NRGNRG Energy
Is it safe?
Forensics clean, with a caveat: a safe balance sheet, but heavy debt (B) and big price swings.
Financially healthy, low distress risk Altman Z-score, a bankruptcy-risk model from five balance-sheet ratios.
Insiders were net sellers (-$1.8M, 90 days to Oct 8, 2026), selling is often routine.
Highly leveraged, watch solvency. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -49% · now 41% below its 52-week high.
Unless marked, from SEC EDGAR, as of Dec 31, 2025.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
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 NRG take a bad year?
NRG Energy carries $23.1B of net debt at 6.28× EBITDA: a heavy load to carry through a bad year.
Net debt · as at Q2 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 6.28×
Net debt / EBITDA · 4.05× a year ago · the load is going up
- Altman Z-score
- 2.21
Altman Z-score · grey zone, between 1.8 and 3
- Interest cover
- 1.97×
Interest cover · operating profit barely covers the interest bill
Details›
- Total debtQ2 2026
- $23.3B
- Cash and short-term investments
- $162M
- Net debt
- $23.1B
- EBITDA, trailing twelve months
- $3.68B
- Operating profit, trailing twelve months
- $2.02B
- Debt / equity
- 4.79×
- Total debt / EBITDA
- 6.33×
- Annualised volatilitytwo years of daily moves
- 52%
- Worst drawdown on file
- −49%
- Below its 52-week high
- 41%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.