NTRNutrien Ltd.
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (AA) and typical volatility.
Rock-solid balance sheet, low leverage. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -58% · now 19% 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 NTR take a bad year?
Nutrien Ltd. carries $10.0B of net debt at 1.64× EBITDA: a load its earnings can carry.
Net debt · as at FY2025 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 1.64×
Net debt / EBITDA · 2.53× a year ago · the load is coming down
- Interest cover
- 5.01×
Interest cover · operating profit covers the interest bill several times over
- Annualised volatility
- 31%
Annualised volatility · about as steady as the market itself
Details›
- Total debtFY2025
- $10.7B
- Cash and short-term investments
- $701M
- Net debt
- $10.0B
- EBITDA, trailing twelve months
- $6.11B
- Operating profit, trailing twelve months
- $3.74B
- Debt / equity
- 0.42×
- Total debt / EBITDA
- 1.76×
- Annualised volatilitytwo years of daily moves
- 31%
- Worst drawdown on file
- −58%
- Below its 52-week high
- 19%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.