PACKRanpak Holdings Corp.
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (A) 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 -94% · now 49% 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 PACK take a bad year?
Ranpak Holdings Corp. carries $358M of net debt at 9.22× 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
- 9.22×
Net debt / EBITDA · 12.8× a year ago · the load is coming down
- Interest cover
- none
Interest cover · no operating profit to pay the interest bill from
- Annualised volatility
- 78%
Annualised volatility · three times the market's own swing
Details›
- Total debtQ2 2026
- $401M
- Cash and short-term investments
- $43M
- Net debt
- $358M
- EBITDA, trailing twelve months
- $39M
- Operating profit, trailing twelve months
- −$13M
- Debt / equity
- 0.77×
- Total debt / EBITDA
- 10.3×
- Annualised volatilitytwo years of daily moves
- 78%
- Worst drawdown on file
- −94%
- Below its 52-week high
- 49%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Packaging & Containers
Ranks #11 of 12 by RyuScore