bad year?

ServiceNow carries $2.85B of net debt at 1.17× EBITDA: a load its earnings can carry.

$2.85B

Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable

Net debt / EBITDA
1.17×

Net debt / EBITDA

Altman Z-score
5.48

Altman Z-score · safe zone, above 3

Debt / equity
0.60×

Debt / equity

Details
Total debtQ2 2026
$7.52B
Cash and short-term investments
$4.66B
Net debt
$2.85B
EBITDA, trailing twelve months
$2.44B
Operating profit, trailing twelve months
$1.68B
Debt / equity
0.60×
Total debt / EBITDA
3.08×
Annualised volatilitytwo years of daily moves
48%
Worst drawdown on file
−65%
Below its 52-week high
−32%

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