NRCNRC Health
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (BBB) 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 -84% · now 11% 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 NRC take a bad year?
NRC Health carries $91M of net debt at 3.88× EBITDA: a load its earnings can carry.
Net debt · as at Q2 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 3.88×
Net debt / EBITDA · 2.22× a year ago · the load is going up
- Debt / equity
- 14.4×
Debt / equity
- Annualised volatility
- 53%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtQ2 2026
- $94M
- Cash and short-term investments
- $3.3M
- Net debt
- $91M
- EBITDA, trailing twelve months
- $23M
- Operating profit, trailing twelve months
- $15M
- Debt / equity
- 14.4×
- Total debt / EBITDA
- 4.02×
- Annualised volatilitytwo years of daily moves
- 53%
- Worst drawdown on file
- −84%
- Below its 52-week high
- 11%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Health Information Services
Ranks #6 of 20 by RyuScore