OMABGrupo Aeroportuario del Centro Norte, S.A.B. de C.V.
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 -69% · now 31% 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 OMAB take a bad year?
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. carries $9.63B of net debt at 1.09× EBITDA: a load its earnings can carry.
Net debt · as at FY2024 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 1.09×
Net debt / EBITDA · 0.93× a year ago · the load is going up
- Interest cover
- 6.08×
Interest cover · operating profit covers the interest bill several times over
- Annualised volatility
- 32%
Annualised volatility · about as steady as the market itself
Details›
- Total debtFY2024
- $11.3B
- Cash and short-term investments
- $1.66B
- Net debt
- $9.63B
- EBITDA, trailing twelve months
- $8.84B
- Operating profit, trailing twelve months
- $8.08B
- Debt / equity
- 1.09×
- Total debt / EBITDA
- 1.28×
- Annualised volatilitytwo years of daily moves
- 32%
- Worst drawdown on file
- −69%
- Below its 52-week high
- 31%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.